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Business trends

Japan's investment in Vietnam plummets while Suga seeks closer ties

South Korea and China fill gap left by 40% drop this year

HANOI -- Japan, once the largest source of corporate investment in Vietnam, has fallen to fourth place for the first nine months of 2020, overtaken by more agile rivals from South Korea and China.

Approved foreign direct investment by Japanese companies dropped 43% on the year for that period. While Japan ranks second in cumulative investment, and topped the annual list in 2017 and 2018, it sank to fourth place for 2019.

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