A South Korean engineer who was reported missing in north-central Vietnam’s Thanh Hoa Province on Friday morning was discovered dead in a local wood later the same day. The man, whom police identified as 31-year-old Kim Seung-guk, had been staying at a motel in Quang Loi Commune, in Quang Xuong District prior to his death. Kim had returned to the motel with his friend Kim Sang-yeol, 48, at around 11:00 pm on Thursday, according to initial police report. When the engineer was nowhere to be found the next morning, Kim Sang-yeol set out on a search at around 11:00 am, accompanied by a Vietnamese translator and a few others. About an hour later, locals in Quang Loi’s Hong Phong Town reported finding the man’s body in a wood located around 100 meters from the motel where the South Koreans were staying. Both Kim Seung-guk and Kim Sang-yeol are engineers working at the construction site for a factory in Quang Loi, according to local residents. The men had been staying at the motel for work for some time, and had not been involved in any noticeable conflicts with their neighbors, they added. Police have yet to release the cause of death, as the investigation is still ongoing. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!
HCM CITY — South Korean companies in the interior design sector met with their Vietnamese counterparts yesterday in HCM City to discuss measures on how to increase exports in the industry. Co-organised by the ASEAN – KOREA Centre and Viet Nam Trade Promotion Agency, the seminar discussed effective design development. A Ra Cho, CEO of Koon Design Co, said that, apart from price competition, current interior products needed more interesting designs to meet the diverse demands of customers. "Unique designs will increase the added value of products, and help to give a competitive edge to companies," she said. To develop…... [read more]
Vietnam's wood market is dominated by international enterprises. Vietnamese wood enterprises have lost 80 percent of the domestic market to foreign rivals, despite the huge potential in a sector that earns revenue of about $3 billion per year. Vietnamese wood products have reached more than 160 overseas markets, including the United States, Europe and Japan, according to the Ministry of Planning and Investment's Economy and Forecast Review. In the first seven months, the value of Vietnam’s wood exports reached approximately $3.8 billion, an increase of 0.8 percent compared with the same period last year, according to the Ministry of Agriculture…... [read more]
Over the past years, the Vietnamese wood industry has made breakthroughs with increasing export revenues. Wooden products are among the country's key export items and make a great contribution to the national export growth. However, since the period of late 2007 and 2008, due to the global financial crisis and difficulties such as capital shortage, high interest rates and investment cost rise, the sector has encountered lots of challenges and risks of export drop in the upcoming time. Last year, wooden products' export revenues reached USD 2.78 billion. Causes Economists said the world economic slowdown has affected demand of wooden…... [read more]
Vietnam's wood exports have strengthened over the past few months despite experts who said the sector would be hit hard by the US financial crisis. Vietnamese wood furniture orders from the US, Vietnam's biggest furniture export market, have increased by 12 percent over the last three months, said Nguyen Ton Quyen, deputy chairman of the Vietnam Timber and Forest Product Association (Vietfores). Quyen said this was a good figure as demand for indoor furniture and other wood products in the US had declined following the real estate crunch. In the first nine months of this year, Vietnam woodwork exports to…... [read more]
Hanoi (VNA) – Industry insiders discussed the impacts of Britain’s exit from the European Union (EU) on the Vietnamese wood sector during a workshop in Hanoi on July 14. The event was jointly held by the Vietnam Good and Forestry Product Association (VIFORES), Ho Chi Minh City Fine Arts and Timber Processing Association, Forest Products Association of Binh Dinh (FPA Binh Dinh), and international Forest Trends. According to the VIFORES, Vietnam is one of the three biggest wood exporters to the UK besides Indonesia and Malaysia. The UK is also the largest EU importer of Vietnam’s timber products. In 2015,…... [read more]
