Amkor production in northern Vietnam undisrupted by super typhoon Yagi: CEO

By Tri Duc
Fri, September 13, 2024 | 11:10 am GMT+7

Super typhoon Yagi did not impact production of Amkor Technology in Vietnam’s northern province of Bac Ninh, said CEO of Amkor Technology Korea Inc Ji Jong-rip at a Thursday working session with provincial authorities.

The executive highlighted the province’s support during the natural disaster, including efforts to ensure power supply and prevent flooding at the factory.

Nguyen Anh Tuan (left, eighth), a Central Party Committee member and chief of the Bac Ninh Party Committee, at a working session with Amkor Technology in Bac Ninh province, northern Vietnam, September 12, 2024. Photo courtesy of Bac Ninh news portal.

Nguyen Anh Tuan (left, eighth), a Central Party Committee member and chief of the Bac Ninh Party Committee, at a working session with Amkor Technology in Bac Ninh province, northern Vietnam, September 12, 2024. Photo courtesy of Bac Ninh news portal.

Ji affirmed Amkor Technology's commitment to helping Bac Ninh train its semiconductor workforce and build a semiconductor ecosystem, he added.

Besides, Amkor Technology suggested the province help it with the construction of a shortcut to the facility, a residential area for its workers, and the import of used machines.

Last month, Amkor Technology suggested the province facilitate the importation of used machines for workforce training. However, the solution is beyond the provincial administration's authority.

For his part, Nguyen Anh Tuan, a Central Party Committee member and Bac Ninh's Party chief, asked local authorities and the industrial park developer to jointly study construction of such a shortcut this month. The province will soon select investors to build workers' houses to aid Amkor Technology, he added.

Amkor Technology’s $1.6-billion investment in Bac Ninh province covers 23 hectares in Yen Phong II-C Industrial Park. Its first phase of $530 million entered official operation and exported its first batch in August. The firm now employs 1,061 people, including 938 Vietnamese ones.

Yagi, the biggest typhoon in Asia this year, hit Vietnam on September 7. As of early morning Friday, Vietnam recorded 233 deaths and 103 missing persons, mostly during flash floods and landslides. It has destructed critical public and civil infrastructure as well as facilities of businesses.

Comments (0)
  • Read More
Vietnam customs authority grants preferential treatment status to China’s Luxshare-ICT

Vietnam customs authority grants preferential treatment status to China’s Luxshare-ICT

The General Department of Vietnam Customs has granted a three-year preferential treatment status for China-invested Luxshare-ICT (Van Trung), increasing the number of recipient firms to 75.

Companies - Fri, September 13, 2024 | 1:59 pm GMT+7

Largest US agri trade mission seeks business opportunities in Vietnam

Largest US agri trade mission seeks business opportunities in Vietnam

A U.S. trade delegation of 100 participants, the largest agricultural trade mission in the history of U.S.-Vietnam trade relations, is now in Vietnam in search of business opportunities.

Economy - Fri, September 13, 2024 | 12:43 pm GMT+7

Vietnam ranks second among most favoured destinations for Koreans on Chuseok holidays

Vietnam ranks second among most favoured destinations for Koreans on Chuseok holidays

Vietnam ranks second among preferred travel destinations for travellers from South Korea during the Mid-Autumn holidays, known as Chuseok in the East Asian nation, with a rate of 18%.

Southeast Asia - Fri, September 13, 2024 | 9:12 am GMT+7

Thailand outlines key government priorities

Thailand outlines key government priorities

Thailand’s Prime Minister Paetongtarn Shinawatra addressed the parliament on Thursday, detailing the new government's policy agenda, which is set to be implemented before the next general election in the next three years.

Southeast Asia - Fri, September 13, 2024 | 9:06 am GMT+7

Thailand highlights five strategies to adapt aged society

Thailand highlights five strategies to adapt aged society

Thailand’s Finance Ministry has highlighted five strategies to promote saving habits among Thais, which will help prepare the population to enter retirement with more stable finances, a move deemed necessary as the country is becoming an aged society.

Southeast Asia - Fri, September 13, 2024 | 9:04 am GMT+7

Indonesia breaks ground on new subway

Indonesia breaks ground on new subway

Construction of a 24.5-km mass rapid transit line connecting Tomang, West Jakarta, with Medan Satria, a district in Bekasi city, West Java - one of Jakarta's satellite cities began on Wednesday. It is expected to be completed in 2031.

Southeast Asia - Fri, September 13, 2024 | 9:02 am GMT+7

Indonesia launches first domestic biological vaccine production facility

Indonesia launches first domestic biological vaccine production facility

Indonesia has inaugurated its first domestic biological vaccine production facility, which is expected to create a solid foundation for the country to become self-sufficient in pharmaceutical products in the future.

Southeast Asia - Fri, September 13, 2024 | 9:00 am GMT+7

Thailand to launch over $4.2 bln 'digital wallet' programme to bolster short-term development

Thailand to launch over $4.2 bln 'digital wallet' programme to bolster short-term development

The Thai government is expected to distribute THB145 billion ($4.28 billion) in cash under its digital wallet handout programme from late September to stimulate short-term development and support vulnerable groups.

Southeast Asia - Fri, September 13, 2024 | 8:57 am GMT+7

Thailand plans to upgrade southern piers

Thailand plans to upgrade southern piers

Thailand’s Transport Ministry has ordered the Marine Department to expedite its projects to improve maritime connectivity across the Andaman Sea provinces in an effort to boost economic activities in the region.

Southeast Asia - Fri, September 13, 2024 | 8:51 am GMT+7

Hoa Binh Group consolidates leading position in Vietnam’s MICE industry

Hoa Binh Group consolidates leading position in Vietnam’s MICE industry

Hoa Binh Group has established itself as a leader and pioneer in Vietnam's MICE (meetings, incentives, conferences, and exhibitions) industry.

Companies - Fri, September 13, 2024 | 8:34 am GMT+7

115 people ‘missing’ in northern Vietnam found alive on mountain

115 people ‘missing’ in northern Vietnam found alive on mountain

Detecting signs of landslides, 115 people in Kho Vang village, Lao Cai province ran up a mountain at night to keep themselves safe.

Society - Thu, September 12, 2024 | 11:18 pm GMT+7

Insurance payout for typhoon Yagi casualties in Vietnam hits $400,000

Insurance payout for typhoon Yagi casualties in Vietnam hits $400,000

Insurance companies in Vietnam had reported 15 insured casualties due to super typhoon Yagi and subsequent floods with an estimated payout of approximately VND9.72 billion ($400,000) as of Tuesday.

Finance - Thu, September 12, 2024 | 10:35 pm GMT+7

ASEAN foreign ministers issue statement on Typhoon Yagi’s impact

ASEAN foreign ministers issue statement on Typhoon Yagi’s impact

In response to the severe loss of life and property caused by Typhoon Yagi in several countries in the region, ASEAN foreign ministers on Wednesday issued a joint statement on its impact.

Southeast Asia - Thu, September 12, 2024 | 9:13 pm GMT+7

Trading value on Vietnam’s major bourse plunges

Trading value on Vietnam’s major bourse plunges

Trading value on the Ho Chi Minh Stock Exchange (HoSE) on Thursday hit VND10.47 trillion ($426 million), down 18% from the previous session and the lowest in September.

Finance - Thu, September 12, 2024 | 6:17 pm GMT+7

HCMC okays design for commercial center within $900 mln Lotte project

HCMC okays design for commercial center within $900 mln Lotte project

Ho Chi Minh City’s Department of Planning and Architecture has approved the design for a commercial center within South Korean conglomerate Lotte’s $900-million Thu Thiem Eco Smart City project.

Real Estate - Thu, September 12, 2024 | 6:09 pm GMT+7