More than 700 enterprises of Vietnam and the Republic of Korea (RoK) took part in a business forum in Seoul on November 28 that was expected to help trigger a new wave of Korean investment in Vietnam.

Vietnam is seen as an increasingly attractive investment destination for many South Korean firms, supported by the country’s growing demand for high-tech products and the government’s incentives applied for the industries.

South Korean investors are taking more of an interest in Vietnam's IT and financial sectors given the prospects created by new technology.

A shortage of skilled workers is among the biggest problems they face, South Korean companies told authorities in the southern province of Binh Duong.

The Republic of Korea’s LG Electronics plans to move its smart phone production to Vietnam to cut down losses for mobile devices business since the second quarter of 2017, Yonhap News Agency reported April 24.

 Republic of Korea (RoK) businesses have poured additional 6.72 billion USD into Vietnam, making the RoK the largest among 62 foreign investors in the Southeast Asian nation.