VN, South Korea trade, investment ties on strong footing: seminarWednesday, July 17,2019
AsemconnectVietnam - Nguyen Thi Huyen Ngoc, head of the investment promotion division at the Investment Promotion Centre in the south, said South Korea had been the biggest foreign investor in Viet Nam for many years, investing over US$64.5 billion mainly in manufacturing (74.1 per cent), real estate (13.3 per cent) and construction (4.3 per cent).
Korea is now Viet Nam's fourth largest trade partner and largest foreign investor after their trade expanded rapidly over the years.
The Viet Nam-Korea Free Trade Agreement that took effect in 2015 had contributed greatly to boosting investment and trade ties between the two sides, he said.
However, businesses must make good preparations to better utilise FTAs, he said.
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