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Korean enterprises are interested in investing in high-tech industries

Blog/ Diplomatic relation

According to the Foreign Investment Agency, Ministry of Planning and Investment, in the first six months of 2022, Korean investors registered to invest over US$2.66 billion in Vietnam, accounting for nearly 19% of the total investment capital, up 29.6% over the same period last year.

Trade turnover between Vietnam and Korea reached US$500 million in 1992, by 2021, it increased to US$78 billion. The two sides are aiming for bilateral import and export growth to reach US$100 billion in 2023 and US$150 billion in 2030.

In particular, it is impossible not to mention Samsung's investment. With the total investment value surpassing 20 billion USD of Samsung (in June 2022), Samsung also decided to increase investment capital by 841 million USD for Samsung Complex in Ho Chi Minh City - SEHC (of Samsung manufacturer. output TV and the big app device). Moreover, another Samsung project in Thai Nguyen - Samsung Electro-mechanics Vietnam (SVMC) also raised capital by US$267 million in June. With these new investments, Samsung continues to maintain its position as the largest foreign investor in Vietnam.

*Read the whole information through this infographic below:

investing in high-tech industries

Author: InterLOG sythetic & edit
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