North korea

Illustrative image (Source: VNA) Hanoi (VNA) – The management board of the North-South Expressway project will issue prequalification documents to bidders of the National Highway 45-Nghi Son section of the project from May 8 to July 8, according to Cao Viet Hung, head of the board’s Planning Office. Hung said that so far, along with domestic firms, a number of foreign investors, including those from the Republic of Korea, France and Japan, have shown interest in the project. The project will be implemented in the public-private partnership (PPP) format. According to the Ministry of Transport, the section from National Highway 45 to Nghi Son under the Eastern North-South Expressway is 43 km in length, with a total investment of about 6.3 trillion VND (207.9 million USD), with the State budget funding about 2 trillion VND (86 million USD). The 654 km Eastern North-South Expressway project in the 2017-2020 period has a total investment of over 118.71 trillion VND (5.1 … [Read more...] about Foreign investors interested in North-South Expressway component project

Deputy Minister of Public Security Le Quy Vuong speaks at the conference (Photo: VNA) Son La (VNA) – The cooperation between the Son La province border guard force, the Vietnam Border Guard High Command’s anti-drug department and competent agencies of the Lao Houaphan and Luang Prabang provinces has successfully put an end to several major drugs cases in contribution to curbing the crime along the Vietnam – Laos borderline. It was heard at a conference held in the northern mountainous province of Son La on April 25 to review a decade of implementing the local SH 09 plan on cooperation with northern Lao provinces in combating drugs smuggling. The sides have jointly busted 3,320 drug trafficking cases, arresting 4,664 suspects and seizing more than 874 kg of heroin, 56 million synthetic drug pills, and 300 kg of opium. Speaking at the conference, Deputy Minister of Public Security Le Quy Vuong recommended such collaboration should be maintained in the coming time. … [Read more...] about Son La reviews 10-year anti-drug trafficking with north Laos

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has completed the sale of a 15% stake to South Korea’s KEB Hana Bank for 20.3 trillion dong ($875.00 million), it said on Monday. KEB Hana Bank’s parent Hana Financial Group said at the time the deal was announced in July that the BIDV stake would facilitate its entry into the Vietnamese market and secure sources for its mid- to long-term growth. BIDV, Vietnam’s second-largest listed bank with a market capitalization of $6.09 billion, has issued 603.3 million new shares for the stake sale, it said. Vietnam caps foreign ownership in local banks at 30%, but has allowed some overseas banks to open wholly-owned units. … [Read more...] about S.Korea’s Hana Bank completes $875 mln acquisition of 15% stake in Vietnam’s BIDV

Minister of Culture, Sports and Tourism Nguyen Ngoc Thien (Photo: VNA) Seoul (VNA) – A conference to promote Vietnamese tourism was held in Seoul in June 26 as an opening activity for the Vietnam Tourism-Culture Festival in the Republic of Korea (RoK). Addressing the event, Minister of Culture, Sports and Tourism Nguyen Ngoc Thien said that over the years, Vietnam and the RoK have implemented various exchange and cooperation activities in the fields of culture, sport and tourism, including the Vietnamese Culture Days in the RoK. Such exchange activities have contributed to deepening the understanding and friendship between the two countries, encouraging more Koreans to travel to Vietnam, he said. The minister affirmed that the Vietnamese Government always welcomes and creates the best possible conditions for RoK tourists, investors and travel firms. Korean guests at the conference were introduced to Vietnamese landscapes, resorts, hotels as well as the Vietnamese people and … [Read more...] about Vietnamese tourism promoted in RoK

A candidate is interviewed at the annual Korea-Việt Nam job fair in HCM City on June 28. (Photo: VNA) HCM City (VNA) - Investment in Vietnam from the Republic of Korea (RoK) is expected to rise further, increasing demand for labour, according to the Korea Trade-Investment Promotion Agency (Kotra). The RoK is already the largest foreign investor in Vietnam, according to the Foreign Investment Agency, with a total of 64.55 billion USD in 7,905 projects, accounting for over 18 percent of FDI. At a recent Korea-Vietnam job fair in HCM City, 45 RoK firms hired Vietnamese for positions in production, quality management, import-export management, HR, interpretation, accounting, sales and marketing, with the largest demand being for sales, marketing and production management personnel and interpreters. They included subsidiaries of major companies such as Lotte, Posco, LG, Daesang, Emart, Shinhan Bank, and Korea Exchange Bank, Nearly 1,400 Vietnamese took part in the fair. Speaking … [Read more...] about RoK firms come hiring at HCM City job fair