The Deputy PM affirmed that the Vietnamese Government consistently encourages RoK businesses to expand investment in areas where the RoK holds strengths and Vietnam has high demand, such as high technology, electronics, semiconductors, and artificial intelligence (AI).

Deputy Prime Minister Nguyen Hoa Binh addresses the Vietnam-RoK investment cooperation forum at the National Innovation Centre (NIC) in Hanoi on November 21.

He noted that over the past more than three decades of diplomatic ties, the friendship and cooperation between Vietnam and the RoK has been thriving, based on mutual trust along with shared values and strategic interests, enabling the two nations to work towards sustainable and mutually beneficial goals in all fields, including economy, diplomacy, security, defence, education, and sci-tech.

The Deputy PM highlighted the sound economic collaboration between the two countries, with Vietnam ranking as the RoK's largest trade partner in ASEAN and one of its top three global economic partners. In turn, the RoK is Vietnam's leading foreign investor, with nearly 10,000 projects and over 87 billion USD in registered capital.

Deputy PM Binh called for increased collaboration among small and medium-sized enterprises (SMEs) from the two countries, based on the spirit of "harmonised benefits and shared risks".

He also underlined Vietnam's guarantees in recognising foreign investment as vital to the economy, ensuring the legitimate rights of investors, maintaining a stable, business-friendly environment, as well as upholding the country's principles of mutual understanding, shared vision, and collective success.

The Vietnamese Deputy PM also called for support in integrating Vietnamese businesses into global value chains and establishing Vietnam as a hub for research, development, and technological innovation.

RoK companies step up investment in hi-tech industries in Vietnam

Investment of the Republic of Korea (RoK) in Vietnam has gradually expanded from heavy industries to a wide range of high-tech industries, significantly contributing to the development of the manufacturing industry and high technology transfer between the two countries, according to the Korean Chamber of Commerce in Vietnam (KOCHAM).

RoK's Lotte Group to donate 120,000 USD for Vietnam's post-typhoon recovery

The Republic of Korea (RoK)’s Lotte Group announced on September 24 that it will donate 160 million KRW (about 120,000 USD) to help Vietnam's northern provinces to overcome the consequence of typhoon Yagi and subsequent flooding.

Vietnam, RoK bolster SME cooperation

Vietnam’s Ministry of Planning and Investment (MPI) and the Republic of Korea (RoK)’s Ministry of Small and Medium size Enterprises (SMEs) and Startups convened the first meeting of their bilateral cooperation committee in Hanoi on August 28, aiming to enhance collaboration between the two countries' SMEs and startups.

Vietnamese included in RoK's emergency alerts

The Republic of Korea (RoK)'s Ministry of Interior and Safety (MOIS) on August 26 announced that its emergency alert app, "Emergency Ready," will now support alerts in five languages, including Vietnamese.

Vietnam, RoK forge ahead in semiconductor cooperation

The Korea Trade and Investment Promotion Agency in Hanoi (KOTRA Hanoi), part of the Embassy of the Republic of Korea (RoK) in Vietnam, held a conference on Vietnam-RoK cooperation in the semiconductor industry on August 6.