Caixin
Apr 04, 2024 08:49 PM
BUSINESS

South Korean Firms in Vietnam Face Growing Competition From China

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South Korean President Yoon Seok-hyol visits Samsung's booth in Hanoi, Vietnam, June 24, 2023. Photo: VCG
South Korean President Yoon Seok-hyol visits Samsung's booth in Hanoi, Vietnam, June 24, 2023. Photo: VCG

(Nikkei Asia) — From Samsung Electronics to LG, South Korean companies have long led foreign direct investment in Vietnam, making the Southeast Asian country a critical manufacturing hub in global supply chains. But they are now being pushed back by Chinese peers, according to the representative of the Korea Chamber of Commerce and Industry (KCCI) in the country.

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