SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, will build a welfare center in Vietnam by donating 600 million won (US$524,000) to a local fundraising agency, a company official said Friday, the latest in a series of global corporate social responsibility activities. The center — to involve the remodeling of [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s stock market operator said Wednesday it has signed a contract with its Vietnamese counterpart to set up the IT infrastructure for the Southeast Asian nation’s equity trading. Under the deal with the Hochiminh Stock Exchange (HoSE), the Korea Exchange (KRX) will offer a set of programs based [...]
SEOUL, Oct. 14 (Korea Bizwire) – South Korea’s exports to Vietnam have more than doubled over the past five years, making it the world’s third-largest importer of South Korean products, a report said Friday, urging local exporters to turn their gaze to newly emerging markets such as Vietnam. In 2015, the country’s outbound shipments to [...]
BANGKOK, Thailand, Oct. 13 (Korea Bizwire) – The recent Samsung troubles have weighed heavily on Vietnam’s exports, as the country serves as one of the major production hubs for the smartphone giant. According to a local source, Vietnam’s September exports amounted to $15 billion, a 6.8 percent decline from August, while exports specific to smartphone [...]
SEJONG, Sept. 27 (Korea Bizwire) – Smuggling by airline crews has been increasing, mostly from gold bars snuck in by staff on Vietnamese carriers, a customs agency tally showed Tuesday. A report submitted by the Korea Customs Service to ruling party Rep. Park Myung-jae said the monetary value of items smuggled in by flight crews [...]
SEOUL, Sept. 8 (Korea Bizwire) – E-Mart Co., South Korea’s largest discount chain, on Thursday said it will sign an agreement with Ho Chi Minh City to invest US$200 million in the area that serves as the country’s commercial hub. The memorandum of understanding (MOU), to be sealed on Friday, establishes a strategic partnership between [...]
SEOUL, Aug. 25 (Korea Bizwire) – South Korea’s exports to Vietnam have spiked over 10 percent so far this year, making it the world’s third-largest importer of South Korean goods, data showed Thursday. In the January-July period, shipments to Vietnam jumped 10.1 percent on-year to US$18.02 billion, according to the data from the Korea International [...]
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 [...]
SEOUL, July 20 (Korea Bizwire) — South Korean firms operating in Vietnam have yet to yield profits expected of the amount of investment they have made in the emerging market, a trade report released Wednesday said. South Korean companies invested an aggregate total of US$15 billion in Vietnam as of the end of last year, [...]
BOEUN, June 11 (Korea Bizwire) – There’s an unfamiliar face working alongside Korean farmers at Mr. Song’s garlic farm in a peaceful town in Boeun County, North Chungcheong Province. His name is Tran, and he’s a 45-year-old Vietnamese citizen who arrived in Korea last week to help out with Song’s farming operation. Tran was recommended [...]