PM Nguyen Xuan Phuc (R) and General Director of Doosan Vina Park Hoong Ook - Photo: VGP During a reception for General Director of Doosan Vina Park Hoong Ook in Hanoi on January 17, the PM congratulated Doosan Vina on its success in Vietnam, especially in terms of manufacturing and the export of heavy industrial equipment. Vietnam will increase its investment in infrastructure development in the central region to promote economic development, he affirmed, expressing his hope that Doosan Vina’s operation would contribute to fostering the multifaceted cooperation between Vietnam and the Republic of Korea (RoK). For his part, Park Hoong Ook praised the Vietnamese Government’s efforts in solving all difficulties facing enterprises, including Doosan Vina. He said that Doosan Vina wishes to make more contributions to Vietnam’s economic development, especially joining in industrial projects, thus improving the capacity of Vietnam’s manufacturing and mechanical … [Read more...] about Doosan Vina urged to expand operation in Vietnam
Rok in vietnam
The Hanoitimes - The Lunar New Year Festival (Tet) is a golden opportunity for foreigners living, working and touring this time of year to gain a better understanding of the country’s customs, traditions, and people. In interviews given to reporters from Radio Voice of Vietnam, foreigners expressed differing feelings and impressions about Tet but they all expressed they shared the joy of the Vietnamese people. Jamie Coville, a bartender from New York City, who has travelled to Vietnam four times, shared he thoroughly enjoys Tet with its colourful decorations and exquisitely delicious food. Jamie also loves the excitement and bustling atmosphere of Hanoi that seems to come even more animated and alive in the run up to Tet. “I leave Vietnam on Monday after one month of visiting. I do not really want to leave this beautiful place. But fortunately, I still have chance to go out to watch firework display on New Year’s Eve,” he noted. “Happy … [Read more...] about What do foreigners think about Tet in Vietnam?
The Vietnam-Korea Business Forum Spring 2018 was also held to devise measures to expand trade and investment promotion between the two countries, striving to reach bilateral trade turnover worth US$100 billion by 2020. Speaking at the forum, Deputy Minister of Planning and Investment Le Quang Manh said that the relationship between Vietnam and the RoK has developed to become increasingly beneficial for both sides with stable growth and impressive results. Starting from what was mainly the outsourcing projects in the light industry sector, Korean enterprises are now playing an important role in several key economic sectors in Vietnam, such as electronics, energy, automobile manufacturing, garments, and construction. The RoK is currently Vietnam’s largest FDI partner with more than 6,760 valid projects in the Southeast Asian country, worth a total registered investment capital of US$59 billion. Regarding trade, the RoK has become the second largest trading partner of Vietnam and in … [Read more...] about Business forum boosts Korean investment in Vietnam
(VEN) - Some 100 charter flights between Vietnam’s southern Can Tho city and major cities in China, Japan, the Republic of Korea (RoK) and other Asian countries will be launched in the coming months as package tour operators increase the use of charter flights to and from Vietnam. A total of 28 charter flights between Can Tho and Thailand’s capital Bangkok will be launched during the June-August period, serving some 5,000 passengers, the World Transportation Services Joint Stock Company (WorldTrans) said. Jetstar Pacific announced that it would operate charter flights to China during the third quarter of this year. In July and August 2018, the airline will offer additional charter flights from Da Nang to Fuzhou twice weekly. Vietjet revenues from leasing air charters have surged from VND412 billion in 2014 to more than VND2.63 trillion in 2016. On average, one in every four of its flights is an air charter. Charterer flight buyers benefit from fast airport check-in and … [Read more...] about Charter flights take off in Vietnam
Korean retail giant Lotte is considering whether to open more stores in major Vietnamese cities, including the capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City. A store of Lotte in Vietnam (Photo: VNA) Hotel Lotte Co., a hotel and duty-free operator of Lotte, said the operating profit of its duty-free unit plummeted to a record low in 2017 amid a diplomatic row between the Republic of Korea (RoK) and China over a US missile defence system. Lotte Duty Free's operating income was 2.5 billion won (2.4 million USD) in 2017, with sales reaching 5.45 trillion won. The weak bottom line was widely forecast as the retailer has been suffering from China's apparent retaliation over the deployment of the Terminal High Altitude Area Defence (THAAD) battery here. The company said its profitability is expected to improve as it moves to stabilise its businesses at home and abroad, adding that it will focus on strengthening the competitiveness of its duty-free … [Read more...] about Lotte considers opening more stores in Vietnam