return icon

Prime Minister Nguyen Xuan Phuc greets Chairman of Hana Financial Group Inc.

The Vietnamese Government will create the most favourable conditions for firms from the Republic of Korea (RoK) to operate successfully in Vietnam, Prime Minister Nguyen Xuan Phuc said on November 11.


Prime Minister Nguyen Xuan Phuc (R) and Kim Jung-tai, Chairman of Republic of Korea's Hana Financial Group Inc.



At a reception for Kim Jung-tai, Chairman of Hana Financial Group Inc. of the RoK in Hanoi, the leader welcomed the Korean firm’s operation in Vietnam and said he is delighted that the RoK attaches great importance to Vietnam's role in its New Southern Policy.

The Vietnam-RoK cooperation has recorded strong developments in recent times, and collaboration between Hana Group and the Bank for Investment and Development of Vietnam (BIDV) is a vivid manifestation of this bond, he stressed.

According to PM Phuc, there are more than 6,000 Korean enterprises operating in Vietnam, and about 160,000 Korean nationals living and working in Vietnam. Meanwhile, more than 180,000 Vietnamese people are living and studying in the RoK.

Financial cooperation between the two countries in general, and between Hana Group and the BIDV in particular will bring practical benefits, commensurate with the bilateral economic and trade relations.

RoK firms are strongly expanding their investment in Vietnam, offering a great chance for Hana and the BIDV to further promote their cooperation, he noted, adding that the two sides need to set a goal to push their two-way trade in the coming time.

Kim, for his part, said Hana Group has officially become a strategic shareholder of the BIDV.

He added the group is grateful to the Government, the Prime Minister, ministries and sectors of Vietnam for their support to the cooperation, and that this is a good opportunity for the group and its subsidiaries to promote cooperation and expand business in Vietnam./.VNA


Vietnam demands Taiwan to cancel illegal drills in Truong Sa’s waters

Vietnam resolutely opposes and demands Taiwan (China) to cancel its live-fire exercises in the waters around Ba Binh island that belongs to Vietnam's Truong Sa (Spratly), Vietnamese Foreign Ministry spokeswoman Le Thi Thu Hang stated on December 2.

Make-in-Vietnam cameras have high security, satisfy standards

Make in Vietnam camera manufacturers are enhancing security capability and satisfying requirements on information security set by the Ministry of Information and Communications (MIC) for devices such as cameras and Internet of Things (IoT).

Government plans to rearrange state-owned enterprises till 2025

Deputy Prime Minister Le Minh Khai has signed a decision approving a plan of rearrangement of state-owned enterprises for the period of 2022-2025 in the form of one-member limited company, equitization, re-arrangement and divestment.

Transport Ministry urges new ship channel for large vessels in Mekong Delta

The Ministry of Transport has urged Tra Vinh Province to implement compensation payment for site clearance and resettlement support to build a new ship channel for large vessels in the Hau River.

Toan retains WBA Asia belt against Amparo in Bangkok

Le Huu Toan successfully defended his World Boxing Association (WBA) Asia minimum-weight (48kg) belt during The Challenger event on November 30 in Bangkok, Thailand.

Billions of dollars from foreigners invested in Vietnam’s enterprises

Foreign capital keeps flowing into Vietnam through many different channels, helping investors regain their confidence in the stock market and the economy.

Urban areas, parks to be built on Red River alluvium grounds

Hanoi authorities plan to build new urban areas and eco-friendly housing, and develop open space with parks, urban squares and flood parks on thousands of hectares on the alluvium grounds of the Red River area.

Target of 1 million social housing units difficult to reach

The goal of developing 1 million social housing units may not be feasible.

Ministry to control rice import management

The Ministry of Industry and Trade (MOIT) fears the high level of rice imports and the failure to control imports will affect domestic production.

Gambling soars during World Cup

Football betting is taking place in the open air at venues where people gather to watch World Cup matches, or quietly online.

Michelin Guide to announce first Vietnamese restaurant selections

Hanoi and Ho Chi Minh City have been selected by Michelin as the latest destinations joining the international selection, as compiled by the Michelin Guide.

Ministry to crack down on Internet ads violations

The Ministry of Information and Communications held a conference in Hanoi on November 30 to roll out Internet advertising management measures.

Seven-day Tet holiday fixed for State employees

Officials, civil servants, public employees and workers of State administrative and socio-political organisations will enjoy a seven-day Lunar New Year (Tet) and four-day National Day holidays next year.

Vietnam has opportunity for energy transition towards green growth

Vietnam boasts substantial potential for wind power, particularly offshore wind power, providing an opportunity for the country to fulfill its energy transition target towards green growth.

PM requests combined efforts to combat IUU fishing

Prime Minister Pham Minh Chinh called for concerted efforts to fight illegal, unreported and unregulated (IUU) fishing while chairing a teleconference with 28 coastal provinces and cities on December 1.