Korean enterprises shift investment in high technology

Vietnam continues to benefit from the wave of production supply chain shifts, including high-tech capital flows from Korean businesses.

Investment movement

Recently, the two "big guys" from the land of Kimchi, Samsung and LG, have all talked about shifting production and investing in research and development (R&D) activities in Vietnam. While Samsung plans to move PC production from China to Vietnam to reduce costs and maintain business competitiveness, LG is considering developing a new R&D center in Vietnam as part of its expansion. trying to expand its presence in the market.

Kim Heung Soo, Chairman of the Korea Chamber of Commerce and Industry in Vietnam (KoCham) commented, Korean investment in Vietnam in the past often focused on industries. manufacturing such as apparel, bags, and footwear, but has recently diversified into high-value-added high-tech industries such as electronics, information technology, automotive, and equipment industries. built, distributed, and serviced. Besides Samsung and LG, some leading companies actively investing in this industry are Hyosung, SK, Hyundai Motors...

According to experts, recently, multinational companies making investments in Vietnam emphasize the view that Vietnam continues to benefit from the wave of shifting production supply chains from China. The fact that Korean companies build R&D facilities in Vietnam such as Samsung and LG are positive signs that Vietnam can gradually move up the value chain and attract more quality foreign investments. high quantity.