Korean investment flows set to rise further in VietnamSince Vietnam and the Republic of Korea (RoK) set up diplomatic relations in 1992, bilateral ties have seen robust growth in all fields, from politics, economy, security-defence to culture, education and science-technology. Korean FDI came to Vietnam in three waves, according to the Korea Trade Investment Promotion Agency (KOTRA). More than 73 percent of Korean FDI firms in the country operate in service of the local market. Vietnam is set to welcome more Korean investment owing to efforts by several Vietnamese cities and provinces to promote their potential and seek links with Korean firms. Experts from KOTRA believe that Korean FDI in these sectors would bring benefits for both sides.
Source: VietNamNet News September 04, 2018 08:03 UTC