CBD Robotics eyes 700-hectare hi-tech park in Binh Phuoc province
Vietnamese company CBD Robotics has proposed building a 700-hectare high-tech park in the southern province of Binh Phuoc to make electronic components and software products.
The Intelligent Operation Center of the Binh Phuoc Provincial People’s Committee. Photo courtesy of the southern province’s portal.
Binh Phuoc Smart IT Park, the name the Ho Chi Minh City-based company proposed to provincial authorities late last week, is expected to host 15 main zones, CBD Robotics chairman Vo Huy Phuc told officials.
The zones would serve hardware component production; research and development of artificial intelligence software; advanced skills training (hardware and software); data centers; and the production of flying cars.
In addition, there would be areas for offices and high-tech consulting services; convention and shopping areas; residential areas and high-class apartments for experts, engineers and employees; a smart hospital; a university of technology; and an international high school.
Phuc has not disclosed investment estimates for his project, just expressing his hope that Binh Phuoc authorities would facilitate his company in finding a proper location and completing investment procedures needed at the soonest.
Binh Phuoc Vice Chairman Tran Van Mi assigned relevant provincial officials to work with the investor to find a project site, with the company to follow other required investment steps.
The province, which borders the industrial hub of Binh Duong near Ho Chi Minh City, is calling for investments into wood processing, furniture, food processing, processing goods from rubber latex, electronics, support industries, mechanics, machinery and equipment manufacturing, healthcare, education, trade, and services.
CBD Robotics specializes in software writing, software and computer security, and machine learning for robotics.
- Related News
- Read More
EC postpones Vietnam’s seafood inspection until year end
The European Commission (EC) has delayed its fifth inspection of Vietnam's efforts to combat illegal, unreported and unregulated (IUU) fishing to the end of 2025, according to the Ministry of Agriculture and Environment (MAE).
Southeast Asia - Tue, May 6, 2025 | 8:53 am GMT+7
Thailand lowers growth forecast for 2025
The Thai Ministry of Finance has cut its forecast for the country’s economic growth this year to 2.1% from 3%, saying that the impact of U.S. tariffs and a global slowdown would weigh on Southeast Asia's second-largest economy.
Southeast Asia - Tue, May 6, 2025 | 8:49 am GMT+7
Vietnam’s top lighting manufacturer Rang Dong posts 48% drop in Q1 profit
Hanoi-based Rang Dong Light Source & Vacuum Flask JSC, a veteran in Vietnam’s consumer goods sector, reported a 48% decline in Q1 post-tax profit to nearly VND101 billion ($3.9 million), blaming intensifying competition from Chinese imports and foreign-invested enterprises.
Companies - Tue, May 6, 2025 | 8:17 am GMT+7
Vietnam spends $1.8 bln on coal imports in Q1, mainly for power plants
Vietnam spent more than $1.8 billion importing 17.27 million tons of coal in Q1, primarily to fuel thermal power plants, according to the General Department of Customs.
Economy - Mon, May 5, 2025 | 10:24 pm GMT+7
Vietnam’s utility major REE records 27% net profit growth in Q1 on power segment surge
Private utility firm REE Corporation posted strong profit growth in Q1, primarily driven by a significant improvement in its power segment compared to the same period last year.
Companies - Mon, May 5, 2025 | 10:00 pm GMT+7
Vietnam to hold first round of trade talks with US on Wednesday
Vietnam will hold its first round of negotiations with the U.S. on bilateral trade Wednesday, Prime Minister Pham Minh Chinh said at the ongoing session of the country's parliament.
Economy - Mon, May 5, 2025 | 4:40 pm GMT+7
Nestlé Vietnam announces new investment in flagship coffee plant
Nestlé will make an additional investment of $75 million to expand its Nestlé Tri An plant in the southern Vietnam province of Dong Nai, bringing its total investment in the facility over 2024-2025 to $175 million.
Companies - Mon, May 5, 2025 | 4:35 pm GMT+7
Vietnam legislature’s ongoing session to mark 'historic breakthrough in institutional reform'
The National Assembly's session which opened on Monday morning will make a critical step forward in institutional reform, paving the way for a new era of modernization, digital transformation, green growth, and sustainable development, said the parliament's Chairman Tran Thanh Man.
Politics - Mon, May 5, 2025 | 3:53 pm GMT+7
Business confidence in Vietnam drops to 44-month low over US tariff concerns: S&P Global
Business confidence in Vietnam dropped sharply in April to the lowest since August 2021, as manufacturers were concerned about the impact of U.S. tariffs on production in the months ahead, according to S&P Global.
Economy - Mon, May 5, 2025 | 3:24 pm GMT+7
Ford distributor City Auto chairman’s wife plans $5 mln buy to become major shareholder
Ngo Thi Hanh, wife of Ford distributor City Auto (HoSE: CTF) chairman Tran Ngoc Dan, has registered to buy 6 million CTF shares to increase her ownership to 6.4%, according to the Ho Chi Minh Stock Exchange (HoSE).
Companies - Mon, May 5, 2025 | 11:41 am GMT+7
HCMC street retail spaces vacant despite rent cuts
Street retail spaces in Ho Chi Minh City, Vietnam's economic hub, continue to face persistent vacancies, as they struggle to compete with modern retail spaces that offer a wider array of goods and services.
Real Estate - Mon, May 5, 2025 | 11:14 am GMT+7
State-controlled giant Vietnam Rubber Group reports strong Q1 profit on high latex prices
Vietnam Rubber Group-JSC reported a net profit of VND1,184 billion ($45.5 million) in Q1/2025, 2.5 times higher than Q1/2024, which was largely driven by sustained high rubber latex prices amid rising global demand and tight supply.
Companies - Mon, May 5, 2025 | 8:22 am GMT+7
KRX trading system to go live on Monday: A 'pivotal milestone' for Vietnam's market status upgrade
The official launch of the new KRX trading system on May 5, after more than a decade of preparations, will mark a pivotal turning point for Vietnam’s stock market status upgrade, said Nguyen Duy Hung, chairman of leading broker Saigon Securities Inc. (SSI).
Finance - Sun, May 4, 2025 | 10:02 pm GMT+7
Vietnam distributor of Chinese EVs reports big profit growth in Q1
Vietnam’s TMT Motors Corporation (HoSE: TMT), the distributor of Chinese electric vehicle brand Wuling, reported VND33.76 billion ($1.3 million) in Q1 after-tax profit, about 125 times higher than Q1/2024.
Companies - Sun, May 4, 2025 | 7:38 pm GMT+7
Vietnamese EV maker VinFast signs loans worth $190 mln for Indonesia plant
VinFast, the electric vehicle arm of Vietnam's leading private conglomerate Vingroup, has secured a long-term syndicated loan agreement worth IDR1.85 trillion ($110 million) and an $80 million accordion facility from two Indonesian banks to finance the construction of its plant in Indonesia.
Companies - Sun, May 4, 2025 | 12:55 pm GMT+7
Vietnam's logistics major Transimex targets 20% profit growth in 2025
Transimex, a top logistics firm in Vietnam, targets net profit of over VND204 billion ($7.8 million) for 2025, up 20% year-on-year, on revenue of over VND3.36 trillion ($129.2 million), up 1%.
Companies - Sun, May 4, 2025 | 12:23 pm GMT+7
