The 19th meeting of the Intergovernmental Committee for Economic-Commercial and Scientific-Technological Cooperation on October 28 was co-chaired by the Ministry of Planning and Investment (MPI) and the South Korean Ministry of Foreign Affairs to discuss solutions to boosting bilateral economic cooperation. As of September, South Korea had 9,438 investment projects in Vietnam with total registered capital of $80.5 billion, ranking it first among countries and territories investing in Vietnam. Bilateral turnover reached $78 billion in 2021, up 18.2 per cent compared to 2020. South Korea is Vietnam’s third-largest export market and second-largest import source.

Analysts and businesses discussed taking bilateral trade and investment cooperation between the two countries to the next level at the “India-Vietnam Business Meeting” on September 28.

The Shinhan Vietnam Finance Company Limited (Shinhan Finance) and FPT Digital Retail Joint Stock Company (FPT Retail) signed a strategic cooperation agreement on August 30 to diversify financial solutions in the retail sector. A member of Shinhan Card in South Korea, Shinhan Finance is a fully foreign-owned consumer finance company, while FPT Retail is a subsidiary of the FPT Corporation.

On August 30, 2022, in Ho Chi Minh City, HDBank and DEG co-organized a “German Desk Networking Event”, looking back on the one-year journey of German Desk cooperation. Through the German Desk, the German Government and DEG have provided support packages and financial solutions to businesses for sustainable economic development. HDBank has also provided commercial banking solutions for German businesses in Vietnam as well as Vietnamese businesses exporting to Germany and other European countries.

Vietnam Airlines, the BRG Group, and SeABank signed an MoU in various fields in early July to enhance the customer experience and contribute to Vietnam’s economic development.