According to the Ministry of Planning and Investment, ROK investors continue to be an important component of the Vietnamese economy, contributing about 30% to Vietnam’s total export value in the first nine months of 2020.

Workers at Samsung Vietnam.

Meanwhile, Vietnam has only 49 investment projects in the ROK with total investment capital of US$35.24 million. These projects all have a small scale and are mainly in the areas of science and technology, mining, manufacturing and the processing industry.

Amid the serious impacts of the Covid-19 pandemic, Vietnam-ROK trade revenue in the first three quarters of 2020 has declined compared to the same period last year.

Total import and export revenue between Vietnam and ROK reached US$47.5 billion in the first nine months of 2020, down 5.1% over the corresponding period in 2019. Of which, Vietnam’s export revenue to the ROK posted at US$14.5 billion, down 2.1% and import revenue reached US$33 billion, down 6.5%.

In the future, Vietnam will continue to ask the ROK to facilitate the settlement of import procedures regarding Vietnamese agricultural products and food and suggest the country stop applying anti-dumping duties on plywood products imported from Vietnam. The two countries also expect to raise bilateral trade revenue to US$100 billion in the future.

UK’s former PM ready to help Vietnam attract high-quality investment

Deputy Prime Minister and Foreign Minister Pham Binh Minh held phone talks on October 27 with the UK’s former Prime Minister Tony Blair, who is now Executive Chairman of the Tony Blair Institute for Global Change.

Bac Giang licenses 106 new investment projects

(BGO) - According to the Department of Planning and Investment, Bac Giang province licensed and adjusted 14 investment projects including 5 new projects (4 domestic and 1 foreign investment) in October. Total newly registered and added capital hit 72.4 million USD.

Samsung heir visits Vietnam to discuss possible investment plans

Samsung Electronics vice chairman Lee Jae-yong departed for Vietnam for a three-day visit to explore business opportunities.

Bac Giang makes progress in improving investment and business environment

(BGO) – After nearly 5 years of implementation of Resolution No. 73, the investment and business environment of Bac Giang province has changed significantly. In particular, the thinking and awareness of authorities from the provincial to grassroots levels have been raised, opening up a new perspective and a new way of doing with new motivation and determination.

Bac Giang draws over 100 investment projects in first 9 months

(BGO) – Amid the common difficulties, Bac Giang province has recently achieved positive result in investment attraction. Since early this year, the province has attracted 941 million USD of invested capital, accounting for 95.3 percent of the same period last year.

Source: NDO