Vietnam graft, red tape hinder investors-Korean cos

Newswire

HANOI, Aug 24 (Reuters) - Firms from South Korea, Vietnam's third biggest foreign investor, say red tape, graft and vague laws hindered doing business in the communist country, but cheap labour was a major lure. "Improvement in these areas will help boost investment from South Korea to Vietnam," said Nam Ki-man, commercial attache of the South Korean embassy, at the launch on Tuesday of the first business climate survey of South Korean firms in Vietnam. Last year, South Korea ranked as ...

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