Singapore's Keppel looking to build up Vietnam market in move away from China

Singapore's Keppel looking to build up Vietnam market in move away from China

Photo: Keppel

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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