The South Korean conglomerate, already a major investor in Vietnam, plans to further expand its presence in the country with new projects in advanced materials, biofuels and ATMs. The move comes as Vietnam solidifies its position as a manufacturing powerhouse in Southeast Asia.

The 5th “Sourcing Fair Supporting Industries” gathering is being held on September 8 and 9 in Ho Chi Minh City, with the participation of major domestic and foreign enterprises in the fields of electronics, mechanical engineering, and hi-tech medical. Enterprises need to find suppliers for more than 500 components to boost production localization.