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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.
RoK splashes out in Vietnam: KOTRA ảnh 1Workers at a Samsung's factory in Vietnam. (Source: VNA)

Seoul (VNA) – The Republic of Koreatopped the investor line-up in Vietnam with over 50 billion USD as of the endof 2016, according to statistics from the Korea Trade-Investment Promotion Agency(KOTRA) released on June 12.

Between 1988 and 2016, RoK investors poured 50.5billion USD in 5,773 projects in the Southeast Asia country. The sum accountedfor 30.8 percent of the total foreign direct capital recorded in Vietnam.

The lion’s share of the RoK investment, at 71percent, was channeled into the manufacturing sector, 14.8 percent into realestate, and 5.4 percent into construction.

Japanese and Singaporean investors followedclosely behind with 42.4 and 38.2 billion USD. The top five also included ChineseTaiwan with 31.8 billion USD and the British Virgin Islands with 20.4 billionUSD.  

KOTRA representative Kim Doo-hee said theVietnamese economy is growing sustainably, thus attracting investment flow.-VNA
VNA
#KOTRA #Korea Trade-Investment Promotion Agenc #Republic of Korea #RoK investors #foreign direct capital #Kim Doo-hee #Vietnam #Vietnamese #Vietnam News Agency #vietnamplus #vietnam news Korea (RoK)
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