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

Author

Listed:
  • Kim, Dongsoo

    (Korea Institute for Industrial Economics and Trade)

  • Sakong, Mok

    (Korea Institute for Industrial Economics and Trade)

  • Park, Byungyul

    (Korea Institute for Industrial Economics and Trade)

  • Lee, Eun-Song

    (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.

Suggested Citation

  • Kim, Dongsoo & Sakong, Mok & Park, Byungyul & Lee, Eun-Song, 2023. "A Study of Supply Chains of Korean Firms in Vietnam Based on Business Survey Data (2022)," Industrial Economic Review 23-3, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:2023_003
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • Q27 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Issues in International Trade
    • Q37 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Issues in International Trade

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