1,000 workers of Apple supplier strike work for 3 days
About 1,000 workers of BYD Electronics (Vietnam) Company Limited, an Apple supplier, struck work from Wednesday evening to Friday morning in Phu Tho province over payment disagreements.
The strike began with around 400 workers before expanding to about 1,000 by Thursday.
Some of their main complaints were low wages, complicated payments for meals and no higher payment for night shifts, local media reported.
After a meeting between the firm’s executives and representatives of workers on Thursday evening, all the workers returned to their jobs on Friday.
BYD Vietnam, under Chinese conglomerate BYD Electronics, is based in the northern province of Phu Tho. Its VND6,200 billion ($262 million) factory manufactures and assembles parts of tablets for many brands, including Apple and Xiaomi.
The output of the plant is estimated at 4.3 million tablets and 50 million lens a year in the first phase from June 2022, then 10 million tablets in the second phase from January 2024. It can employ 15,000 people in the two phases.
Vietnam recorded 107 collective labor strikes in the first half of this year, up 19 cases year-on-year, the Vietnam General Confederation of Labor (VGCL) said at a conference in July.
- Read More
Keppel to sell 70% of its stake in Vietnam-based Saigon Sports City for up to $300 mln
Singapore-headquartered conglomerate Keppel will sell 70% of its stake at Saigon Sports City Limited, the operator of its 64-hectare real estate project in District 2, a prime location in Ho Chi Minh City.
Real Estate - Tue, October 1, 2024 | 9:51 am GMT+7
Typhoon Yagi disruption leads to fall in Vietnam’s factory activity
Vietnam’s manufacturing activity contracted in September, with output, new orders, purchasing and stocks of inputs all declining, as typhoon Yagi caused temporary business closures and delays across production lines and supply chains.
Economy - Tue, October 1, 2024 | 9:11 am GMT+7
AI, semiconductor important to Indonesia’s digital economy: minister
Indonesia has a big opportunity to develop an artificial intelligence (AI) and semiconductor ecosystem among the ASEAN countries, according to the country’s Coordinating Minister for Economic Affairs Airlangga Hartarto.
Southeast Asia - Tue, October 1, 2024 | 8:08 am GMT+7
Indonesia strives to increase special economic zones’ competitiveness
Indonesia will continue to encourage special economic zones (SEZs) to expand and compete with those in Malaysia and Singapore, Coordinating Minister for Economic Affairs Airlangga Hartarto said on Sunday.
Southeast Asia - Tue, October 1, 2024 | 8:07 am GMT+7
Malaysia’s FDI attraction rises in Q2
Malaysia's foreign direct investment (FDI) increased to MYR 9.08 billion ($2.2 billion) in the second quarter of 2024, reflecting a strong inflow of foreign capital.
Southeast Asia - Tue, October 1, 2024 | 8:06 am GMT+7
Thailand to buy more solar power from households
Thailand’s energy authorities are considering buying more solar power from households as part of efforts to promote clean energy and increase installation of rooftop solar panels.
Southeast Asia - Tue, October 1, 2024 | 8:04 am GMT+7
Indonesia aims to reduce emissions through building industry
The Indonesian Ministry of Public Works and Public Housing is encouraging the development of green buildings and increasing energy efficiency through the use of modern technology, including rooftop solar power plants.
Southeast Asia - Tue, October 1, 2024 | 8:02 am GMT+7
73 years young, Vietnamese couple taste success with special bamboo shoots startup
Le Minh Hoang and his wife Nguyen Thi Sang, both 73, have launched a successful startup called "Ba Sang Dak Som four-season bamboo shoots" in Vietnam’s Central Highlands.
Companies - Tue, October 1, 2024 | 7:45 am GMT+7
Central bank requests control of credit provision for major shareholder-linked customers
The State Bank of Vietnam (SBV) has asked its inspection agency and branches to pay special attention to credit approvals for customers associated with major and controlling shareholders amid declining credit quality and risks of swelling bad debt.
Banking - Tue, October 1, 2024 | 7:30 am GMT+7
HSBC maintains Vietnam GDP growth forecast at 6.5% despite typhoon Yagi
HSBC has maintained its Vietnam GDP growth projection at 6.5% for both 2024 and 2025, despite temporary economic disruptions from super typhoon Yagi, the most powerful to hit the country in over three decades.
Economy - Mon, September 30, 2024 | 10:08 pm GMT+7
High-end golf resort opens in central Vietnam province
A new high-class golf resort was inaugurated on Saturday in the central province of Thua Thien-Hue, home to the Imperial Citadel of Hue, a UNESCO-recognized heritage site.
Travel - Mon, September 30, 2024 | 9:57 pm GMT+7
Thai seminar discusses Vietnam-Thailand three-connection strategy
Thailand’s Ministry of Foreign Affairs and Chulalongkorn University have co-organized a seminar in Bangkok, discussing ways to step up Vietnam-Thailand cooperation through their three-connection strategy.
Southeast Asia - Mon, September 30, 2024 | 9:10 pm GMT+7
Chinese automakers to ramp up investment in Vietnam: official
Many major Chinese automakers plan to scale up investment in Vietnam, says Chinese Minister of Industry and Information Technology Jin ZhuangLong, citing automotive as a potential sector for greater bilateral cooperation.
Industries - Mon, September 30, 2024 | 8:10 pm GMT+7
$5.4 bln southern Vietnam petrochemicals complex begins commercial operations
The $5.4 billion Long Son Petrochemicals Complex (LSP) in Ba Ria-Vung Tau province has begun commercial operations, Thailand’s Siam Cement Group (SCG), the project investor, announced Monday.
Companies - Mon, September 30, 2024 | 5:51 pm GMT+7
HCMC district launches club to showcase ‘unique’ commune products
A One Commune One Product (OCOP) club has been established by Ho Chi Minh City’s Hoc Mon district to promote the area's “unique” products.
Companies - Mon, September 30, 2024 | 5:02 pm GMT+7
Vietnamese firm aims to launch $50 mln Aeon Mall in Hai Duong province
Hai Duong-based Tuan Kiet HD, a partner of Japanese retail giant Aeon, plans to complete construction and open an Aeon Mall in the northern Vietnam province in the first quarter of 2026.
Companies - Mon, September 30, 2024 | 4:34 pm GMT+7