Bac Ninh receives $745.2 mln in Q1 foreign investment, coming second in Vietnam
Vietnam’s northern industrial province of Bac Ninh attracted total foreign investment of $745.2 million in the first quarter (Q1) of this year, coming second nationwide in terms of foreign capital inflows with a 12.1% share, reported the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finnish parliament speaker joins inauguration of $57 mln waste-to-energy plant in northern Vietnam
The Thang Long-Bac Ninh waste-to-energy plant in the northern province of Bac Ninh was inaugurated Tuesday in the presence of Finnish parliament speaker Jussi Halla-aho.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
China favors investment in northern Vietnam province
Investors from China, which covers mainland China, Hong Kong, Taiwan and Macau, are increasingly turning to Vietnam’s northern province of Bac Ninh as an investment destination as the supply chain shift gathers pace.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung-Apple supplier Goertek to run $280 mln project in northern Vietnam next quarter
Goertek Electronics Vietnam Co., Ltd., a major supplier to Samsung and Apple, plans to start operating a $280 million investment project in the northern province of Bac Ninh next quarter.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese chipmaker Victory Giant Technology to invest $800 mln in northern Vietnam
Victory Giant Technology Group, a major China-based printed circuit board (PCB) manufacturer, will acquire 10 hectares in Bac Ninh province to implement an $800 million investment in northern Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial Center Yen Phong 2C ranked among top 10 potential industrial park real estate projects in 2024
Industrial Centre Yen Phong 2C has been ranked among the top 10 potential industrial park real estate projects in 2024.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Electro-Mechanics, Samsung SDI post Vietnam revenue of $2.4 bln in 2023
Samsung Electro-Mechanics (SEM) - the semiconductor and camera module arm of South Korea chaebol Samsung, and Samsung SDI - the battery arm of Samsung, earned combined revenue of $2.36 billion in Vietnam in 2023, according to their separate financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
US chipmaker Amkor eyes H2 production boost in Vietnam
U.S.-headquartered Amkor Technology Inc. plans to begin high-volume manufacturing at its Vietnam facility in the northern province of Bac Ninh from the second half of this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Coating giant AkzoNobel launches production facilities in northern Vietnam
Netherlands-based AkzaNobel says the inauguration of production facilities worth €18.5 million ($20.1 million) in the northern province of Bac Ninh will boost its position in Asia.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US semiconductor firm Kine SIC Semi eyes $200 mln investment in northern Vietnam
Kine SIC Semi, a U.S.-based semiconductor business, plans to invest $200 million in building a factory with an initial size of 7,500 square meters in Vietnam’s northen province of Bac Ninh, the firm said to the provincial authorities on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Canon Vietnam reaps $1.52 bln in 2023 revenue, targets 28% growth
Canon Vietnam Company Limited recorded revenues of $1.52 billion and paid VND205.9 billion ($8.37 million) to the state budget last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung’s Vietnam subsidiaries post 2-digit drop in sales, profit
Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported revenues of KRW81,146.7 billion ($60.83 billion) in 2023, down 11.83% year-on-year; and after-tax profits of KRW5,263.1 billion ($3.95 billion), down 13.09%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chipmaker Amkor Technology targets mass production in Vietnam this year
The U.S.-headquartered Amkor Technology Inc. churned out the first products from its factory in Vietnam’s Bac Ninh province in December 2023 and expects to start mass production in 2024, said Kim Sung Hun, CEO of Amkor Technology Vietnam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
China electronics giant Goertek to invest $280 mln in Vietnam’s Bac Ninh province
Goertek (Hong Kong) Co., Limited, a wholly-owned subsidiary of Chinese electronics giant Goertek, plans to set up a subsidiary in Vietnam’s northern province of Bac Ninh with an investment of RMB199.04 billion ($280 million).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bac Ninh province official dismissed for playing golf during office hours
Dang Tran Trung, director of the Department of Agriculture and Rural Development in the northern province of Bac Ninh, was removed from his position on Friday for playing golf during office hours.
Society - Mon, Dec 22, 2021 | 11:30 am GMT+7
$74 mln waste-to-power factory inaugurated in Bac Ninh province
A $74-million waste-to-power facility was inaugurated in the northern province of Bac Ninh on Thursday as part of a cooperation agreement between Vietnam and Japan.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bac Ninh launches club to preserve UNESCO recognized ca tru ceremonial singing
The cultural authority in the northern province of Bac Ninh has launched a club to preserve and promote ca tru (ceremonial singing) recognized by UNESCO in 2009 as an intangible cultural heritage in urgent need of safeguarding.
Travel - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Boustead Projects set to acquire Vietnamese industrial developer for $11 mln
Boustead Projects Limited, a Singapore-based provider of innovative eco-sustainable real estate solutions, has announced an agreement to acquire Vietnamese firm Minh Quang Industrial Development JSC for VND261.9 billion ($10.8 million).
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
France’s Idec Group Asia begins building $51.3-mln warehouse in Vietnam
Idec Group Asia Vietnam, a subsidiary of France’s Asia-focused industrial real estate developer Idec Group Asia, kicked off the construction of a $51.3 million logistics and industrial warehouse in Bac Ninh province on Wednesday.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sales of Samsung Vietnam subsidiaries falls, profits grow in Jan-Sep
Samsung's four subsidiaries in Vietnam made a total profit of KRW5,474.2 billion ($4.15 billion) in the first nine months of 2023, up 8.3% year-on-year, according to the South Korean giant's interim business report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hitachi Energy inaugurates transformers factory in Vietnam
Hitachi Energy has inaugurated a transformers factory in Bac Ninh province, northern Vietnam as the Southeast Asian country proceeds on its carbon neutral path.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung supplier Synopex fined $9,500 for environmental violations
The northern province of Bac Ninh has fined wholly Korean-invested Synopex VND230 million ($9,500) for environmental violations.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Nihon Toyo to invest $220 mln in northern Vietnam
Nihon Toyo, a subsidiary of Japanese giant Toyo Group, will make multi-sector investments worth $220 million in Bac Ninh province, an industrial hub in northern Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
China’s HG Tech plans $50 mln investment in northern Vietnam
HG Tech, a Chinese maker of optical devices, lasers, sensors and automobile components, plans to invest $50 million in building a five-hectare factory in the northern province of Bac Ninh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung urges Vietnam to find global minimum tax solutions
The government and legislature of Vietnam should check and issue solutions related to the global minimum tax (GMT), Samsung Electronics president and CFO Hark Kyu Park has said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea-invested 6.1 MW waste-to-power plant inaugurated in northern Vietnam
A 6.1 MW waste-to-power factory, with an investment of $33 million, was inaugurated in Bac Ninh on Wednesday, the first of its kind in the northern province.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam should shift to semiconductor design: US expert
Vietnam already has experience in the semiconductor sector such as assembling chips, so the country should move on to designing chips, a task with high potential, said John Neuffer, president and CEO of the U.S. Semiconductor Industry Association (SIA).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese electronics giant Goertek could quadruple northern Vietnam investment: chairman
Chinese electronics giant Goertek could triple or quadruple its investments in the northern province of Bac Ninh over the next five-10 years, says co-founder and chairman Jiang Bin.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's highest steel arch bridge opens in Bac Ninh province
Kinh Duong Vuong Bridge, the highest steel arch bridge in Vietnam, was inaugurated in the northern province of Bac Ninh Wednesday.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Amkor Technology inaugurates Vietnam factory
The U.S.-based Amkor Technology Inc., a leading provider of semiconductor packaging and test services, held a grand opening for its newest factory in Vietnam’s northern province of Bac Ninh on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Frasers Property, Vietnam’s Gelex begin work on northern Vietnam industrial park
Frasers Property Vietnam (FPV), under Singapore-headquartered Frasers Property, and Vietnam Electrical Equipment JSC (Gelex) have begun constructing an industrial park in the northern province of Bac Ninh.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sales, profits of Samsung Vietnam subsidiaries fall in H1
Samsung's four subsidiaries in Vietnam made a total profit of KRW2,999 billion ($2.26 billion) in the first half of this year, down 11.2% year-on-year, according to the South Korean tech giant's interim business report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
S Korea's LS Electric posts H1 revenue of $48.6 mln in Vietnam
South Korea’s LS Electric recorded a sale revenue of KRW64 billion ($48.6 million) from its Vietnamese subsidiary in the first half of this year, up 39% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Amkor Technology's Vietnam semiconductor packaging factory to begin operations in October
The first Vietnam factory of U.S.-based Amkor Technology Inc., a global semiconductor product packaging and test services provider, is set to begin operations this October in Bac Ninh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nippon Express ramps up expansion in Vietnam
Nippon Express (Vietnam) Co. will continue to expand its services to meet the diversifying logistics needs of customers in the rapidly growing Vietnamese market, its parent company Nippon Express Holdings said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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