More than 9 in 10 South Korean companies operating in Vietnam say they have no intention of withdrawing, according to a survey released in early November. The Korea International Trade Association (KITA) reports that 92% of Korean firms in Vietnam plan to maintain their operations despite rising labor costs and regulatory burdens.
Both reports cite cost and market outlook as key factors. KITA says 87.5% of firms that intend to stay point to a “cost advantage relative to other countries” as their main reason. The association also notes that Vietnamese wages have increased sharply over time, while many companies continue to view the country’s market prospects positively—nearly 60% expecting improvements in their operations.
The two outlets largely reflect the same underlying survey findings, with one providing additional wage-growth context and performance expectations, while the other presents the same headline result and core rationale in a standard news dateline format.
