Republic of Korea splashes out in Vietnam: KOTRA

10:50 | 13/06/2017 Economy

The Republic of Korea topped the investor line-up in Vietnam with over 50 billion USD as of the end of 2016, according to statistics from the Korea Trade-Investment Promotion Agency (KOTRA) released on June 12.

Workers at a Samsung's factory in Vietnam - Source: VNA

Between 1988 and 2016, RoK investors poured 50.5 billion USD in 5,773 projects in the Southeast Asia country. The sum accounted for 30.8 percent of the total foreign direct capital recorded in Vietnam.

The lion’s share of the RoK investment, at 71 percent, was channeled into the manufacturing sector, 14.8 percent into real estate, and 5.4 percent into construction.

Japanese and Singaporean investors followed closely behind with 42.4 and 38.2 billion USD. The top five also included Chinese Taiwan with 31.8 billion USD and the British Virgin Islands with 20.4 billion USD.

KOTRA representative Kim Doo-hee said the Vietnamese economy is growing sustainably, thus attracting investment flow.

Theo VNA