In its recent article, the newspaper wrote that one of the overseas markets that Korean construction companies are paying most attention to this year is Vietnam.

Lotte Tower in Hanoi.

With the National Master Plan to 2030 with a vision to 2045, Vietnam is striving to become an advanced country by 2045. To this end, it plans to invest in transportation, energy, information and communications technology (ICT), and infrastructure. The scale of the infrastructure industry is also expected to grow at an average annual rate of 9.8% from 5.2 billion USD last year to 11 billion USD in 2030.

Currently, construction companies that stand out in Vietnam such as GS E&C, Daewoo E&C, and Lotte E&C are strengthening their local presence by conducting large-scale development projects in Ho Chi Minh in the south and in Hanoi in the north, the newspaper wrote.

In addition to Hanoi, Daewoo E&C, the first Korean construction firm to be present in Vietnam (in 1991), is showing some signs of targeting southern Vietnam while considering investment expansion in Binh Duong province near Ho Chi Minh City.

Daegu city’s Federation of Trade Unions (RoK) pays working visit to Bac Giang’s Confederation of Labour

(BGO)- A delegation of the Federation of Trade Unions of Daegu city (Republic of Korea) led by Kim Wi Sang, Chairman of the Federation on December 7 paid a working visit to the provincial Confederation of Labour in northern province of Bac Giang.

President wraps up State visit to RoK

President Nguyen Xuan Phuc and a high-ranking delegation of Vietnam arrived in Hanoi on December 7 morning, concluding a successful State visit to the Republic of Korea (RoK) at the invitation of President Yoon Suk-yeol.

President wishes RoK groups to invest more in Vietnam

President Nguyen Xuan Phuc has wished that the Republic of Korea (RoK)'s corporations would invest more in Vietnam and work closely with Vietnamese partners to make economic cooperation between the two countries on par with their diplomatic ties.

President Nguyen Xuan Phuc meets Vietnamese community in RoK

President Nguyen Xuan Phuc met with staff of the Vietnamese Embassy and representatives of the Vietnamese community in the Republic of Korea (RoK) in Seoul on December 4, part of his ongoing State visit to the Northeast Asian country.

Vietnamese firms to have more chances to increase exports to the RoK: official

Vietnamese businesses, especially those operating in technology and electronics, have many favourable conditions and big opportunities to export their products to the Republic of Korea (RoK), according to Pham Viet Tuan, First Secretary in charge of investment at the Vietnamese Embassy in the RoK.

Source: VNA