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Seoul, Hanoi Agree to Boost Economic Cooperation

Seoul, Hanoi Agree to Boost Economic Cooperation

SEOUL, April 17 (Korea Bizwire) – The economic chiefs of South Korea and Vietnam agreed Tuesday to boost economic cooperation, with the aim of raising their bilateral trade to over US$100 billion by 2020, Seoul’s finance ministry said. During a meeting with Vietnamese counterpart Dinh Tien Dzung, Finance Minister Kim Dong-yeon called on the Vietnamese government to allow more South Korean firms to participate in the [...]

South Korean Electric Motorcycle Maker Ventures into Vietnam

South Korean Electric Motorcycle Maker Ventures into Vietnam

SEOUL, June 28 (Korea Bizwire) – An ambitious South Korean SME is making a foray into the Vietnamese electric vehicle market. MBI, a company that specializes in producing automobile transmissions, announced plans on Tuesday to invest 113.5 billion won to build electric vehicle manufacturing plants in partnership with local investor N&G at the Hanoi South [...]

Korean Electronics Firms Double Down on Vietnam Investment

Korean Electronics Firms Double Down on Vietnam Investment

HANOI, Vietnam, Aug. 9 (Korea Bizwire) – Vietnam is becoming an increasingly attractive manufacturing location for Korean electronics makers.  “Labor costs in Vietnam are inexpensive, with a labor force more than 54 million strong. The conditions for industrial investment are still good,” said Park Byeong-guk, vice director of the Korea Trade-Investment Promotion Agency’s regional branch [...]

272m High-Rise Skyscraper “Lotte Center Hanoi” Ready for Grand Opening

272m High-Rise Skyscraper “Lotte Center Hanoi” Ready for Grand Opening

SEOUL, Aug. 29 (Korea Bizwire) — After five years since its groundbreaking, “Lotte Center Hanoi,” the 272-meter-high skyscraper in Hanoi constructed by Lotte Group, is finally ready for grand opening on Vietnam’s National Liberation Day, September 2. According to Lotte Asset Development on August 27, what will be the landmark of Vietnam’s capital city with 14,000 square [...]