Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Vietnam, RoK step up trade ties to aid businesses
Key areas of cooperation include logistics, distribution, textile investment, and multilateral trade frameworks such as ASEAN - RoK, RCEP, APEC and IPEF.
 |
| Vietnamese Minister of Industry and Trade Nguyen Hong Dien (R) and Korean Minister of Trade, Industry and Energy Ahn Dukgeun sign cooperation documents in the meeting. (Photo: VNA) |
Vietnam and the Republic of Korea (RoK) have agreed to boost cooperation in trade, industry and energy to support businesses amid global economic uncertainties.
The commitment was made during the 14th Meeting of the Vietnam–RoK Joint Committee on Trade, Industry and Energy Cooperation and the 8th Meeting of the Joint Committee on Implementation of the Vietnam - RoK Free Trade Agreement (VKFTA), co-chaired in Hanoi by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Korean Minister of Trade, Industry and Energy Ahn Dukgeun.
The ministers noted steady progress in bilateral ties, with trade reaching 81.5 billion USD in 2024, up 7.3% from 2023. They agreed to continue leveraging Vietnam-Korea Plus joint working groups to support businesses and push forward with the bilateral Action Plan to raise trade turnover to 150 billion USD by 2030 in a more balanced manner.
Key areas of cooperation include logistics, distribution, textile investment, and multilateral trade frameworks such as ASEAN - RoK, RCEP, APEC and IPEF.
On industry, both sides discussed implementing the Essential Minerals Supply Chain Technology Cooperation Centre and the second phase of the Vietnam Technology Advice and Solutions Centre (VITASK 2), alongside supporting Vietnam’s Industrial Development Law and enhancing workforce training in fields like shipbuilding.
Energy cooperation covered electricity, oil and gas, clean energy and nuclear power. Vietnam welcomed Korean investment and proposed collaboration on ammonia co-firing technology.
Marking a decade of VKFTA implementation, the ministers reaffirmed its role in expanding trade and investment. They also discussed easing trade procedures and addressing technical barriers.
At the end of the two meetings, the ministers signed three key documents and witnessed the signing two Memoranda of Understanding on nuclear power and power transmission between relevant agencies of both countries./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
