RoK splashes out in Vietnam: KOTRA
The Republic of Korea topped the investor line-up in Vietnam with over 50 billion USD as of the end of 2016, according to statistics from the Korea Trade-Investment Promotion Agency.
Workers at a Samsung's factory in Vietnam. (Source: VNA)Seoul (VNA) – The Republic of Korea topped the investor line-up in Vietnam with over 50 billion USD as of the end of 2016, according to statistics from the Korea Trade-Investment Promotion Agency (KOTRA) released on June 12.
Between 1988 and 2016, RoK investors poured 50.5 billion USD in 5,773 projects in the Southeast Asia country. The sum accounted for 30.8 percent of the total foreign direct capital recorded in Vietnam.
The lion’s share of the RoK investment, at 71 percent, was channeled into the manufacturing sector, 14.8 percent into real estate, and 5.4 percent into construction.
Japanese and Singaporean investors followed closely behind with 42.4 and 38.2 billion USD. The top five also included Chinese Taiwan with 31.8 billion USD and the British Virgin Islands with 20.4 billion USD.
KOTRA representative Kim Doo-hee said the Vietnamese economy is growing sustainably, thus attracting investment flow.-VNA
You should also see
VNA marks 70th anniversary of Dien Bien Phu Victory with various activities
The Vietnam News Agency (VNA) hosted an array of activities to celebrate the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024).
See more
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
