SYDNEY/HANOI — Foreign direct investment in Southeast Asia is growing rapidly as U.S. and Chinese businesses are lured in by countries’ political stability and large markets. The region’s strategic role as a buffer zone amid intensifying U.S.-China competition also helps attract investment from around the world, with foreign investment reaching a record $222.5 billion in 2022.
“Vietnam shows promise as a partner in ensuring the semiconductor supply chain is diverse and resilient,” the U.S. Department of State said in a statement after President Joe Biden visited the nation in September.
