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Thailand's '90s crisis holds lessons for recovering Vietnam

Samsung Electronics is increasing capacity at a smartphone production center in Vietnam.

TOKYO -- Vietnam's economy has rebounded handsomely from a recent crisis thanks to brisk South Korean investment, echoing a similar fall and rise by Thailand decades ago.

Lumens, a South Korean maker of light-emitting diodes, has kicked off production at a plant in Vietnam's Binh Duong Province, Vietnam-focused news outfit Hotnam said online Sept. 6. The company is said to be among the world's top three producers of LEDs for mobile device displays -- a major get for a country where parts makers have been slow to arrive.

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