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South Korean FDI Expands in Vietnam, Strengthening 'Ties' After 30 Years of Cooperation
Economic cooperation between Vietnam and South Korea has deepened over 30 years, with South Korean FDI becoming a crucial investment destination. With accumulated registered capital of nearly $99 billion across over 10,400 projects, both nations are actively promoting high-tech and innovation collaborations.
Economic cooperation between Vietnam and South Korea has deepened significantly over more than 30 years. Vietnam is now one of the most important investment destinations for South Korean businesses, with over 10,400 projects and accumulated registered capital nearing $99 billion. Vietnam and South Korea are jointly promoting innovation and enhancing competitiveness to create new growth drivers. The shift towards high-tech cooperation and innovation is a notable trend, signaling a new phase in bilateral relations. Efforts are underway to create a more conducive environment and institutional framework to propel the comprehensive strategic partnership between Vietnam and South Korea into a new phase of development. Cultural exchange is also recognized as a crucial foundation for the bilateral relationship.
Original source
Nhan Dan