The Republic of Korea (RoK) poured US$2.32 billion into Vietnam in the first four months of 2018, accounting for nearly 30% of the inflow of investment in the Southeast Asian country. The RoK's Samsung Group constantly expands investment in Vietnam - Illustrative image With the figure, the RoK topped the list of 82 countries and territories investing in Vietnam in the period, according to the Foreign Investment Agency (FIA), under the Ministry of Planning and Investment. Notably, several large-scale projects undertaken by the RoK registered to increase their capital in the January – April period. For example, LG Innotek proposed adding US$501 million to its camera module production project at Trang Due industrial park in the northern port city of Hai Phong, raising its total registered capital to US$1.05 billion. Meanwhile, Kefico Vietnam Co. Ltd. registered to raise its capital by US$120 million for its project in the northern province of Hai Duong, which specializes … [Read more...] about Korean firms expand investment in Vietnam
Foreign investment in vietnam
Korean firms expand investments in Vietnam
With the figure, the RoK topped the list of 82 countries and territories investing in Vietnam in the period, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment. Workers at a Korea-invested mobile phone spare part manufacturing factory in Vietnam's Northern province of Thai Nguyen Notably, some large-scale projects of the RoK registered to increase capital in the January – April period. For example, LG Innotek proposed adding USD 501 million to its camera module production project at Trang Due industrial park in the Northern port city of Hai Phong, raising the total registered capital to USD 1.05 billion. Meanwhile, Kefico Vietnam Co., Ltd. registered to raise capital by USD 120 million for its project in the northern province of Hai Duong, which specializes in manufacturing components and accessories for motored vehicles. Recently, the Korea Trade-Investment Promotion Agency (KOTRA) has revealed its plan to move its … [Read more...] about Korean firms expand investments in Vietnam
RoK’s indirect investment in Vietnam on the rise: State securities official
An investor tracks stock transactions (Photo: VNA) Hanoi (VNA) – The Republic of Korea (RoK) is currently the biggest foreign investor in Vietnam, and its increasing presence in Vietnam’s stock market is helping attract indirect Korean investment in the country, said Chairman of the State Securities Commission of Vietnam (SSCV) Tran Van Dung. He said in 2017, the stock market continued to be a magnet for foreign indirect investment which totalled 32.9 billion USD, up by 90 percent from 2016. Foreign indirect investment kept pouring into the country in the first three months of 2018, rising by 14 percent from the end of 2017 to 37.6 billion USD in late March. Korean indirect investment is rising sharply though it has yet to match potential, Dung said, noting that 4,846 RoK investors are present in Vietnam’s stock market. There are five RoK-invested securities companies in the market at present, namely Korea Investment & Securities, Mirae Asset Daewoo, Shinhan … [Read more...] about RoK’s indirect investment in Vietnam on the rise: State securities official
PM encourages Singaporean firms to invest in Vietnam
During his reception for a delegation of Singaporean investors led by Douglas Foo, President of the Singaporean Manufacturing Federation (SMF) in Hanoi on April 6, PM Phuc highlighted the Vietnam-Singapore strategic partnership, saying that the bilateral relations are growing fruitfully with a strong surge in Singapore’s foreign direct investment (FDI) flow into Vietnam. He highly evaluated late Singaporean PM Lee Kuan Yew’s initiative on connecting the two economies, and voiced his hope that Vietnamese and Singaporean enterprises will gain greater achievements in cooperation. PM Nguyen Xuan Phuc receives Singaporean investors. Photo: chinhphu.vn For his part, Douglas Foo expressed his impression at the development of the Central city of Da Nang, saying that the city has potential and capability to become a second Singapore in the future. He suggested Da Nang build a “garden city” as a highlight to lure tourists, adding that the city can become … [Read more...] about PM encourages Singaporean firms to invest in Vietnam
Foreigners keen on investing in Vietnam
Illustrative image (Source: VNA) Hanoi (VNA) – A total of 1,285 deals were made by foreign investors to contribute capital to and buy shares of Vietnamese businesses with total capital of 1.89 billion USD in the first quarter of this year, up 121.6 percent against the same period last year. The increase was attributed to the country’s more open investment environment as investors who want to contribute capital or buy shares do not have to register for investment licences like those conducting foreign direct investment (FDI) projects. Therefore, “many investors choose this type of investment, since they do not waste time to carry out investment procedures and quickly gain access to the Vietnamese market,” said Nguyen Mai, head of the Vietnam … [Read more...] about Foreigners keen on investing in Vietnam