Biden's Vietnam visit generates new wave of interest in investment

American businesses may flock to the country in fourth investment boom

20231006VIETNAM INVESTMENT

U.S. President Joe Biden raises a toast with Vietnamese President Vo Van Thuong in Hanoi on Sept. 11. © Reuters

YUJI NITTA, Nikkei staff writer

HANOI -- Vietnam may be in for a new foreign investment boom.

The Southeast Asian nation seems to be on the verge of seeing a massive influx of foreign capital, especially from the United States. American businesses have a relatively smaller presence in Vietnam compared with their rivals from its neighbors.

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