93 percent of Korean firms satisfied with investments in Vietnam
93 percent of Korean firms satisfied with investments in Vietnam: survey
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam, according to a recent survey conducted by the Korea Trade and Investment Promotion Agency (KOTRA).
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam. (Photo: VNA)
Hanoi (VNA) – Up to 93 percent ofthe businesses from the Republic of Korea (RoK) are satisfied with their investmentsin Vietnam, according to a recent survey conducted by the Korea Tradeand Investment Promotion Agency (KOTRA).
The agency said Korean firms have high hopes forVietnam’s growth potential and highly evaluate the skills and diligence ofworkers.
Vietnam is considered a favourable investmentdestination, and the RoK’s wave of investment is continuing, KOTRA said.
It revealed that about 90 percent of the RoK-investedprojects are carried out by small-and medium-sized enterprises, focusing on theprocessing and manufacturing industry, garment-textile, and footwear.
According to Naturon Co., Ltd, an RoKgarment-textile company, Vietnam has posted high and stable economic growth formany years, and has a young and dynamic population.
It added that the RoK’s New Southern Policy hasdetermined the Association of Southeast Asian Nations in general and Vietnam inparticular as priority markets.
Since the Vietnam-Korea Free Trade Agreement(VKFTA) took effect in 2015, two-way trade has increased remarkably.
Bilateral cooperative ties have been enhanced,not only in trade but also in investment and services.
The RoK’s investment has also expanded to otherfields such as retail, finance, green energy, agriculture, real estate, andfood processing.
Vice Chairman of the Vietnam Chamber of Commerceand Industry (VCCI) Vo Tan Thanh said the Vietnamese Government will focus onimproving policies to attract foreign investment while protecting thatinvestment and intensifying state management.
Vietnam will also offer preferential mechanismsfor projects that use modern and environmentally-friendly technology, he added./.
Vietnamese Minister of Industry and Trade Tran Tuan Anh and his Korean counterpart Sung Yun-mo have discussed measures to further bolster economic, trade and investment partnership between the two countries.
Joint efforts of Vietnam and the Republic of Korea (RoK) in dealing with difficulties to promote the bilateral comprehensive cooperation have resulted in miracles in partnership between the two countries, stated Prime Minister Nguyen Xuan Phuc.
Prime Minister Nguyen Xuan Phuc has affirmed that Vietnam attaches importance to cooperation with the Republic of Korea (RoK), and stands ready to serve as a bridge to further promote ASEAN – RoK and Mekong – RoK cooperation frameworks.
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The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Up to 93 percent of the businesses from the Republic of Korea (RoK) are satisfied with their investments in Vietnam. (Photo: VNA) 
