HANOI, Vietnam, May 11 (Korea Bizwire) — For the past two years, the pandemic has disrupted normal operations and supply chains across the globe and the textile industry is no exception. However, thanks to the governments’ efforts in post-COVID-19 economic recovery strategies, the world’s textile manufacturing sector this year is witnessing recovery signals. Vietnam is [...]
SEOUL, April 25 (Korea Bizwire) — South Korean brokerage house Hana Financial Investment Co. said on Monday that it signed a deal to purchase 35 percent stake in Vietnam-based brokerage BIDV Securities Co. The 142 billion won (US$113.8 million) deal makes Hana Financial the second largest shareholder of BIDV Securities, bolstering its presence in the [...]
HANOI, Vietnam, April 7 (Korea Bizwire) — The top fashion brand in Vietnam – IVY moda – will host a digital fashion show – “Mo Nhuom Nang” (Dreams glowing in the light of hope) Spring-Summer 2022 to celebrate its 17th year in business. This would be IVY moda’s first digital fashion show ever that will [...]
HANOI, Vietnam, March 8 (Korea Bizwire) — Sun Group announced the launch of SUN AIR, the very first luxury business aviation service company in Vietnam to offer aircraft management and private jet charter. Providing the utmost in comfort, convenience, and privacy, Sun Air is elevating luxury air travel in Vietnam to new heights. Whether clients [...]
DAEJEON, Feb. 25 (Korea Bizwire) — The Korea Minting, Security Printing & ID Card Operating Corp. (KOMSCO) said Thursday it will begin selling the Park Hang-seo commemorative medal, released in South Korea last year, in Vietnam as well. The medal celebrating Park, the South Korean head coach of the Vietnamese men’s national football team, depicts [...]
SEOUL, Feb. 22 (Korea Bizwire) — The Ministry of Oceans and Fisheries said Monday that it will start an official development assistance (ODA) project that will establish a shellfish farm in Northern Vietnam and transfer relevant technology. The Korea Forest Service plans to utilize a 330-hectare mangrove forest that is being established in Vietnam as [...]
SEOUL, Feb. 16 (Korea Bizwire) — Samsung Electronics Co. has relocated some of the smartphone production lines operated by its partner companies in overseas countries back to South Korea, industry sources said Tuesday, the move came after some of the company’s overseas plants suffered production disruptions due to the COVID-19 pandemic. Some production lines run [...]
SEOUL, Feb. 8 (Korea Bizwire) — About one-half of the South Korean companies operating in Vietnam reported a decline in both their financial results and facility utilization rate last year due to the impact of the COVID-19 pandemic. According to a report released by the Korea Institute for Industrial Economics and Trade, 46.5 percent of [...]
HO CHI MINH CITY, Viet Nam, Jan. 30 (Korea Bizwire) — Neeyamo Inc., a leading technology-enabled global payroll solution provider for multinational and micro-multinational corporations worldwide, announces its expansion in the Asian market with its latest presence in Vietnam as a part of its overall global expansion strategy. After successfully establishing a presence in all [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean businesses’ investment in Vietnam, a centerpiece of South Korea’s New Southern Policy, has declined sharply amid weakened investment sentiment. According to statistics released by the Vietnamese Ministry of Planning and Investment, the number of South Korea’s investments in Vietnam totaled 1,942 cases last year, down 30.3 percent [...]