Under the partnership, SK Group will be able to co-invest with Vietnamese companies in new businesses, enjoy higher priority when making an equity investment in their Merger and Acquisition deals, and invest in Masan and Vingroup's listed subsidiaries.

SK Group has launched a 860 million USD corporate partnership fund with the National Pension Service of Korea to increase investment in Vietnamese companies.

In May, SK Group invested 1 billion USD to buy a 6.1 percent share in Vingroup, and 470 million USD for a 9.4 percent share in Masan Group last year.

Naturon Co Ltd, a Korean-based textile company, noted that Vietnam's market has high potential because of the country's stable, high-growth economy and young population.

In addition, the RoK government's New Southern Policy has identified ASEAN and Vietnam as markets for which the RoK will prioritise its investment.

Korean businesses are pouring more money into retail, finance and green energy industries in Vietnam as opposed to mostly electronic components as they have done in the past. The food processing industry is also seeing more investment from Korean businesses.

Vo Tanh Thanh, deputy chairman of the Vietnam Chamber of Commerce and Industry, said the Vietnamese government was improving foreign investment attraction policies for environmentally-friendly projects that use advanced technology, and for companies that want to work closely with Vietnamese businesses.

Vietnam - RoK economic, trade and investment ties grow strong

The Republic of Korea is one of Vietnam’s leading partners, ranking first in investment, second in official development assistance provision and third in trade.

Hanoi’s leader promises to facilitate Korean investment projects

Chairman of the Hanoi People’s Committee Nguyen Duc Chung said the capital city is ready to create favourable conditions for projects by businesses from the Republic of Korea (RoK).

Tan Yen accelerates investment promotion in locality

(BGO)- In line with economic development in 2019, Tan Yen district (Bac Giang province) sees dramatic development of enterprises in both quantity and quality. 

Vietnam, US look to expand trade, investment cooperation

The US attaches special importance to developing cooperative ties with Vietnam in different fields, visiting US Secretary of Commerce Wilbur Ross told Minister of Industry and Trade Tran Tuan Anh.

Vietnam promotes trade exchange and investment at SIPA 2019

Vietnamese Trade Counsellor to Algeria Hoang Duc Nhuan attended and promoted trade exchange and investment with Oran businesses in particular and Algerian firms as a whole at the eighth International Fair for Fisheries and Aquaculture (SIPA 2019), which opened in the Algerian city on November 6.

Source: VNA