SEOUL, Feb. 11 (Korea Bizwire) — South Korea’s state overseas aid agency said Thursday that it plans to inject US$6.4 million into Vietnam’s efforts to enhance industrial energy efficiency and promote environmentally friendly growth until 2025. The funds will be used to examine about 20 energy-intensive businesses in Vietnam to check their energy efficiency and [...]
SEOUL, Feb. 8 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, will make an additional US$750 million investment in its plant in Vietnam, news reports showed Monday, as the company eyes expanding OLED panel productions. The city of Hai Phong approved LG Display’s latest investment plan for its plant [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea’s overseas aid agency has decided to support smart city technology for Hue, an ancient citadel located in Thua Thien-Hue Province in Vietnam. The Korea International Cooperation Agency (KOICA) recently announced that it had signed a record of discussion (RD) with the provincial government to help promote the [...]
SEOUL, Jan. 12 (Korea Bizwire) — Kolon Industries, a South Korean industrial materials company, said Tuesday it will expand its tire cord plant in Vietnam to increase exports of the product from the Southeast Asian country. Kolon Industries will invest 68 billion won (US$62 million) in its wholly owned Kolon Industries Binh Duong Company Ltd. [...]
SEOUL, Dec. 4 (Korea Bizwire) — Vietnam will allow coronavirus quarantine exemptions to business travelers and their families from South Korea from the beginning of next year as part of efforts to shore up economic exchanges despite the pandemic, the foreign ministry said Friday. The two countries reached the agreement when Seoul’s Second Vice Foreign [...]
HO CHI MINH CITY, VIETNAM, Nov. 30 (Korea Bizwire) – For its almost 100 per cent success rate in straight-through processing, the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB)has received the MT202 and MT103 STP awards for international payment servicesfrom J.P. Morgan Chase Bank. This is the third year in [...]
HO CHI MINH CITY, VIETNAM, Nov. 3 (Korea Bizwire) – The HCM City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) reported pre-tax profits (separately) of VND3.615 trillion (US$155.5 million) for the first nine months of the year, a year-on-year increase of 31.9 per cent and equivalent to 107 per cent of the target. The [...]
SEOUL, Nov. 2 (Korea Bizwire) – LG Electronics Inc., a major home appliance maker in South Korea, on Monday reaffirmed a plan to build its second research and development (R&D) center in Vietnam as it tries to expand its presence in the Southeast Asian market. LG recently signed an agreement with Vietnamese real estate developer [...]
SEOUL, Oct. 18 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea’s top conglomerate, plans to visit Vietnam this week, his second overseas business trip this year after returning from Europe last week, industry sources said Sunday. According to the sources, Lee will depart for Vietnam on Tuesday [...]
SEOUL, Oct. 13 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, said Tuesday that it has signed a deal to supply half shafts to Vietnamese startup VinFast next year for its first electric vehicles. The auto parts to be built by Erae Automotive Systems Co., a small South Korean auto parts [...]