Viet Nam, Republic of Korea step up investment promotion in strategic sectors

The activities attracted nearly 100 delegates, including investors, small and medium-sized Korean enterprises, and numerous businesses participating in the supply chains of Samsung Electronics.

Speaking at the investment promotion seminar in Viet Nam, Vietnamese Ambassador Vu Ho said that the needs and conditions of Korean investors have changed considerably.

He noted that, whereas Korean investors previously focused mainly on where to invest, they are now particularly interested in which sectors to invest in, which partners to work with, and what long-term value can be created.

According to the diplomat, Viet Nam-Republic of Korea economic cooperation needs to shift from individual projects towards joint value-chain development; from leveraging cost advantages towards greater reliance on technology, human resources, and innovation; and towards closer links between capital, industrial infrastructure, manufacturing enterprises, and suppliers.

At the seminar, Viglacera introduced its capacity in industrial park infrastructure development, investment locations, and solutions to support Korean businesses in implementing projects in Viet Nam.

With its experience in developing industrial real estate, Viglacera can provide investors with not only production sites but also the necessary infrastructure, services, and connections with Vietnamese agencies, localities, and businesses.

On the same day, the Vietnamese Embassy, in coordination with Viglacera, organised a roundtable on promoting Viet Nam-Republic of Korea investment cooperation in semiconductors and electronics, with the attendance of businesses participating in the supply chains of Samsung Electronics.

At the roundtable, Ambassador Vu Ho called on Korean businesses to shift from being suppliers in the Republic of Korea to becoming production partners in Viet Nam, viewing Viet Nam not merely as a place to expand production capacity but as a strategic link in global supply chains.

“The quality of an investment project is measured not only by the amount of capital or the number of factories but also by the number of engineers trained, technologies transferred, research and development activities established, and Vietnamese businesses able to participate in the supply chain,” Ambassador Vu Ho stressed.

In this process, Ambassador Vu Ho said that Viglacera, Samsung Electronics and the network of suppliers could become core forces, with one side providing production sites and infrastructure, while the other generates industrial, technological, and market demand.

When these two forces are connected with financial institutions such as IBK and Vietnamese businesses, investment opportunities can be turned into concrete projects more quickly.

The Vietnamese Embassy affirmed that it would continue to accompany businesses in studying policies; selecting locations; connecting them with Vietnamese ministries, agencies, localities, and partners; and coordinating efforts to address legitimate difficulties arising during project implementation.