93% of RoK’s firms satisfied with investment in VN
17:35 | 18/12/2019

VGP – 93% of enterprises from the Republic of Korea (RoK) expressed satisfaction with their investment in Viet Nam, according to the recent survey of the Korea Trade-Investment Promotion Agency (KOTRA). 

Potential market

According to the KOTRA, the RoK firms have high expectations on Viet Nam’s growth, giving high evaluations of the skills and the diligence of the employees. Viet Nam is considered as the most favorable environment and the investment wave of the RoK into Viet Nam will maintain. 

Around 90% of the RoK-invested projects in Viet Nam have been launched by small and medium-sized enterprises, focusing on the processing and manufacturing industry, garment and footwear.

The RoK’s New Southern Policy has identified ASEAN in general and Viet Nam in particular as one of prioritized markets for investment. Especially, when the Viet Nam-RoK Free Trade Agreement came into effect since 2015, the two-way trade value has witnessed remarkable growths. 

Investment sector expanded 

The RoK enterprises are pouring investment into Viet Nam in all spheres, from the US$-billion projects to micro projects. 

Besides electronics and spare parts, the RoK investors are interested in investment in retail sales, finance, green energy, agriculture and real estate. 

Vice President of the Viet Nam Chamber for Commerce and Industry Vo Tan Thanh said that the Vietnamese Government will focus on completing policies to attract foreign investment, protect investment, strengthen State management and promote investment in the spirit of active international integration, particularly economic integration. 

Viet Nam will launch high preferential mechanisms for modern technology and environmentally-friendly projects, which is regarded as a good opportunity for the RoK firms to pour more investment into Viet Nam, especially in the sectors of the RoK’s advantages such as the auxiliary industry and electronics. 

With the view of balancing trade, the two Governments are seeking measures to export more Vietnamese advantageous items to the RoK such as garments, footwear, aquatic products and wooden products as well as create a favorable environment for the RoK enterprises to pump investment in producing auxiliary products, semi-finished products in Viet Nam. 

By Thuy Dung       

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