Tuesday, January 30, 2007

Koreans Ranked Top Investors in Vietnam, Cambodia [- South Korea's investment in VN is 2.7 times higher than in Cambodia]

Jan. 30, 2007
Arirang News (South Korea)

Korea was the number one foreign investor in Vietnam and Cambodia last year. The Hanoi and Phnom Penh offices of the Korea Trade-Investment Promotion Agency say Korean firms invested nearly US$2.7 billion in Vietnam last year - twice that of second-place Hong Kong.

Korean investment accounts for more than 34 percent of foreign investment in Vietnam. Analysts say large Korean ventures in construction and heavy industries have resulted in a rapid increase in investment.

Korea is also the biggest investor in Cambodia after receiving investment approval in oil field and city development projects worth $1 billion.

3 comments:

Anonymous said...

If the calculation of the SK investment as per capita, SK investment in Cambodia is higher than in Vietnam.

Anonymous said...

Thanks you for clarifying this.

Anonymous said...

Very good observation, post8:18.