News & Media / Vietnam-South Korea relations expand to offer further business opportunities
Vietnam-South Korea relations expand to offer further business opportunities
10 Sep 2024 | PUBLISHED BY Vietnam Investment Review

The Vietnamese government has encouraged South Korean companies to invest further, particularly in advanced technology, electronics, semiconductors, AI, renewable energy, and human resource development. Notable South Korean investments include those from Samsung, Hyundai Motor, Lotte Group, and Hyosung Corporation. These investments reflect the growing economic integration and collaborative opportunities between Vietnam and South Korea.

Samsung: An investment of $22.4 billion and employing around 90,000 people in Vietnam. Additionally, 310 Vietnamese firms are part of Samsung’s supply chain, and its R&D centre in Hanoi employs about 2,500 staff.

Hyundai Motor: An investment of over $410 million in green transportation and local supplier integration, aiming to support Vietnam’s domestic industries and technological progress.

For more details, click here