RoK businesses raise US$1 million for Vietnamese COVID-19 fight

Enterprises from the Republic of Korea (RoK) have raised US$1 million in support of Vietnam's response to the COVID-19 pandemic, said Choi Young-joo, chairman of the RoK-Vietnam Friendship Association, during an online working session held on June 30 with President Nguyen Xuan Phuc.
President Nguyen Xuan Phuc holds an online working session with Choi Young Joo, Chairman of the Republic of Korea (RoK)-Vietnam Friendship Association

President Nguyen Xuan Phuc holds an online working session with Choi Young Joo, Chairman of the Republic of Korea (RoK)-Vietnam Friendship Association

The Vietnamese State leader expressed his pleasure at receiving a congratulatory letter from Young-joo, who also serves as chairman and CEO of PANKO Corp., following the former’s election to the role of President of the Socialist Republic of Vietnam.

President Phuc acknowledged and expressed his great appreciation after the group raised US$1 million from numerous Korean businesses in support of the country’s COVID-19 prevention and control efforts, including Panko Corp.

Briefing Young-joo on the results of ongoing COVID-19 prevention and control measures, the President said the country remains active in containing the disease and is making all-out efforts to realise the dual goal of swiftly repelling the pandemic and stabilising production and business activities. This is being done in a way to ensure the continuity of the goods supply chain and a safe environment for investors.

Furthermore, President Phuc praised Panko Corp. and other Korean groups such as Samsung and SK for supporting the nation in coping with the pandemic, while promoting greater investment in the country from major Korean groups.

In response, the Korean official was appreciative of Vietnamese success in COVID-19 prevention and control, stating that this will facilitate Korean investors’ operations locally. The sum of US$1 million raised by Korean businesses for the country is a manifestation of good sentiment in helping in the ongoing COVID-19 battle.

The RoK-Vietnam Friendship Association wishes to send this money to support Ho Chi Minh City, which is currently suffering from the negative impact of the COVID-19 pandemic.

Young-joo told President Phuc that many Korean investors have successfully invested in the Vietnamese market, therefore he requested that the Vietnamese State leader to continue to pay close attention to improving the mutual strategic partnership as a means of facilitating Korean investment in the country.

He said Panko Corp. and a number of Korean investors remain highly interested in areas such as developing industrial parks, resort tourism, smart cities, and trade centres. They are therefore keen for the Vietnamese Government, ministries, and localities to offer the best possible conditions to facilitate their operations.

Upon welcoming Korean investment in relevant fields, the nation aims to draw investment in science and technology, smart city development, and pharmaceutical industry, President Phuc. Indeed, having a favourable business investment environment, coupled with a rapidly growing middle class, can be viewed as favourable conditions for foreign investors to come to the country.

The RoK represents the largest foreign investor in the Vietnamese market with 9,200 projects totaling US$72 billion, with trade between the two countries last year also recording strong growth and reaching over US$66 billion.

Moreover, President Phuc emphasised that the activities run by Korean businesses have been making a very substantial contribution to developing the joint strategic cooperative partnership.

Most notably, the nation has always enjoyed political stability and continues to represent an attractive business and investment environment, thereby serving as an important basis to continue to promoting stronger and more effective trade, investment, and cultural exchange between both sides.

With regard for proposals put forth by the Korea-Vietnam Friendship Association for Korean investment projects in the nation, President Phuc said he would ask competent agencies to provide support as soon as possible to help implement the projects according to regulations.

he added his hope that the Association would continue to mobilise resources and support the country in coping with the COVID-19 pandemic moving forward.

VOV

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.