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Implications of changes in the structure of trade and foreign investment between Korea and Vietnam

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Frame of Image en the two countries are analyzed as well. It also reviews the recent trend and changes of Korea’s investment to Vietnam,
Implications of Changes in the Structure of Trade and Foreign Investment between Korea and Vietnam
willingness for closer integration with the global economy and its political stability will attract more foreign investment to Vietnam. Vietnam has also risen as an economically important partner for Korea. Vietnam ranks the third largest importer to Korea, and Korea is now the largest foreign investor in Vietnam. The volume of trade between the two countries had remarkably increased to 37.6 billion from 13 billion USD over the five years from 2010 to 2015. During the period, characteristics of foreign investment in Vietnam had changed, and the government of Vietnam began striving for industrial development. These changes have influenced the structure of investment and trade between Korea and Vietnam. This report aims to analyze the structural changes in trade and investment between the countries and to provide implications for potential Korean investors. First, this report one of the main factors causing changes in trade. Based on the analysis, it finally provides with implications for Korean potential investors and companies. 2. Trade Structure between Korea and Vietnam
(1) Vietnam’s Trade
Vietnam’s Trade to the world has consistently grown since 2010. It has been mainly driven by an increase of foreign investment inflow as a result of significant attention


Full Text
Title Implications of changes in the structure of trade and foreign investment between Korea and Vietnam
Similar Titles
Material Type Reports
Author(English)

Jung, Sunin

Publisher

[Sejong, South Korea] : Korea Institute for Industrial Economics and Trade

Date 2016-12
Series Title; No KIET Industrial Economic Review / vol. 21(no. 6)
Pages 10
Subject Country South Korea(Asia and Pacific)
Vietnam(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding Korea Institute for Industrial Economics and Trade
License

Abstract

As Vietnam has emerged as a post-China magnet for foreign investment where businesses can enjoy low production cost based on abundant and cheap labor, global companies have accelerated their investment in Vietnam recently. The government of Vietnam’s strong willingness for closer integration with the global economy and its political stability will attract more foreign investment to Vietnam. Vietnam has also risen as an economically important partner for Korea. Vietnam ranks the third largest importer to Korea, and Korea is now the largest foreign investor in Vietnam. The volume of trade between the two countries had remarkably increased to 37.6 billion from 13 billion USD over the five years from 2010 to 2015. During the period, characteristics of foreign investment in Vietnam had changed, and the government of Vietnam began striving for industrial development. These changes have influenced the structure of investment and trade between Korea and Vietnam. (The rest omitted)