S.Korea Remains Biggest Foreign Investor in Vietnam
South Korea has so far poured US$13.5 billion into Vietnam, taking the lead among 80 foreign countries and territories making direct investment in the country, Vietnam News Agency said.
Of the total, some US$2.7 billion was invested into Vietnam&rsquos stock market and the rest are into construction projects, the news source said.
Last year, South Korean companies invested US$4.58 billion in Vietnam, ranking the first among foreign investors in the Southeast Asian country for the two consecutive years.
Keangnam Group was the biggest South Korean investor in Vietnam in 2007 with a US$1-billion project to build the 70-storey Hanoi Landmark Tower in Hanoi.
It was followed by Charmvit Group, which will build a US$500 million 27-storey Hanoi Plaza Twin Tower with a five-star hotel and a high- office building.
The Korea Trade Investment Promotion Agency (Kotra) said that not only small and medium-sized businesses but also more big firms from South Korea are eying Vietnam&rsquos key industrial sectors such as petrochemical, oil refinery and steel projects.
The agency, however, noted that businesses from South Korea have still complained about poor infrastructure, high land price as well as lack of information about Vietnam&rsquos investment environment. (VNA)
Vietnamese
