Vietnam’s Ministry of Foreign Affairs and Dong Nai City jointly hosted the 2026 South Korean Business Meeting on October 15, bringing together more than 200 South Korean and Vietnamese businesses and investors, alongside leaders from Ho Chi Minh City, Haiphong, Hue, Can Tho and Dong Nai.
A signing ceremony on cooperation in cultural industry development between Dong Nai City and South Korean partners (Photo: Hoang Binh).
Speaking at the conference, South Korean ambassador to Vietnam Lee Miyon said South Korean companies had been active in Dong Nai across a range of sectors, including manufacturing, components, spare parts and logistics, since the two countries established diplomatic relations.
South Korea is the largest foreign investor in Dong Nai by country and territory, with projects that have created quality jobs for more than 170,000 workers and contributed to the city’s economic development and bilateral economic ties.
Deputy foreign minister Ngo Le Van said South Korea was among Dong Nai’s leading investors in terms of both project numbers and registered capital, with many South Korean businesses having established long-term operations and achieved success in the city.
With its strategic position in the southern industrial, manufacturing and logistics network, and Long Thanh International Airport expected to begin operations soon, Dong Nai has considerable potential to become a multifunctional growth hub and a national centre for innovation, he said.
A discussion session on breakthroughs in trade, sustainable investment and high-quality human resource development in the digital era (Photo: Hoang Binh).
South Korea is also Vietnam’s largest foreign investor, with nearly 10,600 projects and registered capital of more than USD 102.7 billion. It is Vietnam’s third-largest trading partner.
Bilateral trade reached USD 82 billion in the first eight months of 2026, the highest figure for the same period on record. The growth puts the two countries on course to exceed USD 100 billion in trade for the first time this year, with a longer-term target of USD 150 billion by 2030.