HCMC – Several South Korean companies have expressed interest in Vietnam’s North-South high-speed railway and nuclear power projects, said Ko Tae Yeon, chairman of the Korean Chamber of Commerce in Vietnam (KoCham).
During a meeting with Prime Minister Pham Minh Chinh today, March 4, these major South Korean corporations pledged to expand cooperation and investment in Vietnam, according to the Government news site (baochinhphu.vn).
Ko Tae Yeon noted that in 2024, South Korean investment in Vietnam reached US$7 billion, up by 37.5% year-on-year. This brings South Korea’s cumulative investment in Vietnam to US$92 billion, with some 10,000 South Korean businesses operating in the country and employing over 900,000 people.
South Korean firms are eager to collaborate with Vietnam in key infrastructure and energy projects. KoCham and its members are committed to supporting Vietnam’s green economic growth, innovation, and transformation into a global investment hub.
KoCham hopes South Korean companies will take part in critical infrastructure projects such as the North-South high-speed railway and nuclear power plants.
Prime Minister Pham Minh Chinh welcomed further South Korean investment and cooperation, emphasizing Vietnam’s commitment to creating a transparent and favorable business environment. He encouraged South Korean businesses to expand operations in Vietnam, particularly in high-tech industries, clean energy, and semiconductor technology.
He also called for deeper integration into global supply chains and invited South Korean corporations to help establish research and innovation centers in Vietnam. Additionally, he urged South Korean firms to facilitate the exchange of experts and skilled workers between the two countries.
