These efforts are being led by companies likes SK Group, HD Hyundai, and GS Energy.
In response, Viet Nam is also wooing foreign investors, pledging support to attract more investment from global firms. The country's General Secretary, Tô Lâm on Thursday vowed that his country will support international businesses as it seeks to "play a more active role in building sustainable and resilient global supply chains," speaking at a forum hosted by the Asia Business Council (ABC) forum in Hanoi.
Lâm said that Viet Nam is "ready to work with global companies," stressing that foreign-invested firms play an integral role in the Vietnamese economy.
Earlier this week, SK Group chairman Chey Tae-won visited Viet Nam to inspect several ongoing projects, including the construction of a 1.5-gigawatt liquefied natural gas (LNG) power plant in Quynh Lap, central Viet Nam, secured in February by its affiliate SK Innovation.
SK Group has been expanding its presence there in resources and renewable energy including solar power facilities in Ninh Thuan in south-central Viet Nam since 2020.
Choi's trip coincided with HD Hyundai Chairman Chung Ki-sun's visit to the country, during which he toured the construction site of the company's petrochemical carrier (PC) plant and other production facilities.
GS Energy Vice Chairman Huh Yong-soo also met Deputy Prime Minister Mai Van Chinh in Hanoi the previous day to discuss expanding cooperation in the energy and infrastructure sectors.
GS Energy is currently involved in major projects including the construction of an integrated refining and petrochemical complex in the northern province of Thanh Hóa, as well as a liquefied natural gas (LNG)-fired power plant in the southern province of Long An. The company is also eyeing the Vietnamese retail market as part of its broader strategy to diversify its business there.
Viet Nam is, meanwhile, targeting carbon neutrality by 2050, shifting away from fossil fuels toward renewable and new energy sources, creating new opportunities for foreign investors.
South Korean firms, already standing out among the pack in the country, are increasingly positioning themselves to play a central role in this transition while deepening industrial and supply chain partnerships.
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