Tag Archive for ‘Korea’

Foreign chains a launchpad for Vietnam goods to reach world market

More and more Vietnamese enterprises are exporting goods via foreign supermarket chains. In late June, Luc Ngan litchis were on sale at Tops and Central Food Hall, the food retail chain owned by Central Group, in Bangkok. Also in the month, Lotte Mart exported consignments of food products, washing liquid and kitchenware from the Choice […]

Foreigners will be allowed to own houses in Vietnam for up to 99 years

On August 2 2017, the Government Standing Committee met to discuss the proposed law on special administrative-economic units and changes in the land law concerning foreign ownership of property. Prime Minister Nguyen Xuan Phuc has said it is necessary to create a special legal framework to attract investment in special zones. A draft law will […]

Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says

Gold will probably rally to a record above $2,000 an ounce next year as central banks ramp up stimulus to sustain the recovery, according to Raymond Key, London-based global head of metals trading at Deutsche Bank AG. “We’ll take out $2,000, we’ll go higher,” Key said in an interview in Hong Kong, where he attended […]

Vietnam boosts South Korean friendship

HA NOI (VNS)— The Republic of Korea – Viet Nam Friendship Association should take full advantage of its role to strengthen the two countries’ friendship, President Truong Tan Sang said yesterday while receiving Choi Young Joo, chairman of the association and head of its delegation to the country. Sang went on to praise the commendable strategic partnership that the two countries have built up in the past 20 years. South Korea is the top investor in Viet Nam, and the two countries will soon hold negotiations on a Free Trade Agreement. With more than 100,000 South Koreans…

S Korea tops Vietnam’s foreign investor list

HA NOI (VNS) — The Republic of Korea (RoK) has the largest number of investment projects among foreign investors in Ha Noi, with 636 developments worth more than US$3.5 billion. RoK businesses mainly invest in hotels and office and urban area building. At a meeting in Ha Noi on Monday with Choi Yong Joo, Chairman of the RoK-Viet Nam Friendship Association, Vice Chairwoman of the Ha Noi People’s Committee Nguyen Thi Bich Ngoc said that economic co-operation between the RoK and Viet Nam – and particularly Ha Noi – has become more and more fruitful…

CSR is a way to give back

Eight Korean companies last week were presented with corporate social responsibility awards for significant contributions to Vietnamese society. The ceremony was held together with the “Hallyu Korean Wave Products Shows” in Hanoi in celebration of 20 years of diplomatic relations between Vietnam and Korea. The honoured firms are Posco Vietnam, VinaKorea, Shinhan Bank Vietnam, PTV, Asian Airlines, Hansoll Vietnam, Posco VNPC and Silkroad Hanoi. They were selected from 16 short-listed candidates by Korea’s Ministry of Knowledge Economy and Vietnam’s Ministry of Planning and Investment (MPI). According to vice MPI minister Dao Quang Thu, the award ceremony was a chance to praise…

Exports show their best face to Vietnam

A sharp hike in Korean cosmetics and food exports to Vietnam in recent years has prompted the need for firms from the two countries to step up bilateral investment and trade. Within many activities to celebrate 20 years of diplomatic ties between Vietnam and Korea (December 1992-December 2012), Korea Trade-Investment Promotion Agency (Kotra) hosted Hallyu Korean Wave Products Show from November 6-7, 2012 at Keangnam Garden west of Hanoi. It showcased several dozen booths with more than 40 Korean businesses whose products are favoured by Vietnamese consumers in electronics, household appliances, cosmetics and food. The opportunities for new emerging Asian markets to fuel…

Oil Slips for 3rd Day, IEA Cuts Demand Outlook

U.S. crude futures slipped in early Asian trade on Wednesday, declining for a third day after the International Energy Agency further cut its demand outlook for the fourth quarter and 2013 amid a rebound in oil exports from sanctions-hit Iran. The U.S. benchmark fell 5 cents to $85.33 a barrel by 0028 GMT, after settling 19 cents down and touching an intraday low of $84.57, the lowest since Nov. 9. Brent crude…

Vietnamese consumers more cautious in Q3 2012

Vietnam’s consumer confidence index dipped 8 points to 87 in this year’s third quarter with nine out of ten (91%) Vietnamese changing their spending habits to save more, shows a survey from Nielsen. Consumers’ cautious sentiment increases as 73% of Vietnamese stated this is not a good time to buy things they want and need, […]

Starlake Township Project A Shining Star In Hanoi

Despite the sluggish property market, the Korean-backed Tay Ho Tay Township project is planning to kick-off construction in Hanoi this week. On this occasion, the developer T.H.T Development Company will also announce the new brand name for the project – Starlake. According to the developer, with the agreement from the Hanoi People’s Committee, the project […]