베트남의 WTO가입 이후한국의 대베트남 FDI와 중간재 수출의 관계

As operational costs in China continue to rise, an increasing number of Korean companies are looking at either relocating or moving part of their China-based facilities to lower cost markets elsewhere in emerging Asia. Meanwhile, Vietnam has been actively attracting foreign direct investment through tax incentives and preferential policies since it joined WTO in 2007. This paper investigates the relationship between Korea’s FDI in Vietnam and its exports of intermediate goods in the manufacturing sector during the following two separate periods: 2002-2006 and 2007-2013 using the system GMM technique. Estimation results find the evidence of positive relationship between Korea’s outward FDI in Vietnam and its exports of intermediate goods only during the period from 2007 to 2013. This paper confirms that in the manufacturing sector, the vertical FDI is dominant in Korea’s FDI in Vietnam since 2007. This result shows indirect evidence that Vietnam is fast emerging into Korea’s new manufacturing base and export-driven country as an alternative to China. KCI Citation Count: 3