Hanoi (VNA), Oct. 23 -- Amidst escalating US-China trade tensions, Vietnam is expected to become a major Asian destination for foreign investors thanks to its location, policies and human resources, experts have said.

Speaking at the recent 7th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA Hanoi 2019) in Hanoi, Tee Boon Teong, General Director of Informa Markets in Vietnam, noted that foreign direct investment in Vietnam had exceeded 26 billion USD in the first nine months of this year.

The figure showed that Vietnam has become a major production hub in Asia, and a destination of choice for multi-national companies amidst investment shift and production expansion due to the prolonged US...