RoK splashes out in Vietnam: KOTRA
The Republic of Korea topped the investor line-up in Vietnam with over US$50 billion as of the end of 2016, according to statistics from the Korea Trade-Investment Promotion Agency (KOTRA) released on June 12.
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Between 1988 and 2016, RoK investors poured US$50.5 billion in 5,773 projects in the Southeast Asia country. The sum accounted for 30.8% of the total foreign direct capital recorded in Vietnam.
The lion’s share of the RoK investment, at 71%, was channeled into the manufacturing sector, 14.8% into real estate, and 5.4% into construction.
Japanese and Singaporean investors followed closely behind with US$42.4 billion and US$38.2 billion. The top five also included Chinese Taiwan with US$31.8 billion and the British Virgin Islands with US$20.4 billion.
KOTRA representative Kim Doo-hee said the Vietnamese economy is growing sustainably, thus attracting investment flow.
