The past financial year saw strong investment in Vietnam by RoK companies and the outlook for 2015 looks to be another sound year, according to a recent survey by the Planning and Investment Ministry's Foreign Investment Agency (FIA).
The past financial year saw strong investment in Vietnam by RoK companies and the outlook for 2015 looks to be another sound year, according to a recent survey by the Planning and Investment Ministry’s Foreign Investment Agency (FIA).
According to the FIA, last year investment certificates were issued to 505 new RoK projects, while 179 others increased their investment, for a combined total investment for the year of US$7.32 billion.
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RoK investors accounted for 36.2% of the worldwide foreign investment in Vietnam as of the end of 2014 with investments concentrated in the processing and manufacturing industries.
In total there were 4,063 projects with cumulative investment of US$36.7 billion throughout the country.
A recent survey by the Korea International Trade Association (KITA) also showed that most RoK firms operating in Vietnam in 2014 have plans to expand operations in 2015 underscoring the confidence they have in business prospects.
A number of big Korean-invested projects received license in January 2015, including Taekwang MTC (US$43.2 million) in the southern province of Dong Nai, specializing in sport shoes for export.
(Source:VOV)
