The Republic of Korea (RoK) has retained its place as the leading foreign direct investment (FDI) partner of Vietnam with a total capital of US$7-9 billion having been invested consecutively over the previous five years, according to Deputy Minister of Planning and Investment Vu Dai Thang.
Vietnam currently enjoys a healthy relationship with the RoK with the country being its largest FDI partner with nearly US$70 billion of investment (including some large-scale investment projects through a third nation).
Most of the investment projects focus on the manufacturing industry, thereby contributing greatly to Vietnam’s stability, development and transformation of the country’s growth model.
Over the past three years, there have been a number of important mergers and acquisition (M&A) deals involving the RoK companies in Vietnam.
In 2018, the total value of capital contribution and share acquisition of the RoK businesses in Vietnam was estimated at US$1.4 billion, up 50% on- year.