SEOUL/HO CHI MINH CITY — Samsung Electronics’ slumping smartphone enterprise and a decline in funding by South Korean corporations are casting a shadow over Vietnam, a Southeast Asian economic system that depends closely on the expertise large.
South Korea’s international direct funding in Vietnam for the primary 5 months of the yr plunged 67.6% to $670 million from a yr in the past, in line with the Korea Worldwide Commerce Affiliation. Vietnamese statistics additionally present South Korean FDI slumping as international demand falters.