RoK bank supports green transition for Samsung suppliers in Vietnam
VOV.VN - The Export-Import Bank of Korea (KEXIM) announced on June 3 that it will support consultancy costs for small and medium-sized enterprises (SMEs) that supply Samsung Electronics and operate in Vietnam as they transition to renewable energy.
In a statement, KEXIM said it had signed a memorandum of understanding (MoU) with Parton, a company representing Samsung Electronics suppliers, to strengthen environmental, social and governance (ESG) capabilities across the supply chain and promote mutually beneficial cooperation among participating companies.
Under the MoU, 11 Samsung Electronics suppliers investing and manufacturing in Vietnam will jointly implement a renewable power purchasing model through power purchase agreements (PPAs).
The arrangement is expected to help participating companies gain easier access to renewable electricity at more competitive costs while meeting increasingly stringent sustainability requirements in international markets.
To support the process, KEXIM will cover the costs of specialised energy consultants to help companies develop strategies and implementation plans suited to conditions in Vietnam.
Samsung Electronics will also share experience and practical models the company has applied in the use of renewable energy at its production and business facilities overseas.
Through the transfer of experience, Samsung expects companies within its supply chain to accelerate their green transition and strengthen their competitiveness in international markets.
The initiative is seen as an important step in helping RoK companies in Vietnam advance their carbon reduction goals while strengthening ESG capabilities across Samsung's global supply chain.
Vietnam, RoK scholars discuss diplomatic perspectives amid modern East Asia
Scholars from Vietnam and the Republic of Korea (RoK) gathered in Hanoi on May 28 for an international workshop that looked into the two countries' international and diplomatic perspectives in the context of modern East Asia.
RoK trade delegation promotes cooperation with Vietnam and Malaysia
VOV.VN - The ASEAN-Korea Centre and the Korea Importers Association (KOIMA) announced on May 18 that they will jointly organize a trade promotion delegation to Vietnam and Malaysia to expand economic cooperation between the Republic of Korea (RoK) and ASEAN.
