MORE local companies have in recent months begun to make a beeline for booming Vietnam. SP Setia Bhd
, the largest local property developer in terms of market capitalisation, has jumped on the bandwagon, deciding to strike while the iron is hot.
Vietnam has attracted over US$10bil in foreign direct investments (FDI) over the last few years. According to the Vietnam Foreign Investment Agency, FDI for the first half of this year rose 8% year-on-year to US$5.2bil, with Malaysia being the 11th largest FDI source.
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