Deputy PM pledges strong support for Korean investors

18:41 | 05/04/2025 Investment Follow Ven.vn on

Amid complicated developments of the global and regional situation, especially increasing risks of trade wars, Deputy Prime Minister Nguyen Chi Dung reaffirmed Vietnam’s commitment to maintaining political and socio-economic stability, building an independent and self-reliant economy while proactively pursuing extensive, substantive, and effective global integration.

The Vietnamese Government pledges to support and accompany partners, including Korean investors, to ensure their sustainable and long-term operations in Vietnam, Deputy Prime Minister Nguyen Chi Dung told Choi In Kwan, General Director of LG Display Vietnam Hai Phong at their meeting in Hanoi on April 4.

Dung praised LG Group's strong business performance and its substantial contributions to Vietnam’s socio-economic development, highlighting the growing Vietnam – Republic of Korea (RoK) Comprehensive Strategic Partnership across various sectors, particularly in economy, trade, and investment.

Deputy PM pledges strong support for Korean investors

Deputy PM Nguyen Chi Dung receives Choi In Kwan, General Director of LG Display Vietnam Hai Phong

Amid complicated developments of the global and regional situation, especially increasing risks of trade wars, he reaffirmed Vietnam’s commitment to maintaining political and socio-economic stability, building an independent and self-reliant economy while proactively pursuing extensive, substantive, and effective global integration.

The Vietnamese Government is committed to further fine-tune its institutional framework and offering maximum support to both domestic and foreign investors, he said, suggesting the company further expand its investment in Vietnam, foster partnerships with local businesses, and bolster Vietnam’s integration into the global value chain.

He proposed maintaining open communication channels with Vietnamese authorities to manage risks arising from shifting economic and trade policies, paving the way for collaborative, win-win solutions.

Choi, for his part, said LG Display Vietnam Hai Phong, established in 2016, specialises in the production, assembly, and processing of hi-end, smart display panels. From an initial registered investment of 1.5 billion USD, the company’s total capital reached 4.65 billion USD by late 2023, with an additional 2.3 billion USD injected in 2024 to scale up production, aiming for a 30% annual growth rate. He credited this progress to the steadfast support from the Vietnamese Government and the municipal authorities.

The company wishes for continued support from the Vietnamese Government, particularly through preferential policies and tax extensions for hi-tech enterprises, to sustain operations, he said, noting that LG Display Vietnam Hai Phong secured a hi-tech enterprise certification in 2024 after meeting stringent requirements, qualifying it for such benefits.

In response, Dung directed the Ministry of Science and Technology and the Ministry of Finance to assist the company with tax incentive procedures, pledging the Government’s best efforts to support the company’s growth in Vietnam.

Source: en.vietnamplus.vn

See more news

Vietnam featured by French broadcaster as emerging global manufacturing hub

11:16 | 09/04/2025 Investment

French broadcaster TF1 aired a nearly four-minute feature on April 7, spotlighting Vietnam as a rising destination for global investment.

Tuyen Quang calls for OVs, businesses to expand investment

16:58 | 06/04/2025 Investment

A delegation of nearly 50 overseas Vietnamese from 20 countries and territories, led by Nguyen Trung Kien, Chairman of the State Committee for Overseas Vietnamese, met with leaders of the northern mountainous province of Tuyen Quang on April 3 to discuss economic cooperation.

Dong Nai’s Q1 FDI attraction nears yearly target

09:36 | 02/04/2025 Investment

The southern province of Dong Nai attracted 927 million USD in foreign direct investment (FDI) in the first quarter of 2025, coming close to its annual target of 1.1 billion USD, according to the provincial Department of Finance.

Work begins on two hi-tech factories in Bac Ninh province

17:46 | 31/03/2025 Investment

Ground-breaking ceremonies were held on March 30 for the Victory Giant Technology Vietnam factory and Green Precision Manufacturing Vietnam Co. Ltd project in VSIP Bac Ninh II, located in the northern province of Bac Ninh, with combined investment of over 640 million USD.

PM seeks aviation partnership with Brazil's Embraer Group

09:34 | 31/03/2025 Investment

Prime Minister Pham Minh Chinh called for collaboration between Brazil’s Embraer Group and Vietnamese partners to advance Vietnam’s aviation industry during a reception in Hanoi on March 29.

Dong Nai leaders hold dialogue with FDI enterprises

17:38 | 29/03/2025 Investment

The People's Committee of Dong Nai province on March 28 held a meeting with more than 350 foreign direct investment (FDI) enterprises, foreign business associations and industrial infrastructure firms operating in the province.

Quang Ngai seaport system requires over 420 mln USD in investment by 2030

11:09 | 28/03/2025 Investment

The seaport system in the central province of Quang Ngai will need about 10.83 trillion VND (423.54 million USD) in investment by 2030, according to the detailed development plan for local seaport land and water areas for the 2021–2030 period, with a vision to 2050.

FDI attraction to prioritise green projects

16:24 | 26/03/2025 Investment

Nearly 40% of Vietnam's land area posseses wind speeds suitable for wind power development. Many regions also have favourable radiation levels for solar energy. It is time for Vietnam to stop attracting foreign direct investment (FDI) at all costs and instead become more selective.

Work begins on two construction material plants in Hue

15:21 | 26/03/2025 Investment

Work commenced on two large-scale construction material plants in Hue City's Phong Dien Industrial Zone with a total investment exceeding 4.18 trillion VND (over 163 million USD) on March 25.

EU businesses willing to expand investment in Vietnam

15:32 | 24/03/2025 Investment

(VEN) - The European Chamber of Commerce (EuroCham) in Vietnam has emphasized the importance of a stable and transparent legal framework and called for reforms to enhance Vietnam’s attractiveness to international investors.

Latest Most Read

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

(VEN) - After the reorganization of its administrative structure, Vietnam is expected to reduce the number of provincial-level administrative units by 50 percent and commune-level units by 60-70 percent, making the state management apparatus leaner, stronger and more efficient, and expanding new development space for localities.

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

(VEN) - The increasing competitive pressure is forcing businesses in the tourism industry to innovate their business models and enhance service quality to keep up with current trends, focusing on key criteria, such as safety, personalized experiences, and technological convenience.

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

(VEN) - Half a century has passed since the historic moment of April 30, 1975, when Vietnam was reunified. The nation, united in joy, is steadily marching into a new era of growth with national aspiration.

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

(VEN) - With a strong determination to “innovate from the core” for sustainable development in the future, Petrovietnam has officially adopted its new designation as the Vietnam National Industry - Energy Group.

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

(VEN) - In the context of a rapidly transforming economy driven by the 4th Industrial Revolution, improving labor productivity is not only an urgent requirement for every business, but also a personal responsibility for each worker.

Vietnam to seek US tariff postponement to serve negotiations

10:29 | 08/04/2025 News and Events

Prime Minister Pham Minh Chinh chaired a meeting with ministries and sectors on late April 7 to discuss the development of balanced and sustainable trade with the US.

Vietnam’s wood exports surge in early 2025, but face mounting headwinds

11:29 | 08/04/2025 Trade

Generating tens of billions of dollars in export revenue, Vietnam’s wood industry is now bracing for a tariff storm, as the United States is set to impose a 46% reciprocal tariff on Vietnamese goods.

Vietnam takes swift, proactive actions in response to new US tariff policy

16:49 | 08/04/2025 Policy

Since April 3, right after US President Donald Trump’s announcement, Party and State leaders have engaged in various meetings, working sessions, and phone calls to discuss and find solutions to remove the tariff barriers imposed by the US government, and ensure the harmonisation of interests for both sides.

Symposium seeks solutions for Vietnamese rice amidst market challenges

16:56 | 08/04/2025 Economy

Vietnam aims to improve the quality and value of export rice by reducing the proportion of low and medium-grade white rice while increasing the share of aromatic, Japonica, and specialty rice varieties.

Vietnamese garment, textile firms brace for US tariff’s impacts

17:11 | 08/04/2025 Economy

If the US implements the announced 46% reciprocal tariff, Vietnamese textile and garment products would face average duties between 61-62% when entering the market, given the current 15-16%.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

Party General Secretary To Lam noted that priority will be given to finalising guiding documents, amending the 2013 Constitution, and improving legal institutions and regulations to establish a robust legal framework for effective organisational apparatus streamlining.

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Vietnam must always be able to evaluate its own strengths and weaknesses while pursuing a long-term strategic vision. The country can learn from other countries, but it must always pursue its national interests. This requires unity among the population, political stability, constant adaptability and critical innovation.

Industry & Trade

Hanoi to develop 254-million-USD industrial cluster

21:13 | 19/04/2025 Industry

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Investment

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

Finance-Banking

Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Society

Streamlining State apparatus to expand development space

13:31 | 26/04/2025 Society

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

Can Tho-Ca Mau expressway project must be completed by December 19: PM

21:49 | 20/04/2025 Society

The expressway, spanning over 110 km, connects Can Tho city with Hau Giang, Bac Lieu, Kien Giang, and Ca Mau provinces, complemented by 25.85 km of connecting routes.

Vietnamese Brands

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.

Philosophy 3C and story of smart consumption

09:15 | 22/03/2025 Vietnamese Brands

(VEN) - Pharmacist Nguyen Xuan Hoang - Chairman of International Medical Consultants Co., Ltd. - IMC shared, “In modern society, in order for a product to reach consumers, aside from quality and technology, attention must also be paid to the story behind the product and the smart consumption habits of consumers.”

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Digitization key to tourism breakthroughs

09:15 | 24/04/2025 Tourism

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

Deputy PM pledges strong support for Korean investors

See also

See more news

Multimedia