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Vietnam Today

South Korea largest investor in Vietnam

Released at: 14:34, 25/03/2015

South Korea largest investor in Vietnam

Investment now totals $38.1 billion in 4,279 projects.

by Hoai An

In the first quarter of 2015, South Korea invested in 89 new projects in Vietnam with 33 others increasing their project capital, totaling $491 million. The country currently stands in first place among foreign investors in Vietnam.

As at March, South Korean investors had 4,279 projects in total, with registered capital standing at $38.1 billion. Average capital is about $8.9 million per project.

South Korean investors are involved in all sectors of Vietnam's economy. The majority of its investors focus on the manufacturing and processing industries, with 2,758 projects and $24.6 billion in capital, accounting for 60 per cent and 64 per cent, respectively. The real estate sector was the second-most popular, with 82 projects and $6.99 billion, or 18.3 per cent of the total investment capital from South Korea in Vietnam, while the construction sector was third with 583 projects and $2.4 billion in capital, accounting for 6.3 per cent of capital.

Hanoi received the most interest capital-wise, with $5.3 billion in 892 projects, accounting for 21 per cent of total projects and 14 per cent of capital. Thai Nguyen followed, with $4.7 billion in 43 projects, accounting for 12.4 per cent. Next most-popular was Dong Nai, with $4.6 billion in 318 projects, or 12.1 per cent.

In terms of projects numbers, Ho Chi Minh City attracted the most interest from South Korean investors, with 1,019 projects worth $4 billion, accounting for 24 per cent of total projects and 10.5 per cent of total investment capital.

Regarding investment type, most projects from South Korea are in the form of 100 per cent foreign capital, with over 3,700 projects and $32.4 billion, or 85 per cent.

According to the Foreign Investment Agency, South Korea has been one of the leading foreign investors in Vietnam. Many large corporations have invested in the country and intend to expand soon. South Korea will remain a traditional and trusted partner of Vietnam.

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