A Study of Supply Chains of Korean Firms in Vietnam Based on Business Survey Data (2022)

Dongsoo Kim (), Mok Sakong (), Byungyul Park () and Eun-Song Lee ()
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Dongsoo Kim: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Mok Sakong: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Byungyul Park: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr
Eun-Song Lee: Korea Institute for Industrial Economics and Trade, Postal: Sejong National Research Complex, Korea Institute for Industrial Economics and Trade, 370 Sicheong Dae-ro C-dong 8-12F 30147, Republic of Korea, http://www.kiet.re.kr

No 23-3, Industrial Economic Review from Korea Institute for Industrial Economics and Trade

Abstract: As of 2021, Korean trade volume with Vietnam ranks fourth after China, the United States, and Japan, while direct investment in Vietnam ranks third, after the United States and China, and excepting the Cayman Islands and Hong Kong. Surveys on the business environment of Korean companies in Vietnam are conducted intermittently, so it is necessary to secure basic statistics on time series. For this, a business survey was conducted from August to October 2022, the second such survey of Korean businesses in Vietnam (the first having been conducted in 2021) by the Korean Institute for Industrial Economics and Trade (KIET) and the Korean Chamber of Commerce (KORCHAM) in Vietnam. In addition, KIET interviewed several Korean companies in Hanoi. This work analyzes the results of a survey on the business environment and the actual conditions faced by Korean enterprises in Vietnam. The Hanoi and Ho Chi Minh offices of the Korean Chamber of Commerce oversaw the implementation of the survey as co-organizer. KIET planned and conducted the survey together with KORCHAM in Vietnam. Written responses were collected from 326 companies.

Keywords: Vietnam; Korea; FDI; trade; manufacturing; supply chains; raw materials; rare earths; foreign investment in China; COVID-19; regulation; business outlook in Vietanam; business environment in Vietnam; Korea-Vietnam relations (search for similar items in EconPapers)
JEL-codes: F01 F20 F21 F23 F51 G32 G38 H32 O24 Q27 Q37 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2023-02-28
New Economics Papers: this item is included in nep-cna, nep-int and nep-sea
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