Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam
China’s Luxshare-ICT, a supplier to Apple, has asked authorities in Nghe An province for support in tackling labor recruitment challenges.
The company started its Luxshare-ICT Nghe An project in August 2019, which covers 15.6 hectares in VSIP Nghe An, an industrial park under the Vietnam-Singapore Industrial Park (VSIP) model.
Luxshare-ICT factory in Nghe An province, central Vietnam. Photo The Investor/Van Dung.
In a document recently sent to the provincial People’s Committee, Luxshare-ICT Nghe An said it currently employs nearly 20,000 workers in the locality.
The company noted that workforce stability and a sustainable labor supply will be key factors influencing its future investment scale in the province.
Luxshare-ICT Nghe An director Wu Zhi De, therefore, called on the committee to instruct the provincial Department of Home Affairs and local training institutions to tailor their curricula to the specific labor needs of the electronics industry.
He suggested greater alignment between training programs and the production pace of businesses.
The director also proposed the establishment of a tripartite coordination mechanism between schools, businesses, and authorities, with the latter acting as facilitators to support systematic collaboration between the two others.
The company said businesses should be allowed to take part in designing internship programs based on real-time production conditions, enabling phased intake of interns to form a long-term, sustainable internship framework.
The company also suggested the committee convene a meeting to revise training plans, with the participation of school principals.
The firm is set to roll out an internship program in 2025, targeting 8,000 students from vocational schools, colleges, and universities. Placements will last between three and four months.
Clear tax incentives for corporate sponsorships in education
Wu said the company plans to donate equipment, machinery, and teaching tools to vocational schools in Nghe An to support hands-on training and improve teaching quality.
However, as an export-processing enterprise, it faces regulatory hurdles related to repurposing equipment, along with customs procedures, import tax rules, and value-added tax policies.
Given this, the company called on Nghe An to provide clear guidance on tax incentives applicable to export-processing firms donating equipment to vocational education institutions.
The Departments of Education Training, and Finance, along with other relevant agencies, should be instructed to publish a list of public training institutions in Nghe An and clarify the applicable tax policies for equipment donations to these schools.
Luxshare-ICT Nghe An suggested that relevant agencies coordinate with customs authorities to provide detailed guidance on procedures for repurposing equipment and filing electronic customs declarations.
It proposed the designation of a focal agency and the establishment of a fast-track approval process, as well as guidance for schools on properly documenting and receiving donated equipment in compliance with regulations.
Bui Thanh An, Vice Chairman of the provincial People’s Committee, has tasked the Department of Home Affairs to coordinate with the Department of Education and Training and the Southeast Nghe An Economic Zone Authority to consider forming a task force.
The team, to be led by an official from the Department of Home Affairs, will support labor recruitment efforts for Luxshare-ICT and other companies operating in the Southeast Economic Zone.
In addition, the Department of Education and Training will play the main role in working with universities, colleges, and vocational schools across the province to inform them about current internship needs and consider adjusting academic schedules.
The Department of Finance, in coordination with other agencies, will review Luxshare-ICT’s proposals and provide guidance on tax incentives applicable to the company.
- Read More
TCBS overtakes SSI to become Vietnam’s largest securities company by market cap
Over 2.3 billion shares of Techcom Securities JSC (TCBS) debuted on the Ho Chi Minh City Stock Exchange (HoSE) on Tuesday. The stock, TCX, recorded the highest price and the largest market capitalization in the Vietnamese securities sector.
Finance - Tue, October 21, 2025 | 10:27 pm GMT+7
Indonesia’s palm oil industry becomes investment magnet
Indonesia’s palm oil sector attracted IDR52.7 trillion, or approximately $3.2 billion, in investment during the first nine months of this year, with the money going into enabling the country to capture more value out of its top commodity, the country’s Ministry of Investment reported.
Southeast Asia - Tue, October 21, 2025 | 9:34 pm GMT+7
Indonesia reports strong job, investment growth
The Indonesian Coordinating Ministry for Economic Affairs reported strong job and investment growth during the first year of President Prabowo Subianto’s administration, compared with the first year under his predecessor.
Southeast Asia - Tue, October 21, 2025 | 9:29 pm GMT+7
Singapore grants conditional approval for 1GW low-carbon power import from Malaysia
Singapore has granted conditional approval to import 1 GW of low-carbon electricity from the Malaysian state of Sarawak, marking a new phase in the energy partnership between the two countries.
Southeast Asia - Tue, October 21, 2025 | 9:26 pm GMT+7
Margin lending in Vietnam’s stock market hits record, but not worrisome
Despite margin debt in Vietnam’s stock market surging sharply, experts believe that current margin pressure is not yet a major concern as top securities firms have significantly strengthened their capital buffers.
Finance - Tue, October 21, 2025 | 4:23 pm GMT+7
Lenders in Vietnam now in low-rate lending race: ACB exec
The biggest “headache” for banks in Vietnam now is that profit margins are getting thinner, said CEO of Asia Commercial Bank (ACB) Tu Tien Phat.
Banking & Finance - Tue, October 21, 2025 | 4:00 pm GMT+7
PV Gas - 35 years of innovation and technological leadership in Vietnam’s gas industry
Over the past 35 years of establishment and development (1990-2025), PV Gas, a subsidiary of state-owned giant Petrovietnam, has affirmed its pioneering position in Vietnam’s gas industry, marked by a series of groundbreaking achievements in science and technology.
Companies - Tue, October 21, 2025 | 3:45 pm GMT+7
Vietnam's consumer finance major F88 achieves 90% of year's profit target after 9 months
F88 Investment JSC (F88), a leading consumer finance company in Vietnam, reported a cumulative pre-tax profit of VND603 billion ($22.88 million) in the first nine months of 2025, a 2.5-fold increase year-on-year, reaching 90% of its full-year target of VND673 billion.
Companies - Tue, October 21, 2025 | 3:15 pm GMT+7
Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery
With Q3 earnings season underway, results are expected to come in broadly in line with expectations. Financials should remain the largest contributors, benefiting from credit expansion and trading activity, while real estate continues to recover as project launches and sales rates improve, writes Tung Dang, associate director at Dragon Capital.
Economy - Tue, October 21, 2025 | 2:33 pm GMT+7
Inland port opens in southern Vietnam province Tay Ninh, set to become border logistics hub
The 16.5-hectare Tan Cang-Moc Bai inland port in Tay Ninh province, southern Vietnam has been opened, offering logistics services and handling customs clearance for imports and exports.
Infrastructure - Tue, October 21, 2025 | 12:03 pm GMT+7
State-managed property trading centers will help curb speculation, price manipulation: expert
Establishment of state-managed real estate trading centers is expected to create a transparent transaction channel, helping control and limit speculation and price manipulation in the Vietnamese market.
Real Estate - Tue, October 21, 2025 | 8:37 am GMT+7
Vietnam's benchmark VN-Index records sharpest drop in 25-year history
VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), saw the sharpest decline in its 25-year history on Monday, down by 94.76 points, or 5.47%, to 1,636.43.
Finance - Mon, October 20, 2025 | 5:49 pm GMT+7
Construction contractor Coteccons sets record FY2026 targets, capital base hike via share issue
Coteccons Construction JSC (HoSE: CTD), one of Vietnam’s largest construction contractors, has set ambitious targets for its fiscal year 2026, driven by a record order backlog and its push into international markets.
Companies - Mon, October 20, 2025 | 4:50 pm GMT+7
Real estate, gold markets to be fully established by 2026: Prime Minister
Vietnam plans to complete comprehensive legal framework for its financial, real estate, and gold markets by 2026 as part of a broader effort to modernize market infrastructure and accelerate economic growth, said Prime Minister Pham Minh Chinh.
Finance - Mon, October 20, 2025 | 3:33 pm GMT+7
Vietnam breaks ground on nation’s most advanced domed stadium in Hung Yen province
Vietnam’s Ministry of Public Security has broken ground on a 60,000-seat domed stadium in the northern province of Hung Yen, set to become the country’s most technologically advanced sports venue.
Society - Mon, October 20, 2025 | 2:48 pm GMT+7
Workforce and logistics - keys to sustainable e-commerce growth in Vietnam: experts
Businesses and online shop owners in Vietnam should pay greater attention to human resources and logistics, considering these factors “keys” to competitive advantage in the increasingly volatile e-commerce market, according to experts.
Economy - Mon, October 20, 2025 | 10:54 am GMT+7




















