Want to be in the loop?
subscribe to
our notification
Business News
VIET NAM, ROK PLEDGE TO FOSTER COOPERATION IN TRADE, INDUSTRY, ENERGY
Minister of Industry and Trade of Viet Nam Nguyen Hong Dien and Minister of Trade, Industry and Energy of the Republic of Korea (RoK) Moon Sung-wook have agreed to launch measures to support enterprises in adapting to COVID-19 and foster cooperation between the two countries’ enterprises in trade, industry and energy in the upcoming time.
The agreement was reached at the 11th meeting of the Viet Nam-RoK Joint Committee on trade, industry and energy cooperation and the 5th meeting of the bilateral Joint Committee on implementation of Viet Nam-RoK Free Trade Agreement (VKFTA) in Seoul, the RoK, on December 22.
Both sides consented to work together to implement measures to expand the scale of bilateral trade, broaden market for farm produce, tackle trade barriers between the two countries and enhance cooperation in intellectual property and anti-counterfeiting as well as develop logistics and distribution systems.
They pledged to early finalize procedures for the signing of an agreement on the implementation of an agreement on cumulative origin of textile materials under the Viet Nam-UK Free Trade Agreement
They agreed to continue close coordination in fully and effectively implementing the Regional Comprehensive Economic Partnership (RCEP) since January 1, 2022 to consolidate supply chains in the region and contribute to post-COVID-19 economic recovery.
In terms of energy, both sides will encourage their enterprises to promote partnership in technology transfer in energy, especially new energies with a view to fulfilling net-zero emissions pledge.
Following Viet Nam’s requests, the RoK’s Ministry of Trade, Industry and Energy decided to continue sponsoring the second phase of a project to promote the energy efficient investment market in the industrial sector and support the national green development action program in the 2021-2025 period.
The two ministers noted that after seven years of implementing the agreement, two-way trade is estimated to rise 2.1 times from US$36.5 billion in 2015 to US$77 billion in 2021. The RoK’s investment into Viet Nam rose from US$44 billion in 2015 to US$74 billion in November 2021.
Following the two meetings, the two ministers signed four documents, including a memorandum of understanding between the Ministry of Industry and Trade and the Ministry of Trade, Industry and Energy on middle and long-term cooperation in commercial urea for industrial use.
Source: VCCI
Related News
CHARITY / EXHIBITION / OTHER EVENTS
INVESTMENT OPPORTUNITIES IN CA MAU PROVINCE: 96 PROJECTS AND 20 STRATEGIC PROJECTS
We are pleased to share with you information on investment projects currently seeking investors in Ca Mau Province. Should your esteemed company or association be interested, we kindly invite you to review the project information and complete the registration form via the links provided. The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) will consolidate the expressions of interest and facilitate connections with the leadership of Ca Mau Province at a meeting tentatively scheduled for 13 November 2026 in Ho Chi Minh City.
MEMBER CORNER / PROMOTIONS
BẰNG KIỀU LIVESHOW - A SYMPHONY OF LOVE UNDER THE GOLDEN GLOW
A masterclass in live music that takes the audience on a soulful journey through immortal love songs, guided by the peerless artistry and emotive storytelling of renowned singer Bằng Kiều. The highlight of the night is his seamless musical chemistry with special guest Triệu Hồng Ngọc, promising passionate and deeply resonant duets inside the magnificent Grand Ballroom.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
VIETNAM ECONOMY INVESTMENT
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
VIETNAM ECONOMY INVESTMENT
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.
Events Sponsors
