Among foreign investors who have been investing in Vietnam, Korea is leading with the largest amount of capital, and Korean companies are continuing to promote investment in Vietnam as well as set up business in Vietnam.
In the past 25 years, Vietnam – Korea trade has made great strides from 500 million USD in the first years to 60 billion USD today, 120 times higher than in 1992. It is expected that by 2018 this figure will increase to 70 billion USD and 100 billion USD by 2020.
In addition to the accumulated investment of 57 billion USD since 1992, in the last 4 years, Korea has invested into Vietnam 8 billion USD a year. Only in the past 11 months of 2017, the number has reached 8 billion USD. These are enormous numbers. At the same time, the quality of Korean investment capital in Vietnam is also high. This is a very positive signal in the wave of Korean investment into Vietnam.
Korea is currently the leader in foreign direct investment through establishing company in Vietnam and bringing high technology manufacturing into Vietnam. Typically, Samsung company has set up a research and development center in Bac Ninh, Yen Bai, Thai Nguyen, and has a significant impact on the development of Vietnam’s science and technology.