South Koreans investing in Viet Nam can capitalise on preferential treatment under free trade agreements (FTAs) that Viet Nam has signed to boost exports, one top official said.
The Republic of Korea (RoK)’s Consulate General recently revealed the country’s businesses plan to increase investment in Viet Nam, especially in the manufacturing of electronic equipment and developing smart grids.
Eunyoung Jung, CEO of HSBC South Korea, speaks to Viet Nam News reporter Bo Xuan Hiep about the favourable investment climate in Viet Nam and South Koreas plan to pour more money into the country.
Shares of the construction conglomerate Cotec Construction Joint Stock Company (Coteccons), coded CTD, have recovered strongly since early November, climbing by 14 per cent after two foreign management funds announced they would increase their holdings in the company.
Over the past 25 years, the economic ties between Viet Nam and South Korea have flourished, but the trade imbalance between the two countries has reached an alarming level.
Finance Minister Dinh Tien Dung is chairing a conference in Seoul from 16-19 to promote investments from the Republic of Korea (RoK) to Viet Nam, according to the State Securities Commission (SSC).
South Korean companies will now invest in more areas in Viet Nam, ASEAN-Korea Centre General Secretary Kim Young-sun told an investment forum in Ha Noi on July 14.