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Business trends

South Korean investment in Vietnam grows amid U.S.-China trade war

Samsung to build R&D center, SK to buy stake in Vingroup

Vingroup, in which SK Group has invested, produces smartphones among other products.   © Reuters

HANOI -- Samsung Electronics and other South Korean companies are increasing investment in Vietnam against the backdrop of slowing exports resulting from trade friction between the U.S. and China.

Samsung will spend $220 million to build a research and development center in Hanoi that is scheduled to open in 2022, while SK Group has announced a decision to invest in Vingroup, the biggest conglomerate in Vietnam, for tie-ups in the automobile and other business sectors.

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