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On the other hand, in China, the RoK’s FDI fell to 27.6% in 2017 from 44.5% in 2000s.
Especially, Korean SMEs operating in the manufacturing sector massively withdrew capital from the world’s second largest economy to Viet Nam. Specifically, FDI of Korean SMEs in Viet Nam exceeded that in China in 2014 for the first time, touching US$ 720 million in 2017 in comparison with US$ 430 million in China.
However, total FDI of Korean big companies in China is 2.7 times higher than that in Viet Nam in 2017.
According to the report, Viet Nam emerged as a favorite investment destination in the eyes of Korean manufacturers thanks to her better business environment and policies./.
By Kim Loan