50% of RoK investors satisfied with Vietnam’s investment environment

94% of South Korean investors intend to further invest in Vietnam, said Director of Kotra in Hanoi Kim Won Hoo at a recent conference on foreign direct investment in the WTO period.

He said that many South Korean investors see Vietnam as an increasingly important investment market.

However, only some 50% of them have expressed satisfaction with their businesses in Vietnam.

According to Kotra, there are a number of large obstacles to business operations and direct investment in Vietnam.

First, the infrastructure in Vietnam is generally underdeveloped and prices of land and energy have jumped up sharply in a short time.

Second, it is sometimes hard for foreign businesses to recruit skilled labourers with a good command of English, and especially Korean.

Third, as Vietnam’s legal system is incomplete, foreign investors often have to wait for new laws or legal documents.

Kim Won Hoo suggested that Vietnam listen and study foreign investors’ ideas and opinions to keep being a story of success in foreign direct investment. (ANTD)