Vietnam South Korea

Vietnam is a now home to dozens of South Korean chaebols, including Samsung, Hyundai, Lotte, SK, and Daewoo.

Strengthening cooperation and trade promotion between Vietnam and South Korea is a key priority to achieve the goal of US$100 billion in bilateral trade turnover by 2023.

Vietnam prioritizes protecting the legitimate interests of both domestic and foreign investors, especially strategic investors.

South Korea is currently the largest foreign investor in Vietnam, with total FDI commitments of $80.5 billion, and the third trade partner with a total turnover of $88 billion in 2022.

The contest aims to enhance ties between Vietnam and South Korea while disseminating President Ho Chi Minh’s thoughts.

A high level of political trust is the foundation for close cooperation between the two countries and ensures mutual benefits.

Hanoi welcomes the South Korean company's plans to participate in environmental and urban projects in the city.

South Korean investors have poured US$79 billion into 19 out of 21 economic sectors in Vietnam.

Singapore continued to be Vietnam’s largest investor during the seven months with $4.3 billion, or 27.7% of the total newly registered FDI projects.

The high complementary nature of the two economies has laid the foundation for both to significantly boost economic, trade, and investment cooperation over the years.