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Tag Archive for ‘Korea’

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

Convenient stores run for market share in HCM City

Businesses in HCMC have been rushing to open convenient stores, which now total 1,050 with the growth rate of 100 percent for the last three consecutive years, according to reports by the Department of Industry and Trade. After owning over 100 Co.op Food stores mainly selling food, foodstuff, fresh and processed food and other essential […]

Oysters from northeast Vietnam start shipping to the EU

Up until about a decade ago, the fledging oyster industry along the north-eastern coast of Vietnam in the provinces of Thai Binh and Nam Dinh had virtually zero production, say local officials. Then, under the guidance of a team of Australian shellfish experts headed by Dr Wayne O’Connor from the Port Stephens Fisheries Institute in […]

Vietnam spends billions of USD on pharmaceutical products import

Vietnam has spent billions of US dollars on the import of pharmaceutical products every year, according to the statistics from the General Department of Vietnam Customs. By August 15, imports of pharmaceutical products have hit US$1.712 billion, up 5.8% against the same period last year. Most of the products were imported from France, India, the […]

Foreign investment on the rise in Vietnam

The foreign investment is looking up, as the total capital pledged for investment in the country until August 20 was nearly equal to that for the entire 2016. The reports from the Foreign Investment Agency showed that foreign investors had registered to invest US$23.36 billion into Việt Nam in the January-August 20 period, up 45.1 […]

Vietnam becomes RoK’s third largest exporting market

The exports from the Republic of Korea (RoK) to Vietnam increased by nearly 50% in the first seven months of 2017, compared to the same period last year, making Vietnam among the top three shipment destinations for RoK goods. According to RoK Customs Service, RoK’s exports to Vietnam, in the January-July period, reached US$26.95 billion, […]

Foreign investors to seek cooperation with Hậu Giang

The Mekong Delta province of Hậu Giang is actively attracting investors and creating optimal conditions for investors to implement their projects in the province. This was stated by Nguyễn Văn Tuấn, vice chairman of the provincial People’s Committee, at a meeting between the province and representatives of European firms on Tuesday. Representatives of the investors […]

Republic of Korea (RoK)’s exports to Vietnam surge 50% in first seven months of 2017

The Republic of Korea (RoK)’s exports to Vietnam enjoyed a year-on-year surge of nearly 50% in the first seven months of 2017, making the Southeast Asian country the third biggest importer of RoK goods. According to the RoK’s customs data released on August 23, the country’s export turnover to Vietnam during the January-July period reached […]

Agricultural fair to open at Quảng Ninh

HÀ NỘI — The One Commune One Product (OCOP) agriculture trade fair will open on September 1 in the northern province of Quảng Ninh to promote local agricultural and tourism products in a bid to fully tap local potential for economic development. This will be the fifth time Quảng Ninh has organised the OCOP fair. […]

Raising Vietnamese export brands

Accelerating exports to the markets that Vietnam has signed free trade agreements (FTAs) with, improving product quality and making a difference for products are the main ways of helping Vietnamese enterprises increase their exports in the current climate. According to Nguyen Phu Hoa, Deputy Head of the Ministry of Industry and Trade’s Import and Export […]