South Korea - the Biggest Investor in Vinh Phuc Province

11:13:31 AM | 7/10/2020

Vinh Phuc is always a top recipient of external investment flows. Among investing countries in the province, South Korea is currently the biggest investor with 207 projects.

According to a report released by the Department of Planning and Investment, Vinh Phuc province will have 444 valid FDI projects with a total registered investment capital of US$5.02 billion by the end of 2020. In the 2016-2020 period, the province attracted 265 new FDI projects with US$1.35 billion and allowed 202 projects to add US$1.21 billion to their projects. Among 18 investing countries and territories, South Korea is currently taking the lead with 207 projects and US$2.207 billion. The runner-up is Japan with 47 projects and US$1.17 billion, followed by Taiwan with 37 projects and US$943.66 million.

As expected, in the coming time, the investment wave from South Korea and Japan will increase rapidly because Thang Long Vinh Phuc Industrial Park (phase 2) is completed and Dong Soc Industrial Complex started to come into operation. Besides, Vinh Phuc will attract many investment projects from European countries and the United States.

By Quynh Ngoc, Vietnam Business Forum