Over 150 RoK businesses seek investment trends in Vietnam

VOV.VN - More than 150 businesses representatives from the Republic of Korea (RoK) were in attendance at an international conference held on August 18 in Seoul in order to discuss investment trends in Vietnam moving into the new normal.

The event was jointly held by Viglacera Corporation in collaboration with the Vietnamese Embassy in the RoK, the Foreign Investment Agency, Industrial Bank of Korea (IBK), and Bae, Kim & Lee LLC, as part of activities being held to mark the 30th anniversary since the establishment of diplomatic ties between the two countries.

The purpose of the event is to help Korean investors keep up with the current investment trends in Vietnam moving into the post-COVID-19 period, as well as strengthen connectivity among enterprises in various fields to allow Vietnam to enhance its position as an important and responsible linkage as part of regional and global value chains.

As part of his opening speech at the occasion, Vietnamese Ambassador to the RoK Nguyen Vu Tung emphasised that the RoK represents the largest FDI partner in Vietnam with nearly 10,000 projects capitalised at US$80 billion, adding that two-way trade turnover last year reached US$78.1 billion and is likely to hit US$90 billion this year.

The diplomat highlighted the importance of the seminar in terms of promoting investment activities in the country under the Business to Government (B2G) linkage model, noting that the Vietnamese Embassy in the RoK has fully committed to accompanying RoK enterprises in their business activities. Indeed, the Embassy has been strengthening connectivity as a means of facilitating further RoK’s investment opportunities in the country.

Nguyen Thi Thu Huong, deputy director of Viglacera Real Estate Company, said the company has invested in a total of 11 industrial parks nationwide, as well as an economic zone in Cuba, attracting US$15 billion in FDI from more than 300 domestic and foreign enterprises. This includes several large RoK enterprises and those from other countries, namely Samsung, Amkor, Hyosung, Anam Electronics, Kortek, Orion, and Ottogi.

Viglacera's industrial parks are currently being built in six provinces in both the North and Central of Vietnam, thereby providing diverse options for foreign investors. Currently, these sites have clean land and complete, synchronous, and modern infrastructure, therefore they are ready to welcome foreign businesses to rent and build factories.

Following the conclusion of the seminar, several RoK investors expressed their keen interest in conducting surveys at Viglacera's industrial parks moving into the third and fourth quarters of the year.

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