Deputy Minister of Planning and Investment Nguyen Bich Dat led a delegation to the seminar involving about 100 RoK businesses.

After Vietnam and the RoK officially established diplomatic ties in 1992, many RoK groups have come to Vietnam with large-scale projects in hand and the KDB set up a branch in Ho Chi Minh City in 2008 to better provide them with services.

Deputy Minister Dat mentioned that the RoK is one of Vietnam’s largest foreign investors, with a total of 2,300 projects estimated at over USD22 billion in investment capital. So far, RoK businesses have contributed nearly USD1 billion to the state budget of Vietnam and generated jobs for more than 350,000 Vietnamese labourers.

Currently, RoK businesses have invested in almost every area of Vietnam’s national economy, including telecommunications, real estate development, car making, shipbuilding, the hotel and restaurant industry, infrastructure construction, and retail services.

Recently, the Korea Chamber of Commerce and Industry (KCCI) and the Korea Trade-Investment Promotion Agency (KOTRA) coordinated with the Vietnamese Embassy in the RoK and relevant agencies to organise a series of investment promotion forums in Seoul and Pusan to help RoK businesses to seek investment opportunities in Vietnam.