Taiwan firms see Vietnam as crucial link in supply chain shift to Southeast Asia
Taiwanese businesses have recognized Vietnam as a crucial link in their supply chain shift to Southeast Asia, said CY Huang, founder of the Southeast-Asia Impact Alliance (SIA).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Microinsurance to transform the Vietnamese insurance industry
Microinsurance empowers individuals to protect themselves against the risks they face today, whether it's safeguarding their electronics from liquid damage or ensuring affordable coverage for spontaneous travel adventures, writes Tri Nguyen, country manager for Vietnam at Singaporean firm Igloo.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Luxshare-ICT to hire 1,500 people a month in central Vietnam
Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT, is looking to recruit 1,500 people a month for the second phase of its project in Nghe An province.
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
Apple supplier Luxshare-ICT to invest additional $140 mln in central Vietnam
Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT, is set to invest $140 million more in Vietnam’s central province of Nghe An.
Industries - 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
Vietnam industrial sector sees 1.5% annual growth, 5.8% Dec growth
Vietnam’s industrial sector continued its recovery with the index of industrial production (IIP) rising 5.8% year-on-year in December, while the January-December index inched up 1.5%.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments
Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Central Vietnam province accepts $120 mln investment from Taiwan lighting maker
Taiwanese backlight modules maker Radiant Opto-Electronics Corporation has received an investment certificate to pour $120 million into building a factory in the VSIP Nghe An Industrial Park.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM Chinh’s Tokyo visit set to trigger new Japan investment wave into Vietnam
A large number of deals signed and high interest shown by Japanese businesses during Prime Minister Pham Minh Chinh’s recent trip to Japan is expected to trigger a new investment wave into Vietnam, said Deputy Minister of Foreign Affairs Do Hung Viet.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $43.49 bln trade surplus in 11 months
Foreign-invested enterprises in Vietnam recorded a trade surplus of $43.49 billion in the year to November 15, according to the General Statistics Office.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam industry sector recovery continues with 3% Nov growth
Vietnam’s industrial sector continued its recovery as the index of industrial production (IIP) rose 3% in November from October, while the January-November index inched up 1% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan backlight modules firm eyes $120 mln investment in central Vietnam
Taiwanese backlight modules maker Radiant Opto-Electronics Corporation plans a $120-million factory in the central province of Nghe An.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG’s Vietnam factories record higher revenues, lower profits in H1
Vietnamese subsidiaries of LG Electronics reported higher sales revenues but lower post-tax profits in the first half of this year, according to the South Korean giant’s financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple contractor Luxshare adds $330 mln to Vietnam electronic project
Luxshare-ICT (Vietnam) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT and a supplier for Apple Inc., has received approval to raise registered capital in its Bac Giang province project by $330 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Meiko Electronics plans $200 mln circuit board factory in northern Vietnam
Japan’s Meiko Electronics plans to begin work on a $200-million factory in the northern province of Hoa Binh next March.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan electronics supplier Foxlink to invest $135 mln in central Vietnam
Taiwan-based Foxlink International Investment Ltd, a maker of electrical components for communications devices, computers and consumer electronics, will invest $135 million in a factory in the central city of Danang.
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
Taiwan electronics firm Lite-on to build new plant in northern Vietnam
Lite-on Technology Corporation, a world-leading Taiwanese provider in optoelectronics and power management, plans to build a factory in Quang Ninh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai electronics firm Casper records H1 profit of $1.44 mln in Vietnam
Casper Vietnam Group JSC, an electronics maker from Thailand, reported a consolidated after-tax profit of VND34.9 billion ($1.44 million) in the first half of 2023, while it made a loss of VND25.4 billion ($1.05 million) in the same period last year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s FDI sector posts $34 bln trade surplus in 8 months
Foreign-invested enterprises (FIEs) in Vietnam recorded a trade turnover of $301.36 billion, including crude oil, resulting in a trade surplus of $34.21 billion in the first eight months of this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Chinese giant BYD to raise investment by $144 mln in Vietnam’s Phu Tho province
Chinese giant BYD will increase its investment in Vietnam by $144 million, Phu Tho province’s industrial park authority has announced.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
BYD acquires giant Jabil’s mobility business for $2.2 bln
Electric vehicle maker BYD’s electronics arm, which operates a Vietnam plant making products and components for Apple, has agreed to buy U.S.-based manufacturing firm Jabil’s mobility business in China for around $2.2 billion.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Plunge in Vietnam’s exports bottoms out
VinaCapital’s chief economist Michael Kokalari notes that Vietnam’s exports are set to recover in this year’s fourth quarter, driven primarily by a bottoming out of the U.S. inventory cycle. This rebound is likely to help lift Vietnam’s GDP.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Luxshare receives environmental license for $190 mln earphone project in northern Vietnam
Luxshare Van Trung, wholly owned by China’s major electronics producer Luxshare-ICT, has been granted an environmental license for its earphone project in the northern province of Bac Giang.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Taiwan electronics makers charmed by Vietnam
Leading Taiwan-based electronics manufacturers, in their efforts to diversify supply chains, have constantly found Vietnam as a destination to open new factories or expand production.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam new source for rare earths magnet companies
South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn to persist with build-operate-localize strategy in Vietnam
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, has said it will continue to implement its build-operate-localize (BOL) strategy in Southeast Asia, including Vietnam, Thailand, and Indonesia.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn invests fresh $100 mln in Vietnam
Foxconn, the world's largest contract electronics maker, has injected $100 million into its Singapore unit FIT Singapore to add to a new production project in Vietnam, according to the Taiwan Stock Exchange (TWSE).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan cooling module maker to expand investment in Vietnam
Taiwan’s cooling module maker Asia Vital Components (AVC) plans to expand investment and production in Vietnam to meet growing demand from its U.S. customers.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Wistron to pour additional $24.5 mln into Vietnam
Apple supplier Wistron’s board of directors (BOD) has approved a proposal to inject an additional $24.5 million into its new manufacturing subsidiary in Vietnam in line with the electronics maker’s business expansion and strategic planning.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nghe An province welcomes $165 mln FDI electronics project
Innovation Precision Vietnam Co., Ltd., under China’s Shandong Innovation Group, was given an investment certificate for a $165 million electronics project in the central province of Nghe An on Tuesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam FDI sector posts $27.8 bln trade surplus in Jan-July
Foreign-invested enterprises in Vietnam recorded a trade turnover of $258.63 billion, including crude oil, resulting in a trade surplus of $27.83 billion in the first seven months of this year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam braces for increased foreign R&D investments
Vietnam is becoming a popular destination for research and development (R&D) among multinationals as the country cements its status as a new global manufacturing hub.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Vietnam subsidiaries make $1.1 bln profit in Q1
Samsung's four subsidiaries in Vietnam reaped a total profit of KRW1,407.5 billion ($1.08 billion) in the first quarter of this year, down 18.4% year-on-year, according to the South Korean tech giant's interim business report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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