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Singapore's Keppel targets Vietnam amid 'China plus one' shift

Temasek-backed asset manager eyes clean energy, data centers for new investment

A Keppel Corporation infrastructure center in Singapore. The company invests in energy projects, urban development and data centers. (Photo courtesy of Keppel Corporation)

SINGAPORE -- Singapore's Keppel Corporation is tapping emerging markets like Vietnam for growth, with the country gaining traction as a manufacturing hub for investors seeking to diversify from China.

The company's CEO Loh Chin Hua noted in an interview with Nikkei Asia that businesses have been leaning into a "China plus one" strategy -- a bid to diversify investments from the mainland in favor of alternative destinations to reduce concentration risks.

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