RoK spawns manufacturing growth of Vietnam

(VOV) - Vietnam currently is the most attractive country of South and East Asia for transnational companies from the RoK– with relatively constant foreign direct investment (FDI) inflows in recent years.

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, as of December 2014 the RoK has taken a controlling ownership interest in 4,110 FDI projects.

The cumulative total of registered capital for the projects is in excess of US$37.23 billion.

Korean investors favour the manufacturing industry having registered a staggering 2,497 FDI projects at nearly US$23.8 billion.

The manufacturing sector is trailed by the real estate sector with a hefty 81 projects at US$7 billion and the construction sector with 562 projects at US$2.4 billion.

They have invested heavily in 52 out of 63 provincial centres of the country. Hanoi leads with 857 projects, followed by Thai Nguyen, Dong Nai, HCM City, Ba Ria Vung Tau and Hai Phong.