South Korea's Business Giant SK Plans to Expand Investment in Viet Nam

Foreign direct investment (FDI) inflows to Viet Nam will remain robust in 2025. The country has benefited significantly from its FDI performance, both in accessing the global market and upgrading its productive capabilities.

Prime Minister Pham Minh Chinh (right) hosts a reception for Chairman of South Korea's SK Inc., Chey Tae-won at the Government Office in Ha Noi, February 14, 2025. Photo: VGP

Chey revealed the plan during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ha Noi on February 14.

SK also expects to strengthen cooperation with the National Innovation Center (NIC) through programs on human resource training and hydrogen and artificial intelligence research, said Chey.

The South Korean business giant has poured around US$3.5 in several Vietnamese companies such as Vingroup, Masan, and Imexpharm, according to the Ministry of Planning and Investment.

Prime Minister Pham welcomed SK's investment expansion plan in Viet Nam, calling on the Korean company to assist Viet Nam and invest in artificial intelligence research and development, database development, nuclear power, LNG-fired/wind/solar power development, green agriculture, and human resource training.

The same day, Chey also met with General Secretary To Lam.

Source: VGP