A Samsung electronics shop under an official propaganda billboard in the center of Hanoi. Photo: AFP / Hoang Dinh Nam

The Korea Trade-Investment Promotion Agency (KOTRA) announced this week that foreign direct investment from South Korean companies into Vietnam has exceeded US$50 billion as of last year.

The number tops the list of countries investing in Vietnam and equals more than 17% of total FDI in the country, followed by Japan at US$42.43 billion and Singapore at US$39.25. According to KOTRA, Korean investment accounted for more than 30% of FDI flowing to the country in 2016.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.