Korea's ASEAN Investment Strategies: From Vietnam to the Whole ASEAN
Policy, Korea Institute for International Economic | June 2017
Abstract
Korea and Vietnam have maintained more than 25 years of diplomatic relations. During the periods remarkable progress has been made in improving and upgrading their ties. A strategic partnership was signed between the two countries in 2009 in addition to free trade commitments under the framework of the ASEAN-Korea agreement (AKFTA). As a result, the trade and investment between Vietnam and Korea has increased exceptionally. Moreover, Vietnam's growth potential has been highly estimated due to favorable economic conditions such as increase in FDI inflow, multi- and bilateral FTAs, the establishment of the ASEAN Economic Community (AEC) and so on. With its abundant low-wage workers, political stability, large-scale population also serving as positive factors for investment attraction into Vietnam, Korea’s investments to Vietnam are rapidly increasing.
Citation
Policy, Korea Institute for International Economic. 2017. Korea's ASEAN Investment Strategies: From Vietnam to the Whole ASEAN. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/10569.Keywords
Economic Crisis
Economic Efficiency
Economic Policies
Financial Stability
Financial Management System
Financial Restructuring
Capital Market Development
Market Development
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