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.
