The Government of Vietnam has announced plans to offer business incentives for South Korean-based companies to invest in the nation’s sustainable development and digital transformation projects. The foreign investments will be accepted under the Private-Public Partnership Investment Law that was implemented in 2021.

The government is specifically seeking investments for infrastructure projects, digital transformation, energy projects and sustainable development, airports, and smart city development.

During 2021, South Korea was the second largest source of investments for Vietnam following Singapore.