HANOI, May 18 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group expects sales of Samsung Electronics Co. and three other units in Vietnam to spike more than 30 percent on-year in 2017 on its strong smartphone business, sources said Wednesday. Samsung Electronics, Samsung Display Co., Samsung Electro-Mechanics Co. and Samsung SDI Co. are targeting [...]
SEOUL, May 15 (Korea Bizwire) – LG Electronics has partnered with Vietnam’s leading state-run broadcaster, HTV7, to market its premium line-up of home appliances through a local entertainment program. According to the company, the show titled Smart Wives premieres on May 16, to be aired for the next thirteen weeks. In the show, two local [...]
SEOUL, May 4 (Korea Bizwire) – Last week, Nguyen Xuan Cuong, Vietnam’s Minister of Agriculture and Rural Development, rushed to a Samsung Electronics plant in Bac Ninh requesting that the South Korean company boost its purchases of pork amid a supply glut that has been destabilizing the local market. Cuong has become anxious over plummeting [...]
SEOUL, April 28 (Korea Bizwire) – The three-year-old free trade agreement with Vietnam will allow South Korean companies to further increase their auto, steel and petrochemical exports on tax removal or cuts, customs experts said Thursday. In a seminar held at the Korea Chamber of Commerce and Industry (KCCI) in central Seoul, customs experts called [...]
HANOI, Apr. 3 (Korea Bizwire) — Vietnam’s decision to slap anti-dumping duties on galvanized steel products from South Korea could hurt efforts to expand market presence in the key Southeast Asian country, industry sources in Hanoi said Sunday. According to the Korea Trade-Investment Promotion Agency (KOTRA), Vietnam will be levying stiff import duties on South Korean [...]
HANOI, Feb. 9 (Korea Bizwire) – Vietnam’s prime minister on Thursday asked for increased investment from South Korean firms, promising to improve the corporate environment for foreign corporations. In a meeting with Park No-hwang, president and CEO of Yonhap News Agency, Vietnamese Prime Minister Nguyen Xuan Phuc asked that Korea “maintains the lead in foreign [...]
ULSAN, Feb. 3 (Korea Bizwire) – Koreans may share the same ancestors as Vietnamese, if we go back far enough. Life sciences professor Bhak Jong-hwa from UNIST, who is also the director of UNIST’s Genomics Institute, announced Thursday the results of a study on the ancient DNA of two 7,700-year-old women discovered in the Devil’s [...]
SEJONG, Dec. 26 (Korea Bizwire) – South Korea’s exports to Vietnam and New Zealand rose over the past year to a large extent on the back of the implementation of bilateral free trade pacts amid sluggish global demand, latest customs data showed Monday. Outbound shipments of South Korean-made goods to Vietnam jumped 15.2 percent on-year [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea must work to boost shipments of consumer goods to Vietnam to maintain the growth of its exports to the world’s third-largest destination for South Korean goods, a report said Thursday. The report from the Korea International Trade Association (KITA) noted Vietnam’s own exports were expected to shrink [...]
SEOUL, Nov. 1 (Korea Bizwire) – Vietnam has become the largest importer of Korean ginseng in Southeast Asia, a market that China is aggressively chasing to erode Korea’s lead, a trade group said Tuesday. According to the Ho Chi Minh office of the Korea Trade-Investment Promotion Agency (KOTRA), South Korea exported 1,362 tons of ginseng [...]