RoK splashes out in Vietnam: KOTRA
Monday, 2017-06-12 11:22:12
NDO/VNA – The Republic of Korea tops the list of investors 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.
Between 1988 and 2016, RoK investors have poured US$50.5 billion into the Southeast Asian country, through 5,773 projects. The sum accounts for 30.8 percent 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, with14.8% into real estate, and 5.4% into construction.
Japanese and Singaporean investors followed closely behind with US$42.4 and US$38.2 billion respectively. 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 that the Vietnamese economy is growing sustainably, thus attracting investment flow.