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Seoul – An international seminar on trend of investment in Vietnam in the new normal context took place in Seoul on August 18, with over 150 Korean investors and enterprises in different areas taking part. CEO of Anam Electronics speaks at the event (Photo: VNA) The event was co-hosted by the Vietnam Viglacera Corporation, the Vietnamese Embassy in the RoK, the Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency, the Industrial Bank of Korea (IBK) and the Bae, Kim & Lee LLC, on the occasion of the 30th anniversary of Vietnam – RoK diplomatic ties. It was one of the first investment promotion seminars held in the RoK following the COVID-19 pandemic. Speaking at the event, Vietnamese Ambassador to the RoK Nguyen Vu Tung stressed the country as the biggest FDI partner to Vietnam with nearly 10,000 projects worth 80 billion USD. Two-way trade hit 78.1 billion USD in 2021 and is likely to reach 90 billion USD. The Embassy commits to standing … [Read more...] about RoK seminar on investment in Vietnam

In accordance with the Law on Railway Transport, the Hanoi People’s Committee will be the main investor for the Yen Vien-Ngoc Hoi metro line. The Ministry of Transport will invest in the national railway while Hanoi will invest in the depot area for the project. The transport ministry has instructed the Railway Project Management Unit to hand over documents on the Yen Vien-Ngoc Hoi project to Hanoi authorities to speed up the process. As the stations will change from being national terminals to metro stations, the transport ministry will cooperate with relevant authorities to relocate the national railway infrastructure at the Hanoi and Giap Bat stations to make room for the Yen Vien-Ngoc Hoi project. The Yen Vien-Ngoc Hoi project, spanning 28.7 km, would have two new railway bridges over the Red River and the Duong River to replace the Long Bien Bridge and the Duong Bridge. The North-South Railway would begin from the Ngoc Hoi Station instead of the Hanoi Train Station. … [Read more...] about Hanoi train station infrastructure to be relocated for metro project

Yerkin Tatishev, founder and chairman of Kusto Group During your visit to Vietnam, you identified and reconfirmed the potential of the Vietnamese market. Could you please share your investment strategy and plan for the coming years? Over the past 10 years, we have invested in different industries in Vietnam from cement to logistics and real estate. During that time, we also gained a lot of experience. The business results of the projects are different but in general, they are positive. Through this process, we have also built strong foundations for development in Vietnam such as a network of partners, friends, and a deep understanding of the local market. The Vietnamese government is stepping up investment in infrastructure such as roads, airports and many others, in which private companies are actively participating. Investment in infrastructure will create a positive growth engine for Vietnam. The nation's infrastructure system is changing very quickly and I firmly … [Read more...] about Kusto Group diversifies its business in Vietnam

A performance at the programme in Da Nang on August 9 (Photo: VNA) Da Nang (VNA) – A programme was held in the central city of Da Nang on August 9 to offer support and raise funds for victims of Agent Orange (AO) on the occasion of the 61st anniversary of the AO disaster in Vietnam (August 10, 1961). Programme organisers, including the Da Nang Association of AO Victims and other organisations, presented gifts to 30 AO victims and disadvantaged war veterans. They also set up a hotline at the city’s public service switchboard 1022 via which people can make text donations. From June 14 to July 28, 221 units, organisations, and individuals made donations worth over 1.6 billion VND (68,400 USD) both in cash and in kind to the programme. Addressing the event, Chairman of the Da Nang Association of AO Victims To Nam said the city is home to more than 5,000 AO victims, including 1,400 children, noting that the association has raised funds worth 162 billion VND in … [Read more...] about Da Nang city works to assist victims of Agent Orange

Briefing on a plan for the construction of the village, Park asked the Embassy of Vietnam in the RoK for support to the project which aims to mark the 30th anniversary of the bilateral diplomatic ties (December 22, 1992 – 2022), to expand people-to-people exchange, and to promote Vietnam’s cultural experience in the RoK. According to Park, the village will be developed on a ground of 38,350 sq.m. It is expected to attract around 100,000 visitors and generate some 3.7 billion won (2.8 million USD) in revenue annually. Local authorities also hope that project will create jobs for nearly half a million of local residents. The Vietnamese village in Bonghwa forms part of a project planned to step up cultural exchange and accelerate cooperation between Bonghwa and Vietnam in tourism, culture and education. The Korean province is home to a temple dedicated to the Ly Hoa Son (Lee Hwasan) clan, who are descendants of Ly Long Tuong, a prince of the Ly Dynasty ruling Vietnam between the … [Read more...] about Vietnamese cultural village to be built in RoK

Quy Nhon, a coastal city in the south-central Vietnamese province of Binh Dinh, has emerged as a new hotspot for vacationers thanks to its countless stunning tourist attractions. Quy Nhon has two seasons – rainy and dry – and each offers visitors a unique perspective on the city. The rainy season in Quy Nhon typically begins in September and lasts until February, while the dry season begins in March and ends in September. When visiting Quy Nhon during the dry season, visitors should bring sunscreen, medications, and appropriate clothing. They should also make sure to stay hydrated because the weather is often scorching hot, though such high temperatures are occasionally mitigated by the ocean breeze. Vehicles travel against a background of wind turbines in Quy Nhon City, Binh Dinh Province, south-central Vietnam. Photo courtesy of Lo Huu Duc Anh Quy Nhon has a unique terrain flanked by mountains on one side and a long, curved, white-sand beach on the other. … [Read more...] about Vietnam’s Quy Nhon City embraces stunning landscapes and cultural, historical values