Vietnam south korea trade

HO CHI MINH CITY - South Korean startups are banking on their country’s similarities with Vietnam — a shared popular obsession with education, similar rituals, a history of a divisive civil war, and a current focus on manufacturing and integration with international trade — to give them an advantage in expanding their business there as Vietnam looks to follow in South Korea’s steps to become one of the next Asian tigers. South Korea is already a big investor in the Southeast Asian nation, however now it is startups in areas like cosmetics and hotel smartphone apps that are joining in on the investment. “I think Vietnam startup [investment] is really going up now,” Jisoo Kang, chief executive officer of Fluto, a South Korean startup that conducts user testing on digital products, said. Next conquest While South Korean behemoths have conquered international television and automobile markets, the next phase of growth is in developing nations such as … [Read more...] about Korean Startups Expand to Vietnam, a Kindred Spirit

KUALA LUMPUR/SINGAPORE (Reuters) - A Vietnamese oil tanker which Reuters reported visited North Korea in February has been seized by Malaysia after it was found adrift off the Malaysian coast, maritime agency officials said. FILE PHOTO: A general view shows a dam in the port city of Nampo, North Korea August 12, 2005. Picture taken August 12, 2005. REUTERS/Yuri Maltsev/File Photo Refinitiv shipping data quoted by Reuters showed the Viet Tin 01 arrived just outside the harbor of Nampo on North Korea’s western coast on Feb. 25 carrying 2,000 tonnes of gasoline, shortly before talks between North Korean leader Kim Jong Un and U.S. President Donald Trump in Hanoi. It was not clear whether the tanker unloaded cargo at Nampo. Under sanctions imposed by the United Nations, North Korea is heavily restricted in its imports of crude oil and refined petroleum products. The Malaysian Maritime Enforcement Agency (MMEA) said a team of officers boarded the tanker on Sunday after it … [Read more...] about Malaysia seizes Vietnamese oil tanker that was tracked in North Korea

Are China and the United States any closer to a broad trade agreement after more than 2½ years of talks? Leaders on both sides are routinely optimistic about reaching a deal, even if there are usually few specifics. Friday was no exception when U.S. trade representatives released a statement saying negotiators in the latest round "made progress in a variety of areas and are in the process of resolving outstanding issues." President Donald Trump and Chinese President Xi Jinping were expected to sign a preliminary deal, called "Phase One," during the Asia-Pacific Economic Cooperation summit, originally scheduled for Nov. 16-17 in Chile. However, Chilean President Sebastian Pinera on Wednesday threw those plans into disarray when he canceled the summit over spreading civil unrest in his country. In a tweet Thursday, Trump wrote, "The new location will be announced soon. President Xi and President Trump will do signing!" Also on Twitter, the president said that the Phase One agreement … [Read more...] about Where US, China Stand on Trade Talks

By AFP More by this Author HANOIUS President Donald Trump shook hands with North Korean leader Kim Jong Un at the start of their second summit Wednesday, saying the totalitarian state could enjoy a brilliant future if it gives up nuclear weapons.Trump predicted a "very successful" summit as the pair prepared for dinner at the luxury Sofitel Legend Metropole hotel in Hanoi to follow up on their initial historic meeting in Singapore in June.TALKSIn a brief sit-down ahead of one-on-one talks, Trump repeated his view that North Korea had "tremendous" economic potential.For his part, Kim pledged to do his "best" to achieve an outcome that "will be welcomed by all people." Related Stories Nuclear weapons on menu at Trump-Kim dinner Koreas to deliberate with IOC over joint 2032 Olympics bid North Korea in five figures Trump willing to talk with N. Korea’s Kim Advertisement They were due to open with about 20 minutes of head-to-head talks before sitting around a … [Read more...] about Trump, Kim handshake kicks off nuclear summit in Hanoi

New Delhi: Prime Minister Narendra Modi returned to New Delhi on Tuesday concluding his three-day visit to Thailand where he participated in ASEAN- India, East Asia and RCEP summits. On November 4, India decided not to join the Regional Comprehensive Economic Partnership (RCEP) agreement as its key concerns have not been addressed. The prime minister in his statement said that "The present form of the RCEP agreement does not fully reflect the basic spirit and the agreed guiding principles of RCEP and does not address satisfactorily India's outstanding issues and concerns." "In such a situation, it is not possible for India to join the RCEP agreement," the Prime Minister said. During his stay in the south-east Asian nation, Prime Minister Modi also participated in several bilateral meetings including with his Japanese counterpart Shinzo Abe, Vietnam counterpart Nguyen Xuan Phuc, and Australian counterpart Scott Morrison. He also attended a special lunch with the Association of … [Read more...] about PM Modi Reaches Delhi After Concluding 3-Day Thailand Visit