South Korea is a major FDI investor in Vietnam - Photo: NA
CICON Vietnam 2025 conference is expected to be held on April 17, at the Intercontinental Hotel, Hanoi.
A representative from Korea CEO Summit (KCS) - the conference organizer - confirmed this to Tuoi Tre Online right before the event.
Many Vietnam - Korea investment deals are about to be revealed?
Ms. Pham Thi Thuy An - Head of the CICON Vietnam 2025 Organizing Committee said: "The economic cooperation conference is not just a "social" meeting or a simple trade promotion. Businesses of the two countries have had a process of in-depth research and negotiation before the event.
"As a bridge between the two sides, we have seen significant progress in this process. For example, many leading enterprises in Vietnam in fields such as digital technology, industrial park construction, etc. are looking for investment partners.
Ms. Pham Thi Thuy An
In response, many large investors from Korea with strong potential interested in these fields have been caught and they are working effectively together," said Ms. An.
Ms. An also revealed that there will be contracts signed right at the event.
This is an innovation conference, the first in a series of connecting activities in the following months, in which many other in-depth programs and cooperations will be opened to aim at increasing quality FDI from Korea to Vietnam.
Not only an opportunity for businesses to learn about investment, the conference is also a place to share the vision of the two countries with the participation of leaders of ministries and important figures from both sides.
In which, Vietnam will convey important messages about policies and strategies to attract investment in the new period.
Will new tensions from tariffs affect FDI from South Korea?
Notably, the large-scale investment conference with the participation of hundreds of Korean officials and businesses took place in the context of the escalating trade war and the constantly changing new tariffs, causing the investment market in Vietnam to go through certain difficult periods.
The US has postponed the imposition of reciprocal tariffs on Vietnam for 90 days, starting from April 10. However, the possibility of a higher tariff than the current one still needs to be considered when negotiations come to an end.
On this issue, Ms. An has a point of view: There are always two sides to an issue. The US tariff policy is an objective factor that impacts the economy and trade from the outside.
After the initial days of confusion and fear, many businesses need to be more confident and calm than ever. This is the time when we need to find solutions for ourselves to find our own way and stand firm in the face of difficult situations.
Mr. Vincent Pham
Mr. Vincent Pham - head of CICON organizing committee on the Korean side, also admitted that the US tariff story will affect the investment capital flow of Korean enterprises.
"Some Korean businesses soon realized that they had fewer opportunities to do business in the US market. Instead, they expanded their search to other markets, including Vietnam," he said. Vietnam and Korea have many similarities in culture and business. Therefore, we need to take advantage of this opportunity as an important lever to promote internal resources.
Mr. Vincent Pham added: many Korean investors affirmed their determination and readiness to invest in key areas of Vietnam in the new era.
Accordingly, at this economic cooperation conference, 3 main investment areas will be "focused" on, including: digital technology, green energy and smart cities.
For example, in the field of smart urban areas, this person said that Korean investors want to develop industrial parks that integrate 4.0 technology, automate production, etc. Workers' housing areas are not only places to eat and live, but also include a variety of other amenities, creating new standards.
In recent times, the Vietnamese Government's drastic reforms and restructuring of the government apparatus have become an important key that makes foreign investors more confident when considering investing in the Vietnamese market.
Source: https://tuoitre.vn/hang-tram-doanh-nghiep-han-quoc-sap-sang-viet-nam-hua-hen-lan-song-dau-tu-moi-20250414074015798.htm
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