Recent concerns about the new Vietnamese president, Vo Van Thuong, being pro-China have raised concerns among foreign investors. However, Vietnam has maintained a long-standing foreign policy of 'not siding with any country,' and has recently maximized its benefits by managing relations with China. Claims that Vietnam investment should be avoided based solely on foreign news reports without a thorough understanding of Vietnam's foreign policy and current situation should be approached cautiously. Vietnam is a significant market for Korean companies, and Korean influence remains substantial compared to Japan's. Therefore, a clear understanding of Vietnam's market value and a re-evaluation of investment strategies are crucial. This article provides insights into Vietnam's current situation and future prospects, offering valuable perspectives on investment strategies for Korean companies.