Singapore’s Keppel Targets Vietnam Amid Shift to Diversify From China

(Nikkei Asia) — Singapore’s Keppel Corporation is tapping emerging markets like Vietnam for growth, with the country gaining traction as a manufacturing hub for investors seeking to diversify from China.

The company’s CEO Loh Chin Hua noted in an interview with Nikkei Asia that businesses have been leaning into a “China plus one” strategy — a bid to diversify investments from the Chinese mainland in favor of alternative destinations to reduce concentration risks.