Vietnamese air conditioner manufacturers are increasingly using sophisticated technologies as they jostle for market share in a competitive market.
VOV.VN - Despite foreign direct investment (FDI) shown signs of a slowdown as a result of the negative impact of the novel coronavirus (COVID-19), experts believe that the nation will be able to welcome an array of fresh dual investment after the pandemic.
VOV.VN - LG Electronics Vietnam Company presented 10,000 sets of novel coronavirus (COVID-19) test kits to the Ministry of Health in Hanoi on May 8 as a means of assisting the country in the fight against the global pandemic by helping detect the virus at an early stage.
The Ministry of Labour, Invalids and Social Affairs (MoLISA) has proposed the government to lift a ban and allow on a priority basis for 8,459 highly skilled foreign workers – out of the thousands who have been kept out – to enter Vietnam since it has been difficult to find replacements for them.
As the coronavirus outbreak shows no sign of slowing down, supply chain leaders are urged to mitigate instant disruption and plan for their short- and long-term performance, at a time of weakness in securing domestic raw material sources in the context of feeble supporting industries.
In 2019, foreign direct investment attraction was a bright spot of Vietnam’s economic picture. It is expected to continue being one of the vital drivers of the country’s growth this year and beyond.
Foreign investors are heading to Vietnam to take advantage of both domestic and export markets thanks to the country’s signed free trade agreements.
VOV.VN - Prime Minister Nguyen Xuan Phuc entered talks with over 20 leading business leaders and investors from the Republic of Korea (RoK) on the morning of November 28 as part of a host of activities during an official visit to the RoK.
Vietnam needs stronger human resources to serve the growing integrated circuit (IC) industry to create greater investment opportunities.
Korea JoongAng Daily of the Republic of Korea (RoK) has recently run an article highlighting Vietnam’s economic potential.
Industrial growth should remain elevated and a key driver of economic growth going forward, spearheaded by a burgeoning manufacturing sector, especially electronics and mining.
The Export-Import Bank of Korea (Korea Eximbank) has said that it has agreed to open a 2 billion USD credit line to Vietnam’s State-owned Vietnam Oil and Gas Group (PetroVietnam) in a bid to help more Korean companies venture into the fast-growing economy.
Samsung has affirmed that it will continue us to choose Vietnam as its biggest production base, from which Samsung’s mobile phones will go to the world market.
Considerable developments in politics, economy, labour and socio-culture have been recorded in the Vietnam-the Republic of Korea (RoK) relations thanks to joint efforts made by the two countries since they set up diplomatic ties in 1992.
Despite Vietnam’s large trade deficit with the Republic of Korea, concerns are being allayed with the latter boosting investment and exports for production and re-export in the former, to take advantage of tax cuts under a regional trade pact.
VOV.VN - The southern province of Dong Nai currently ranks third among localities nationwide for attracting foreign direct investment (FDI), only behind Ho Chi Minh City and Binh Duong, according to the provincial Department of Planning and Investment.
Vietnam expects a bright export picture for 2018, driven by the key export items of phones and electronic components, textiles and garment and footwear, as well as a growing trade surplus despite protectionist measures coming into effect across the globe.
Northern Hai Phong city and Hai Duong province have welcomed big high-tech foreign direct investment (FDI) projects this month, with a combined investment of over US$850 million.
VOV.VN - On October 5, the Vietnam Trade Promotion Agency (Vietrade) in collaboration with the Korean Institute of Design Promotion (KIDP), the Ministry of Trade, Industry and Energy of Korea inaugurated the Vietnam-Korea Design Centre at 17 Yet Kieu street, Hai Ba Trung district, Hanoi.
The Hai Phong Confederation of Labour and the trade union organisation of the Hai Phong Economic Zone on June 21 announced a decision to establish a trade union in the LG Innotek Vietnam-Hai Phong at Trang Due Industrial Park.