Ranked first among countries and territories investing in Vietnam, theRepublic of Korea (RoK) has also gained the confidence of Vietnamesemarket over the two past decades thanks to its leading brand names ofDaewoo, Huyndai, LG, Samsung, with more than 3,000 valid projects worth23.65 billion USD.

Vietnam’s most attractivesectors for RoK investors are processing industries, manufacturing realestate, construction and transport. They focus on the most dynamiceconomic areas of Hanoi, Ba Ria – Vung Tau province, Ho Chi Minh Cityand Dong Nai province.

The RoK investors have madeefforts to improve living standard and working conditions for employees,as well as protect the environment and develop community facilities.

In October 2011, the Ministry of Investment andPlanning of Vietnam cooperated with the RoK’s Ministry of KnowledgeEconomy to hold the first corporate social responsibility award ceremonyfor RoK investors in Vietnam. Individuals and businesses were honoured,including leaders of Auntex, Nano Tech Company; and the companies ChangShin Vietnam, Doosan Vina, Posco E&C, and Hansoll Vina.

Director General of the Hanoi-based Korean Trade and InvestmentPromotion Agency Sun Seog Ki said the awards brought great encouragementfor all Korean investors, motivating them to promote social activitiesin future.

Despite the context of economic difficulties, Korean investors enthusiastically maintain their business in Vietnam./.