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Update news south korea

Vietnam’s banking sector becomes more attractive to investors

Growing attractiveness of Vietnamese banks' shares is thanks to a positive revamp and strong outlook of the sector, particularly as Vietnam is accelerating global economic integration.

Vietnam, S. Korea target US$100 billion trade by 2020

Vietnam and South Korea considered ways to bolster trade and investment ties to bring their bilateral trade to US$100 billion next year at the Vietnam-South Korea Business Summit last Friday.


Vietnam's US$700-million cashless payment network to be operational next year

As of present, just 40% of citizens in Vietnam have bank accounts. However, 90% of daily transactions are conducted in cash, while the rate goes up to 99% for transaction worth under VND100,000 (US$4.34).

Giants of South Korea make immediate impact

There will be no need to wait until next year to see new waves of South Korean investment into Vietnam, as new developments take shape on the back of the latest moves from the governments of the two countries.

Photos of South Korea's Baekje Historic Areas on show in Hanoi

A photo exhibition was opened at the Korean Cultural Center in Hanoi on November 4 to introduce South Korea’s Baekje Historic Areas, a 1,500-year-old historical site that has been recognized by UNESCO as world heritage.


PPPs take on South Korean flavour

With Vietnam as a focus of President Moon Jae-in’s New Southern Policy, South Korea is supporting the country’s development of the legal framework on public-private partnership investment.

Sulli, 25-year-old K-pop star, found dead at home in Seongnam

K-pop star Sulli, formerly of the band f(x), has been found dead at her home. 

South Korean securities immersed in M&A deals

Financiers from South Korea are taking over Vietnam’s securities firms at a breakneck pace, as part of their quest to gain ­access to the fast-growing ­financial market in the ­country.

Vietnam affirms commitment to Mekong-Japan cooperation

Deputy Prime Minister and Foreign Minister Pham Binh Minh has affirmed Vietnam’s commitment to coordinating with Japan and other Mekong countries in implementing the Tokyo Strategy 2018 for Mekong-Japan Cooperation.

South Korea to help improve Vietnamese rice quality

South Korea will provide 5 billion won (USD4.5 million) to help improve the rice quality in Vietnam’s Red River delta region.

South Korea, a strategic partner for Vietnam's fintech development

Vietnam is seeking for opportunities to grow its fintech market from FDI, and South Korea is by far one of the most promising strategic partners to boost fintech innovation thanks to its large number of commercial banks operating in Vietnam.


South Korea suspends Vietnamese workers from 40 districts

South Korea has temporarily stopped receiving workers via the Employment Permit System from 40 districts of Vietnam, according to an announcement by the Ministry of Labour, Invalids and Social Affairs on Saturday.

More South Korean firms enter finance & banking market

Korean banks are increasing their presence in Vietnam, betting on the growth potential of the emerging market, especially when and if limits on foreign ownership ratio are removed.

South Korea turning away from dog meat trade

 Tori, a five-year-old black mongrel with an expressive, happy face, has enjoyed a rags-to-riches change of fortune.

Garment industry has high expectations for South Korean market

VietNamNet Bridge - Vietnam’s textile and garment exports to South Korea are expected to increase by 20 percent this year and continue rising in upcoming years.

Vietnam competes with China to become top garment exporter in South Korea

Vietnam became the second largest textile and garment supplier in South Korea, just after China, with export turnover of $1.5 billion in the first seven months of the year. The number 1 position, according to analysts, is within reach.

Inbound tourism still heavily reliant on China, South Korea

 The local tourism industry witnessed a 27.2% upsurge of international arrivals during the first half of 2018, though it was noted that the inbound tourism segment remains heavily reliant upon the two source markets of China and South Korea.

Vietnam promising market for foreign cosmetics manufacturers

Vietnamese youth, who account for 60 percent of the total population, are a promising market for health and beauty products. The industry has an average growth rate of 30 percent per annum. 

More Vietnamese prefer traveling to Japan, South Korea

 Japan and South Korea are among the most favorite destinations for the Vietnamese as more local tourists will opt for these two northeast Asian nations when it comes to traveling abroad.