According to the Korea Trade-Investment Promotion Agency, Vietnam, with a population of over 96 million, is an attractive market for Korean investors.
As of November 2018, the RoK was the largest foreign investor in Vietnam.
Economists said the RoK will further boost investment in Vietnam in coming years, including in apparel, leather and footwear, which will bring many opportunities to Vietnamese start-ups.
The Vietnam Tech Investment Report by ESP Capital and Cento Ventures showed that Vietnam’s start-up ecological system has rising to the top three best among six surveyed ASEAN member states, behind only Indonesia and Singapore.
The report also noted that investment from the RoK accounted for the largest portion out of a combined US$246 million poured into Vietnamese start-ups in the first half of this year.