The growing appeal of Vietnam as an investment destination for many companies – notably those in the telecoms and IT sectors – has been underlined by announcements from Meta and Ericcson this week.
Private equity firm KKR & Co will invest US$400 million in telecoms tower operations in the Philippines, according to an announcement made by the US Department of Commerce this week.
Aramco Digital, the technology subsidiary of Saudi petroleum and natural gas company Aramco, is widely reported to be in talks to invest about US$1 billion in telecommunications software maker Mavenir.