Business trendsSouth Korean firms in Vietnam face growing competition from China
Chamber of Commerce says minimum corporate tax rule also affects businesses
Kim Hyong-mo, the representative in Vietnam of the Korea Chamber of Commerce and Industry, speaks during an interview in Hanoi. (Photo by Yuji Nitta)
TOYOAKI FUJIWARA, Editor-in-Chief, Editorial Headquarters for Asia
HANOI -- From Samsung Electronics to LG, South Korean companies have long led foreign direct investment in Vietnam, making the Southeast Asian country a critical manufacturing hub in global supply chains. But they are now being pushed back by Chinese peers, according to the representative of the Korea Chamber of Commerce and Industry (KCCI) in the country.