Southeast Asia is raking in foreign direct investment as the region positions itself as a buffer zone amid the intensifying U.S.-China rivalry.
Region attracted a record $222bn in foreign direct investment in 2022
KENYA AKAMA and YUJI NITTA, Nikkei staff writers | Southeast Asia
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.
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