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Update news South Korean investment
Hyosung, the Republic of Korea (RoK)’s leading supplier of the power transformer industry, plans to inject an additional US$2 billion into the Vietnamese market this year.
The Republic of Korea’s KP Aero Industries will start building a 20,000sq.m factory with an investment of $20 million at the central city’s Da Nang Hi-Tech Park, to produce and supply various parts for the aircraft industry.
Hana Micron, a semiconductor company of the Republic of Korea (RoK), plans to pour US$1 billion into chip production in Vietnam by 2025, the latest in a wave of semiconductor investments flooding into the country.
A number of large enterprises from the Republic of Korea (RoK) are continuing to pour investment into Vietnam, turning the Southeast Asian country into their leading manufacturing hub in the world.
Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).
Investors of the Republic of Korea (RoK) were net buyers of stocks in Vietnam, at 9.1 million USD, in the first 11 days of August, over four times higher than the net buying of 2.12 million USD in July.
Financiers from the Republic of Korea (RoK) poured in US$2.34 billion into the Vietnamese market in the opening seven months of the year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Retail firms of the Republic of Korea (RoK) are stepping up efforts to tap into the Vietnamese market, which has huge growth potential thanks to its rapid economic growth and a high proportion of the working age population.
Large Korean corporations are still looking to Vietnam and consider the country the number one investment destination, said Hoang.
South Korean President Yoon Suk Yeol, who paid a state visit to Vietnam several days ago, was accompanied by top businesspeople of his country, including billionaires and leaders of conglomerates such as Samsung, SK, Hyundai and LG.
The People's Committee of northern Hai Phong city held a conference on June 26 to present a certificate to LG Innotek approving its additional capital of 1 billion USD from 2023-2025, raising the company's total investment to over 2 billion USD.
Vietnam will strongly develop its strategic infrastructure system to lure more investment from the Republic of Korea (RoK), President Nguyen Xuan Phuc told more than 500 enterprises attending the Vietnam-RoK Business Forum in Seoul on December 6.
President Nguyen Xuan Phuc on December 5 received representatives of large enterprises of the Republic of Korea (RoK) operating in Vietnam, as part of his State visit to the Northeast Asian country.
VietNamNet Bridge - The HCM City cinema market has become much more competitive with the closure of Galaxy Nguyen Trai, one of the most important cinemas of Galaxy Cinema, and the rise of several newcomers.
South Koreans have been flocking to Vietnam to invest in the real estate, retail, logistics, consumer goods and electronics projects, the business fields that they have great advantages.