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Republic of Korea tops Vietnam’s foreign investor list
06/08/2010 - 227 Lượt xem
South Korean businesses’ direct investment in Vietnam has increased threefold this year, making the Republic of Korea the number one investor among the 76 countries and territories investing in Vietnam.
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In 2006, South Korean businesses have invested in 203 projects in Vietnam with a total investment capital of US$2.4 billion, according to the Vietnamese Ministry of Planning and Investment’s Foreign Investment Department. Most projects are in the industrial, construction and tourism sectors. In November, world leading Posco Steel Group from the RoK was licensed to build a $1.12 billion steel plant in the southern province of Ba Ria-Vung Tau. Kumho Asiana group has also started construction of a $380 million tyre factory in southern Binh Duong province. The group has also taken part in a project to build office buildings and new urban areas. The newly-licensed Lotte retailing and supermarket group is planning to build ten modern supermarkets and a chain of fast-food shops in Vietnam. Foreign direct investment (FDI) inflows in Vietnam have reached a record high of US$10.2 billion in mid-December, far exceeding the 2006 target of $6.5 billion. The department also said Vietnam will focus to attract foreign investment from multi-national groups, facilitating these groups to build research and development centers, technological nurseries linked with human resource training. Source: VNA |
