Vietnam central region sees emerging FDI wave from South Korea
An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.
At a conference on the expansion of investment cooperation between South Korea and Vietnam’s central localities held in Danang on Friday, Kang informed that around 250 Korean firms are operating in the central region out of some 8,000 across the country.

Kang Boo Sung, consul general of South Korea in Danang, speaks at a conference on expanding investment cooperation between South Korea and Vietnam’s central localities in Danang city, November 24, 2023. Photo courtesy of Danang's news portal.
He expected more Korean businesses to come to the region to tap into appealing investment attraction policies set by local governments. “The success of the existing companies will serve as exemplary examples to lure more Korean firms to invest in the central region.”
Notable success stories of Korean businesses in this region include Hyundai, hotel chain The Shilla Hotels & Resorts in Quang Nam province; LG, Lotte, and Detium in Danang; and Doosan in Quang Ngai.
Foreign direct investment (FDI) from South Korea totaled $3.92 billion in the 10 months through October in Vietnam, ranking second among foreign investors. South Korea has poured $81 billion into the Southeast Asian country, taking the top position, according to data from the Ministry of Planning and Investment.
Two-way trade jumped 160 times in the past 30 years to $81.1 billion in 2022, making the two sides each other’s third largest trade partner, said the consul general.
Central localities long for Korean investment
Speaking at the conference, Danang Vice Chairman Ho Ky Minh noted that his city pays great attention to attracting South Korean investments given their punctuality, quality and alignment with the city’s development orientations.
Danang has licensed 1,016 FDI projects worth $4.2 billion. Of the number, 268 projects valued at $362 million came from South Korea, raking fifth in terms of value among 45 countries and territories investing in the city.

Officials of central Vietnam localities and executives of Korean and Vietnamese businesses participate in the conference in Danang city, November 24, 2023. Photo courtesy of Danang's news portal.
In neighboring Quang Nam province, with 193 FDI projects worth a combined $6 billion in place, South Korea is the largest investor in terms of number of projects, 58, with registered capital of $867 million. Their favorite industries are manufacturing, processing and services, said Nguyen Van Tan, deputy director of Quang Nam’s investment department.
Meanwhile in Quang Ngai, FDI from Korea has totaled $360 million in 15 projects. A heavy industry plant worth over $300 million of Doosan Vina, the largest foreign investment in the province, has posted positive results, according to local authorities.
Nguyen Xuan Bac, deputy director of Quang Nam’s provincial investment department, expressed hope to establish sisterhoods with Korean localities for improved trade and investment ties.
- Read More
Halal market presents major opportunities for Vietnamese businesses
The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.
Economy - Thu, August 7, 2025 | 9:18 pm GMT+7
Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant
Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.
Industries - Thu, August 7, 2025 | 8:03 pm GMT+7
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7