RoK firms pour 2.43 billion USD into Vietnam in eight months
Businesses from the Republic of Korea (RoK) poured over 2.43 billion USD into Vietnam in the first eight months of 2021, ranking third in terms of total registered capital after Singapore and Japan.
A mobile phone production line of Samsung Vietnam in Bac Ninh province (Photo: VNA)
Hanoi (VNA) – Businesses from the Republic of Korea (RoK) poured over2.43 billion USD into Vietnam in the first eight months of 2021, ranking thirdin terms of total registered capital after Singapore and Japan.
According to the Foreign Investment Agency under the Ministry of Industry andTrade, RoK firms invested in 251 new projects worth nearly 759 million USD andpumped an additional 1.18 trillion USD into 179 existing projects. Meanwhile,their capital contributionsand sharepurchases reached 494.46 million USD.
With 9,159 valid projects worth 72.34 billion USD, the RoK now is the biggestforeign investor in Vietnam, the agency said.
This proves that RoK businesses have greatconfidence in Vietnam’s investment environment, Vice Chairman of the Vietnam Association of Foreign-InvestedEnterprises Nguyen Van Toan told the Cong Thuong (Industry and Trade) newspaper.
Despite the complicated developments of the COVID-19 pandemic, the number of newly-registered andcapital-added projects invested by Korean firms is still increasing.
Nearly 60 Vietnamese localities nationwide have attracted investment from theRoK, led by the northern province of Bac Ninh with 957 projects worth 10.7billion USD, accounting for 14.9 percent of the northeast Asian country’s totalinvestment in Vietnam.
The RoK’s investment projects have been quickly disbursed, significantlycontributing to socio-economic growth and development in the Southeast Asiancountry, Toan said.
RoK firms’ projects mainly focus on the processing and manufacturing industry with4,543 projects totaling 53.1 billion USD, making up 73.5 percent of the country’sinvestment total in Vietnam./.
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A mobile phone production line of Samsung Vietnam in Bac Ninh province (Photo: VNA) 
