As of April 2010, the Republic of Korea (RoK) still remains the biggest foreign investor in Vietnam with more than 2,495 projects worth US$21.99 billion, according to the statistics from the Foreign Investment Department.
In the first five months of this year, the RoK had 99 new projects with a combined investment capital of US$2.214 billion and 22 old projects which increased capital by US$124 million.
After Vietnam joined the World Trade Organisation and the Free Trade Agreement between ASEAN and the RoK signed in 2007, two-way trade turnover between Vietnam and the RoK increased significantly from US$7.2billion in 2008 to US$9.5 billion in 2009.
According to Vietnam Commercial Office in the RoK, in the review period, two-way trade value reached US$5.6 billion, including US$1.1 billion from Vietnamese exports.
Republic of Korea biggest foreign investor in Vietnam
As of April 2010, the Republic of Korea still remains the biggest foreign investor in Vietnam with more than 2,495 projects worth US$21.99 billion.
Source: VOV
