samsung commits 356 bn in investments with 80000 new jobs

Samsung commits $356 bn in investments with 80,000 new jobs

South Korean conglomerate Samsung Group on Tuesday unveiled a massive 450 trillion won ($356 billion) investment blueprint for the next five years aimed at making it a frontrunner in a wide range of sectors from semiconductors to biologics.
samsung electronics q1 net profit up almost 60 percent

Samsung Electronics Q1 net profit up almost 60 percent

South Korean tech giant Samsung Electronics posted a near 60 percent rise in first-quarter net profits on Thursday, largely driven by steady memory chip demand and brisk smartphone sales.
steelmakers deny advantage from anti dumping fix

Steelmakers deny advantage from anti-dumping fix

South Korean group Posco VST, which owns the biggest cold rolling steel plant in Vietnam, is likely to gain benefits from anti-dumping measures on some cold-rolled stainless steel products – however, both the company and the Ministry of Industry and Trade have denied a monopolitic stance in the market.
vietnam creates favourable conditions for hana banks long term investment deputy pm

Vietnam creates favourable conditions for Hana Bank’s long-term investment: Deputy PM

The Vietnamese Government is always willing to create favourable conditions for Korean businesses, including Hana Financial Group and Hana Bank, to invest and do long-term business in Vietnam in the spirit of harmonious benefit and risk sharing, Deputy Prime Minister Le Minh Khai has said.
hana financial acquires stake in bidv securities

Hana Financial acquires stake in BIDV Securities

The South Korean financial group Hana Financial Investment acquired a 35 per cent stake in BIDV Securities (BSC) on April 25.
koreans adding to trade confidence

Koreans adding to trade confidence

Vietnam is expected to welcome new funding worth billions of US dollars from expansive trade with South Korea, thanks to the latter joining a major multi-nation agreement and establishing a new cooperation framework with the latter.
south korean banks in vietnam reported 172 million in profits in 2021

South Korean banks in Vietnam reported $172 million in profits in 2021

Following a successful 2021, several South Korean banks are showing an interest in growing their presence in Vietnam.
hanoi to host korean culture road festival

Hanoi to host Korean culture road festival

A Korean culture road festival organised by the Embassy of Republic of Korea (RoK) in Vietnam will be held in Hanoi from April 16 and April 17, reported the Voice of Vietnam (VOV).
reopening pressures space for ventures

Reopening pressures space for ventures

Although many South Korean investors were overjoyed with the reopening of international borders, land plots are increasingly rare in Vietnam due to limited supply and slow land clearance, pushing prices up.
samsung forecasts q1 operating profit up 503 year on year

Samsung forecasts Q1 operating profit up 50.3% year-on-year

Samsung Electronics expects operating profits for the first quarter to rise 50.3 percent, the South Korean tech giant said in a statement Thursday, despite global supply chain woes.
dien bien province korean partners cooperate in different fields

Dien Bien province, Korean partners cooperate in different fields

The northern province of Dien Bien have signed memoranda of understanding on cooperation with the Vietnam-Korea Business and Investment Association (VKBIA), the Korea Chamber of Business in Vietnam (Korcham) and businesses from the Republic of Korea (RoK).
korean banks buckle up for expansion

Korean banks buckle up for expansion

The four largest financial behemoths of South Korea are attempting to advance in Vietnam, highlighting the country’s robust development prospects.
investors of hai lang power plant urges retaining original schedule

Investors of Hai Lang power plant urges retaining original schedule

The group of investors of the first phase of the Hai Lang power plant insists to start commercial operations in 2026-2027, instead of 2040 as mentioned in the draft Power Development Plan VIII (PDP8).
south korean insurers exploit big growth potential

South Korean insurers exploit big growth potential

South Korean insurers are conveying tremendous efforts to embrace Vietnam’s insurance industry, citing the country’s plethora of growth outlook.
new trade to boost korean interests

New trade to boost Korean interests

With Vietnam and South Korea agreeing on a plan to lift their bilateral relationship to a new framework this year, both nations’ trade and investment ties are also expected to see a brighter shared outlook on the back of a fresh new trade agreement.