SEOUL/HO CHI MINH CITY -- Samsung Electronics' slumping smartphone business and a decline in investment by South Korean companies are casting a shadow over Vietnam, a Southeast Asian economy that relies heavily on the technology giant.
South Korea's foreign direct investment in Vietnam for the first five months of the year plunged 67.6% to $670 million from a year ago, according to the Korea International Trade Association. Vietnamese statistics also show South Korean FDI slumping as global demand falters.
