The RoK poured US$2.05 billion into Vietnam in the first half of 2021 RoK investment at US$2.05 billion in first half According to the Ministry of Planning and Investment, Vietnam attracted US$15.27 billion worth of foreign direct investment (FDI) in the first half of 2021. This includes US$2.05 billion from the RoK, accounting for 13.4 percent of FDI pledges to Vietnam. Other leading investors include Japan and Singapore. During the reviewed period, Japanese and Singaporean investors focused on new FDI projects in Vietnam, while RoK pledges were made to existing projects. Specifically, US$750 million was added to the LG Display Vietnam Hai Phong's project. The additional amount brought the investment capital of the entire project to US$3.25 billion in total, making it the foreign-invested project with the highest value in the port city. LG Electronics is also considering building a new research and development (R&D) center in Vietnam. In addition to LG Electronics, numerous large RoK corporations operate effectively in Vietnam, such as Samsung, Doosan, Hyundai and Posco. In particular, Samsung has invested nearly US$20 billion in Vietnam, focusing on the provinces of Bac Ninh and Thai Nguyen, and on Hanoi and Ho Chi Minh City. Prospects of FDI attraction… Read full this story
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