Prime Minister Pham Minh Chinh encourages South Korea's SK Group to expand investment in Vietnam
In the coming period, SK Group is planning to invest in key sectors in Vietnam, including energy, agriculture, logistics, warehousing, and artificial intelligence (AI).
At a meeting with Prime Minister Pham Minh Chinh over the past weekend, Mr. Chey Tae Won, Chairman of SK Group (South Korea) shared that the group is actively seeking opportunities to expand cooperation and investment to support Vietnam in maintaining its high, sustainable, and long-term economic growth trajectory.
In the coming period, SK Group's investment strategy will focus on key sectors, including energy, agriculture, logistics, warehousing, and artificial intelligence (AI) - all of which have significant growth potential and align with the Vietnamese government’s development priorities.
Additionally, SK Group has proposed the construction of large-scale liquefied natural gas (LNG) power plants, aiming to develop new energy hubs integrated with AI, hydrogen, logistics, and innovation.
The group also reaffirmed its commitment to increasing investments in high-tech, environmentally friendly agriculture to support Vietnam's transition toward a green growth model.
Additionally, SK Group expressed its desire to strengthen cooperation with Vietnam’s National Innovation Center (NIC) through workforce training programs, in-depth research on AI and hydrogen, and the organization of economic forums to connect academia and businesses from South Korea and Vietnam.
Prime Minister Pham Minh Chinh highly valued SK Group’s global operations and its role as one of the largest investors in Vietnam. Notably, SK Group has invested in major Vietnamese corporations such as Vingroup, Masan, and pharmaceutical company Imexpharm, as well as directly establishing enterprises in Vietnam, including a high-tech project on biodegradable materials with a total investment of up to $500 million.
Vietnam is focusing on three strategic breakthroughs: institutional reform, infrastructure development, and human resource enhancement. Therefore, Prime Minister Pham Minh Chinh emphasized that the government fully supports SK Group’s investment proposals.
The Prime Minister also encouraged SK Group to continue providing consultancy, support, and expanding its investments in key areas such as AI research and development, the establishment of a national database, transportation and logistics infrastructure, and renewable energy sources -including LNG, wind power, solar power, and hydrogen.
Additionally, the PM also urged the group to accelerate investments in green and sustainable agriculture while enhancing cooperation in training high-quality human resources.
As of the end of January 2025, South Korea remains the largest investor in Vietnam, with total investment capital reaching $92.11 billion across 10,128 active projects. The strong presence of leading conglomerates such as Samsung, SK, LG, CJ, and Lotte not only reaffirms South Korea's long-term commitment to the Vietnamese market but also plays a crucial role in the country's economic development and technological transformation.
