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RoK investors score highly in local market
Ranked first among countries and territories investing in Vietnam, the Republic of Korea (RoK) has also gained the confidence of Vietnamese market over the two past decades thanks to its leading brand names of Daewoo, Huyndai, LG, Samsung, with more than 3,000 valid projects worth $23.65 billion.
Vietnam’s most attractive sectors for RoK investors are processing industries, manufacturing real estate, construction and transport. They focus on the most dynamic economic areas of Hanoi, Ba Ria – Vung Tau province, Ho Chi Minh City and Dong Nai province.
The RoK investors have made efforts to improve living standard and working conditions for employees, as well as protect the environment and develop community facilities.
In October 2011, the Ministry of Investment and Planning of Vietnam cooperated with the RoK’s Ministry of Knowledge Economy to hold the first corporate social responsibility award ceremony for RoK investors in Vietnam.
Individuals and businesses were honoured, including leaders of Auntex, Nano Tech Company; and the companies Chang Shin Vietnam, Doosan Vina, Posco E&C, and Hansoll Vina.
Director General of the Hanoi-based Korean Trade and Investment Promotion Agency Sun Seog Ki said the awards brought great encouragement for all Korean investors, motivating them to promote social activities in future.
Despite the context of economic difficulties, Korean investors enthusiastically maintain their business in Vietnam.
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Vietnam is willing to create favourable conditions for US businesses to invest in the country, said Deputy Prime Minister Nguyen Xuan Phuc.