South Korea is currently the largest foreign investor in Vietnam's textile and garment sector with $6 billion in investment capital.

Investment of the Republic of Korea (RoK) in Vietnam has gradually expanded from heavy industries to a wide range of high-tech industries, significantly contributing to the development of the manufacturing industry and high technology transfer between the two countries, according to the Korean Chamber of Commerce in Vietnam (KOCHAM).

At the meeting, MPI Minister Nguyễn Chú Dũng expressed confidence that the committee's activities, supported by research institutes and SME associations, will lead to effective joint projects, particularly in high-tech agriculture, food processing, pharmaceuticals, semiconductors, and electronics.

The Ministry of Foreign Affairs in collaboration with the People’s Committee of the southern province of Binh Duong organised the “Meet Korea 2024” programme on May 17 in the lead up to the 32nd anniversary of diplomatic relations between Vietnam and the Republic of Korea (RoK).

Vietnam's agricultural exports to the Republic of Korea (RoK) still have many opportunities to expand and grow when Vietnam and RoK have signed and implemented free trade agreements, including the ASEAN- Korea Free Trade Agreement (AKFTA), the Vietnam-Korea Free Trade Agreement (VKFTA), and the Regional Comprehensive Economic Partnership (RCEP).

The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have signed a memorandum of understanding (MoU) to strengthen bilateral cooperation, KOFOTI announced on August 24.

President of the Republic of Korea (RoK) Yoon Suk Yeol and his spouse are paying a state visit to Vietnam from June 22-24 at the invitation of President Vo Van Thuong. This is the first State visit to Vietnam by the RoK President, and Vietnam is also the first Southeast Asian country that the leader has visited since he took office in May 2022.

Vietnam and the Republic of Korea (RoK) have become top important partners of each other in various fields, with economic, trade and investment cooperation serving as both pillar and primary driver of their increasingly growing relationship, said Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

With Vietnamese goods making up only 2.7% and 3.3% in Japan and the Republic of Korea, respectively, there remains a wealth of opportunities open for Vietnamese exports to enter these promising markets, according to the Ministry of Industry and Trade (MoIT).

Since the Republic of Korea (RoK) started to invest in Vietnam in the 1990s, especially since the two countries set up their bilateral diplomatic relations in 2009, the country has become an important investor of Vietnam with capital rising year after year.