In mobile bongdaso 30th anniversary of mobile bongdaso establishment of Korea-Vietnam relations, mobile bongdaso Federation of Korean Industries (FKI) on December 21 announced mobile bongdaso analysis results of mobile bongdaso change in investment and trade between mobile bongdaso two countries, Korea and Vietnam in mobile bongdaso period of 1992-2021.
Korea's trade surplus with Vietnam has been continuously increasing since 300 million USD in 1992, especially this number is expected to reach 31.3 billion USD this year, almost certainly surpassing mobile bongdaso US (25.4 million USD).
Up to November 2022, mobile bongdaso trade scale between Korea and Vietnam reached 81.1 billion USD, it is expected that Vietnam will surpass Japan (78.4 billion USD) to become Korea's third largest trading partner after China and US.
In 1992, mobile bongdaso trade scale between Korea and Vietnam reached 500 million USD, by 2021 it has increased 161 times to 80,7 billion USD. During mobile bongdaso same period, Korea's exports and imports increased by 8,4 times and 7,5 times, but exports and imports with Vietnam alone increased by 142 times and 240 times, respectively.
Since mobile bongdaso two countries established diplomatic relations, mobile bongdaso three products with mobile bongdaso largest total export value are semiconductor chips, flat screens and sensors, radio and telecommunications equipment. In mobile bongdaso period of 2019-2021, exports of these three items had an increase of 32%, 23,3% and 37,2%, respectively.
Korea is mobile bongdaso largest investor in Vietnam. According to data from mobile bongdaso General Statistics Office of Vietnam, up untill 2021, Korea ranks first with 9.203 investment projects, with a total investment value of 78.5 billion USD. Korea's foreign direct investment (FDI) into Vietnam has increased from million in 1992 to ,4 billion in 2021.
Samsung Electronics is mobile bongdaso largest foreign direct investment enterprise in Vietnam. This year, Samsung Electronics invested another 2 billion USD, expected to bring mobile bongdaso total investment capital of mobile bongdaso Korean group to 20 billion USD.
FKI pointed out that mobile bongdaso Governments of mobile bongdaso two countries have recently raised mobile bongdaso relationship to mobile bongdaso highest level as a "comprehensive strategic partnership", mobile bongdaso Korean Government needs to strengthen its partnership with Vietnam in various fields to development together. Businesses are aiming to increase mobile bongdaso scale of bilateral trade to 150 billion USD by 2030, double mobile bongdaso current figure.
Source: http://world.kbs.co.kr/service/news_view.htm?lang=v&Seq_Code=57022
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