93 percent of Korean firms satisfied with investments in Vietnam: survey
The agency said Korean firms have high hopes for Vietnam’s growth potential and highly evaluate the skills and diligence of workers.
Vietnam is considered a favourable investment destination, and the RoK’s wave of investment is continuing, KOTRA said.
It revealed that about 90 percent of the RoK-invested projects are carried out by small-and medium-sized enterprises, focusing on the processing and manufacturing industry, garment-textile, and footwear.
According to Naturon Co., Ltd, an RoK garment-textile company, Vietnam has posted high and stable economic growth for many years, and has a young and dynamic population.
It added that the RoK’s New Southern Policy has determined the Association of Southeast Asian Nations in general and Vietnam in particular as priority markets.
Since the Vietnam-Korea Free Trade Agreement (VKFTA) took effect in 2015, two-way trade has increased remarkably.
Bilateral cooperative ties have been enhanced, not only in trade but also in investment and services.
The RoK’s investment has also expanded to other fields such as retail, finance, green energy, agriculture, real estate, and food processing.
Vice Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vo Tan Thanh said the Vietnamese Government will focus on improving policies to attract foreign investment while protecting that investment and intensifying state management.
Vietnam will also offer preferential mechanisms for projects that use modern and environmentally-friendly technology, he added.
Related News
Wood exports started well
13:26 | 20/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Vietnam-China trade reaches over US$ 27 billion
09:29 | 10/04/2024 Import-Export
How more than 6 tons of smuggled gold transported to Vietnam?
07:49 | 05/04/2024 Anti-Smuggling
Latest News
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
More News
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export
Tra fish export to UAE jumps 67% in Q1
13:46 | 24/04/2024 Import-Export
Pepper prices continue increase trend
13:44 | 24/04/2024 Import-Export
More efforts needed to maintain export growth to China: Insiders
13:55 | 23/04/2024 Import-Export
It is expected that there are higher orders and revenue in the second quarter from European businesses
09:31 | 23/04/2024 Import-Export
Vietnamese rice prices on the hike
15:08 | 22/04/2024 Import-Export
FDI flow into garment and textile sector bounces back
15:06 | 22/04/2024 Import-Export
Investors play a key role in developing the industrial park system
10:38 | 22/04/2024 Headlines
Find ways to a corporation for businesses in industrial parks
10:38 | 22/04/2024 Import-Export
Your care
Enterprises want clearer regulations on seafood production
14:05 | 26/04/2024 Import-Export
Vietnam ranks fifth among aquatic product suppliers for Singapore
13:53 | 26/04/2024 Import-Export
Forum seeks to increase PPP investment effectiveness
13:48 | 25/04/2024 Import-Export
Linking businesses with cooperatives to increase the value chain
09:42 | 25/04/2024 Import-Export
Vietnam has a trade deficit of over US$17 billion with China
15:34 | 24/04/2024 Import-Export