business

Vietnam Embraces Korean-style Conglomerates to Enhance Economic Growth

11 Ağustos 2026Financial Times

Hanoi is shifting its focus towards developing domestic conglomerates, inspired by the successful Korean 'chaebol' model, to drive economic growth. This strategic pivot comes after a period of reliance on trade and foreign investment.
The Vietnamese government aims to foster a robust ecosystem for local businesses to enhance competitiveness and resilience in the global market.
The Vietnamese economy has historically relied on foreign direct investment and trade, but recent global economic uncertainties have prompted policymakers to rethink this strategy. The chaebol model, characterized by large family-owned business groups in South Korea, offers a blueprint for Vietnam to enhance its ind…
Vietnam's move to cultivate homegrown conglomerates reflects a broader trend among emerging economies seeking to reduce dependency on foreign investment. By emulating the chaebol model, Vietnam could potentially create a more self-sufficient economy, although challenges such as governance, transparency, and market c…

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