RoK firms funnel 12 billion USD into Viglacera’s industrial parks

Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).
RoK firms funnel 12 billion USD into Viglacera’s industrial parks ảnh 1Tien Hai Industrial Park in Thai Binh province (Photo: VNA)
Hanoi (VNA) – Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from theRepublic of Korea (RoK).

With sound technical infrastructure and services, the parks have won favouramong reputable businesses such as Samsung, Amkor, Hyosung, Kortek, and AnamElectronics.

Chairman of the Korea Chamber of Business in Vietnam Hong Sun said he will workclosely with Viglacera to promote investment in the latter’s industrial parks.

This year, Viglacera will attract investments specifically to Tien HaiIndustrial Park (Thai Binh province), Phong Dien Industrial Park (Thua Thien –Hue province), and Thuan Thanh 1 Industrial Park (Bac Ninh province), whereinfrastructure has been developed in a uniform and modern fashion.

The Corp has invested in 11 industrial parks in Vietnam and one economic zonein Cuba, which all have lured 16 billion USD in FDI from more than 300domestic and foreign enterprises.

The number of Viglacera industrial parks is expected to increase to 20 by 2025.

The RoK has become an increasinglyimportant partner of Vietnam as its investments meet the Southeast Asiancountry’s development strategy.

Investmentfrom the RoK in Vietnam is expected to accelerate in the near future, includingmany large-scale projects worth up to billions of US dollars as a seriesof memorandums of understanding (MoUs) on cooperation between the twocountries' ministries, sectors, and businesses was signed at the Vietnam - RoKBusiness Forum that took place in June within the framerwork of the state visitto Vietnam by the RoK’s President Yoon Suk Yeo./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.