South Korean financiers invested $2.34 billion in Vietnam in the first seven months this year, according to the Vietnam’s Foreign Investment Agency under the ministry of planning and investment.
The figure was a rise of more than $1 billion over the figure recorded in the first half this year and accounted for 14.4 per cent of the total foreign direct investment (FDI) inflows into Vietnam.
South Korea, therefore, ranked second out of 94 countries and territories investing in Vietnam since the year began. Singapore topped the list with a total investment of nearly $3.64 billion, accounting for more than 22.4 per cent of the total investment capital in Vietnam, a Vietnamese media outlet reported.
Korean investors are also keen on high-tech fields, such as semiconductor chip production and car batteries.
South Korean companies harbour high opinion about Vietnam’s business climate, especially its green growth strategy, said Hong Sun, chairman of the Korea Chamber of Business in Vietnam.
Source: Fibre 2 Fashion