FDI from South Korea surges in Ho Chi Minh city

Ho Chi Minh city is also one of the leading provinces in Vietnam in attracting FDI from South Korea. The Vietnam- South Korea Free Trade Agreement has taken effect. Now, in addition to the increased investment from large corporations such as Samsung and LG, the tax rate on imported goods in forms of material components from South Korea to Vietnam has been reduced to 0% this year. This is also the reason for the trade surplus increase with South Korea recently.