South Korea's SK Group, the second-largest conglomerate in the country, has announced plans to invest billions of dollars in Vietnam. The investment aims to focus on energy projects, with a particular emphasis on LNG infrastructure, hydrogen energy, and small modular nuclear reactors. Additionally, SK Group is looking to explore opportunities in AI-ready data centers, high-tech agriculture, and logistics. The chairman of SK Group highlighted that these initiatives would positively impact Vietnam's socio-economic development by contributing to energy security, key industry development, investment attraction, CO2 reduction, and job creation. The move by SK Group comes as South Korea has reclaimed its position as the top foreign investor in Vietnam in January 2025, with Korean investors having invested a total of $92 billion in the country. Samsung, LG, Hyosung, Amkor, and Hana Micron are some of the major Korean companies increasing their investments in Vietnam, with multi-billion dollar projects underway. Notable investments include Samsung's plans to establish Vietnam as a key production hub for next-generation displays. Korean investors are attracted to Vietnam's favorable investment environment, solid economic foundation, supportive policies, strategic location, and skilled yet cost-effective labor force. Vietnam's growth as a manufacturing hub in Southeast Asia, particularly in industries like electronics, textiles, footwear, and automobiles, presents significant opportunities for foreign investors, especially those from South Korea. The chairman of Korea's VIVACE Consulting & Engineering emphasized the benefits Korean investors derive from Vietnam's integration into global value chains, which enhances cost optimization and competitiveness.