curbs fail to faze south korean ma

Curbs fail to faze South Korean M&A

Despite a general slowdown in foreign direct investment stemming from South Korea during the pandemic, investors from the country are nevertheless continuing their acquisition spree in Vietnam, with millions of US dollars being spent snapping up local groups.
singapore based carousell becomes southeast asias latest unicorn

Singapore-based Carousell becomes Southeast Asia's latest unicorn

Carousell, the parent company of Vietnam's online classified site Cho Tot, has become Souhteast Asia's youngest billion-dollar startup after raising $100 million in a new funding round led by South Korean private equity firm STIC Investments.
shinhan life vietnam supports covid 19 fight

Shinhan Life Vietnam supports COVID-19 fight

Accompanying the Vietnamese people in the fight against the COVID-19 pandemic, South Korean-backed life insurer Shinhan Life Vietnam has recently donated VND150 million ($6,520) to the Pandemic Prevention Support Fund of University Medical Centre Ho Chi Minh City (UMCH).
rok tourism agency in vietnam launches online dance contest amid covid 19

RoK tourism agency in Vietnam launches online dance contest amid COVID-19

The Vietnam Office of the Korean Tourism Organisation (KTO) has launched a dance contest with the participation of ITZY, a girl group of the Republic of Korea (RoK), on Tiktok video-sharing focused social networking service.
thua thien hue korean firm cooperate in smart city development

Thua Thien-Hue, Korean firm cooperate in smart city development

The People’s Committee of the central province of Thua Thien-Hue has signed a memorandum of understanding (MoU) on cooperation in smart city development with the Korea Land & Housing Corp.
korean consortium close to winning 48 billion hai lang lng power plant

Korean consortium close to winning $4.8 billion Hai Lang LNG power plant

The consortium of Korea Gas Corporation (KOGAS), Hanwha Energy Corporation, Korea Southern Power, and T&T Group from Vietnam is currently awaiting the final nod from the Vietnamese government for its $4.8 billion bid for Hai Lang LNG power plant in Quang Tri province.
hyosung vina chemicals proposes removing import tax on propane

Hyosung Vina Chemicals proposes removing import tax on propane

Hyosung Vina Chemicals Co., Ltd., a South Korean-invested chemicals company with about $1.3 billion investment in Vietnam, is waiting for the Ministry of Finance’s approval to remove the 2 per cent import tax on propane, a material used for propylene production.
south koreans strive to keep hold of production presence

South Koreans strive to keep hold of production presence

Despite Vietnam’s prolonged trade deficit with South Korea and continuing complexities with the pandemic, the latter is boosting its investment and exports to the former for production and re-export to take advantage of tax cuts under a trade pact.
samsung vietnam helps local firms join global supply chain

Samsung Vietnam helps local firms join global supply chain

Leaders of the northern province of Bac Ninh and Samsung Vietnam on August 26 made a trip to evaluate the results of the two enterprises including Hanpo Vina Joint Stock Company and Thinh Vuong Manufacturing and Trading Co Ltd participating in the "domestic business improvement consulting programme".
samsung to invest 206 billion in semiconductors displays and biopharmaceuticals

Samsung to invest $206 billion in semiconductors, displays, and biopharmaceuticals

South Korean conglomerate Samsung Group targets to invest around $206 billion over the next three years in sectors like semiconductors, displays, and biopharmaceutical products.
foreign lenders offer up new capacities in vietnam

Foreign lenders offer up new capacities in Vietnam

Taiwanese and South Korean financial institutions are pinning their faith on Vietnam’s equity market thanks to the tremendous growth opportunities, underpinned by the greater demand and skyrocketing liquidity in the country’s stock exchange landscape.
kb kookmin bank provides 100 million loan for solar project led by ecp

KB Kookmin Bank provides $100 million loan for solar project led by ECP

The largest South Korean lender, Kookmin Bank, announced that it will join other international financial institutions in a $840 million syndicated loan package to finance a solar power project.
samsung refutes news of halting operation at saigon hi tech park

Samsung refutes news of halting operation at Saigon Hi-tech Park

South Korean giant Samsung has disclaimed rumours that it has halted operations at the manufacturing facility at Saigon Hi-tech Park that went viral a few days ago.
making the most of south korean demand

Making the most of South Korean demand

During the past several months Synic Solution Co., Ltd, a South Korean fabless semiconductor manufacturing company, has been looking for a domestic company to establish a joint venture in order to exploit the potential of the semiconductor manufacturing sector in Vietnam. The company currently provides various foundry solutions such as Magnachip and others, and also supplies magnetic strip readers, receivers, and controllers which are developed through coworking with its partners.
improving for south korean groups

Improving for South Korean groups

South Korea wants to upgrade its diplomatic relations with Vietnam to a comprehensive strategic partnership. Shon Young Il, chairman of the Korean Chamber of Commerce and Industry in South and Central Vietnam, told VIR’s Thanh Van about the partnership between the two countries and how South Korean investors in Vietnam have been handling the pandemic.