(Photo: Nikkei Asia)

Mr. Hong said 2023 was a difficult year but signs of recovery in the global economy since the end of the year are expected to lead to brighter prospects for foreign investors in Vietnam in 2024, particularly Korean investors, who have invested in more 10,000 projects, mostly in manufacturing and export sectors, in the Southeast Asian country.

Chairman Hong said that 2023 was the first year of the Vietnam-Korea Comprehensive Strategic Partnership, and the official visit to Vietnam by President Yoon Suk Yeol last year has boosted Korean enterprises’ confidence in expanding their investment in Vietnam.