RoK – leading foreign investor in Vietnam
VOV.VN - The Republic of Korea ranks first among 68 foreign investors in Vietnam in the first 11 months of this year with a total new and additional registered capital of US$5.29 billion, according to the Ministry of Planning and Investment.
 |
Vietnam has so far attracted nearly 5,656 Korean investors with a total registered capital of US$51.5 billion. In November alone, Korean businesses invested in 709 new projects with a total value of US$4.8 billion and added US$470 million capital to 362 existed ones.
Major companies and groups such as Samsung, Lotte, GS, Hyosung, LG, Doosan, Kumho, and Posco are currently operating in Vietnam. Korean investment in Vietnam provides a good chance for the country to draw investment in the support industry and hi-tech.
According to preliminary reports of the Vietnam Customs, the RoK exported US$28.8 billion worth of products to Vietnam in the period, up 13.4% against the same period last year.
Major export products to Vietnam included machines, equipment, electronic components, computers and components.
The Korean Trade Promotion Agency in HCM City expects the number of Korean investors in Vietnam will increase in the coming time, opening more job opportunities for Vietnamese people.
