Vietnam vows to partner with Korean firms to overcome hardship: Minister

Vietnam pledges to work closely with countries, including the Republic of Korea (RoK), to overcome difficulties amid the COVID-19 pandemic, said Minister - Chairman of the Government Office Mai Tien Dung.
Vietnam vows to partner with Korean firms to overcome hardship: Minister ảnh 1Minister - Chairman of the Government Office Mai Tien Dung (standing) speaks at the event (Photo: VNA)
Hanoi (VNA) – Vietnam pledges to work closely withcountries, including the Republic of Korea (RoK), to overcome difficulties amidthe COVID-19 pandemic, said Minister - Chairman of the Government Office MaiTien Dung.

During a dialogue in Hanoi on July 17 between the Prime Minister’sAdvisory Council for Administrative Reform and the Korean business community inVietnam, Dung said since the beginning of this year, the Government has cut down239 business conditions, raising the total to almost 3,900 out of nearly 6,200.

The Government of Vietnam also slashed 6,776 out of 9,926 administrativeprocedures, as well as 30 out of 120 specialised administrative procedures.

In particular, the Government also issued DecreeNo.45/2020/ND-CP on handling administrative procedures on electronic platform,cutting and simplifying at least 20 percent of regulations and 20 percent ofcosts related to business operations during the 2020-2025 period.

Together with the opening of the National Reporting Centreon August 15, the 1,000th public service related to motorbike andautomobile registration is expected to be launched on the national publicservice portal, he said.

Korean Ambassador to Vietnam Park Nok-wan, for his part,suggested that the council should soon build a mechanism to normalise bilateralexchanges following the pandemic, assist key staff in entering Vietnam forwork, shorten quarantine time, and minimise red tape.

He proposed the Government extend the support time forbusinesses and improve protection role of Vietnamese trade agencies.

Expressing his belief that the wave of Korean investment inVietnam will heat up soon, Park urged Korean firms to actively devise theirstrategies to meet demand.

The ambassador proposed holding the dialogue two times ayear in the near future as the two countries will celebrate the 30th founding anniversary of diplomatic ties in 2022.

Korean enterprises attending the event also offeredsuggestions regarding the double taxation avoidance agreement, exports-imports,logistics, administrative reform, fast-track service for immigration, amongothers.

Representatives from ministries and agencies answered questionsand introduced resolutions on tackling difficulties for production and trade,disbursement of public investment capital and ensuring social safety amidCOVID-19.

A bilateral cooperation plan post-COVID-19 was also tabledfor discussions, with a focus on official development assistance used for ruraldevelopment, education, smart city building, transportation, policymaking andbuilding of a Vietnam – Korea industrial park.

According to the General Statistics Office, there were over62,000 newly-established enterprises and 25,200 others resumed operations inthe first half of this year.

The RoK is now the biggest foreign investor in Vietnam,creating jobs for over 700,000 workers nationwide.

International experts forecast that the Vietnamese economycould grow by 2.7-4.9 percent this year./.


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.