South Korean construction and real estate investors are considering Vietnam the second biggest market to boost investment, local media reported.
Last year, Korean investors injected $56.1 million into Vietnam, according to the latest data from the Bank of Korea. This figure was only after the US with $155.2 million.
Many high-profile businesses from South Korea like SK Group, Lotte E&C, and GS E&C are expanding their presence across the Southeast Asian country.
Most of them collaborate with Vietnamese partners to develop many housing and infrastructure projects.
Cho Sung Yol, Director General of the GS E&C, said his company pays special attention to the future of the Vietnamese market, especially building smart supermarkets and landing investment in infrastructure.
Meanwhile, Japanese construction firms are particularly interested in infrastructure in Vietnam, in addition to residential real estate products. One of their advantages is pursuing official development assistance (ODA) programs.
