Capital flow from South Korea continues increasing

Capital flow from South Korea to Vietnam continued increasing strongly this year, the Ministry of Industry and Trade said.

Recently, South Korean Ministry of Trade, Industry and Energy has worked with the Vietnamese ministry to negotiate cooperation in fields including electricity plant building, oil and gas, renewable energy, support industry, safe energy management, automobile, garment, distribution system and logistics.
They have also discussed ways to boost Vietnamese seafood, farm produce and processed food export to South Korea.
The two countries’ export turnover is expected to reach $100 billion by 2020. South Korea now ranks first in the number of investment projects in Vietnam with 1,287 projects and total capital of nearly $7.7 billion.
HCMC Export Processing and Industrial Zones Authority (HEPZA) said many European business delegations had required to come to the city and learn about local investment environment in the first week of the Lunar New Year. The most interested fields have been real estate, renewable energy and construction.

By PHUNG VAN – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SGN lists 24million shares on HOSE

 Saigon Ground Services JSC (under code: SGN) will list on the Ho Chi Minh City Stock Exchange (HOSE) 24 million shares for the first time starting on August 1st at a reference price of VND 140,000 per share.