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Dutch high-tech manufacturer VDL ETG to build Vietnam facility

VDL Enabling Technologies Group (VDL ETG), the high-tech manufacturer under Dutch group VDL, will build a facility in Vietnam, targeting delivery of its first products by the end of Q1/2025 or the beginning of Q2.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lego factory is southern Vietnam to begin partial operation from August

The construction of Lego’s factory in Vietnam’s southern province of Binh Duong has reached 61.7% completion, meeting the deadline, and can enter partial operation from August, said Lego Group Vice President Preben Elnef.

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

China’s Yadea begins building $100 mln electric bike factory in northern Vietnam

China-invested Vietnam Yadea Electric Motorcycle Company Limited kicked off the construction of a $100 million electric bike factory in Vietnam’s northern province of Bac Giang on Sunday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

EV maker VinFast to build $500 mln facility in India, towards $2 bln investment

VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, will build a $500 million EV facility in Tamil Nadu state of India, towards a total investment of $2 billion.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

EcoGraf, VinES establish Australia-Vietnam cooperation in battery production

Australia-based EcoGraf and Vietnam-based VinES have signed a non-binding memorandum of understanding (MoU) on a feasibility study for localization of battery anode material (BAM) in Vietnam.

Industries - 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

EV maker VinFast builds $4 bln US complex, gets nod for US listing

Vietnamese electronic vehicle (EV) maker VinFast announced Friday it plans a stock market listing in the U.S. next month and broke ground the same day on its $4 billion EV and battery manufacturing complex in North Carolina.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Samsung vendor to build new factory in northern Vietnam

SR Tech, a Samsung vendor, plans to build a four-hectare factory in the northern province of Thai Nguyen, a senior executive said Friday.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Viettel sets up 5G private mobile network for electronics giant Pegatron

Viettel has successfully trialled a 5G private mobile network (5G PMN) service on a trial plot for a Pegatron factory, the Vietnamese military-run telecom giant announced Thursday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam industrial property developers look to reap MNCs’ supply chain diversification gains

Vietnam's industrial real estate continues to attract both domestic and foreign investors looking to benefit from the supply chain diversification initiatives of multinational corporations (MNCs).

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

China proximity boosts north as Vietnam industrial real estate expands

Continuous business expansion by foreign manufacturers has boosted industrial real estate demand in Vietnam in general and the northern region in particular, given its proximity to China.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hong Kong-invested firm unveils readymade factory, warehouse in northern Vietnam

Gaw NP Industrial is building a 16-hectare readymade factory and warehouse facility in Ha Nam province near Hanoi to meet rising demand for manufacturing and storage facilities.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

China energy storage firm Hithium mulls $900 mln investment in Vietnam

China’s Xiamen Hithium Energy Storage Technology is considering investing up to $900 million to build an energy storage system and battery plant in Vietnam, Reuters reported on Thursday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major fuel storage facility opens in Mekong Delta, imports condensate

NSH Petro launched the first phase of its Soai Rap-Hiep Phuoc fuel storage depot project in Tien Giang province on Thursday, receiving its first 8,666 tons of imported condensate as a material to make petrol products.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Quanta Computer to establish $50 mln plant in Vietnam

Taiwan’s Quanta Computer, a world-leading contract laptop maker, has approved plans to set up a new factory in Vietnam for up to $50 million in its supply chain diversification.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast founder has no plans to add money to the EV maker: Bloomberg

Vietnam’s Forbes-listed billionaire Pham Nhat Vuong does not plan to inject his own money into electric vehicle startup VinFast even as the unit car founded by him has seen its factory construction plans in the U.S. behind schedule, Bloomberg reported Tuesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dai Dung rides major steel structure construction wave

Dai Dung Corp., a leading Vietnamese steel structure manufacturer, is proceeding with its strongly growing business plans for 2023, built up from the firm's contracted supply of steel structures for some FIFA World Cup 2022 stadiums in Qatar.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Swire completes acquisition of Coke bottling subsidiary in Vietnam

Swire Pacific Ltd. has completed its purchase of the entire Coca-Cola bottling subsidiary in Vietnam, marking the Hong Kong conglomerate’s first expansion into the Southeast Asian beverages market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Liteon debuts Vietnam electronics plant phase 2 amid global expansion drive

Liteon, a world-leading Taiwanese provider in optoelectronics and power management, has inaugurated the second phase of its manufacturing facility in Hai Phong in a bid to speed up its global diversified operation.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hung Yen province approves two new projects worth $93 mln

The northern province of Hung Yen granted investment certificates to projects worth VND2,300 billion ($93 million) Friday, one of them involving a foreign investor.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Taiwan’s Coretronic to open new Vietnam electronics plant next year

Taiwanese electronics maker Coretronic is set to commission its new plant in Vietnam by the end of 2023, according to the industrial park home to the facility.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Lego builds first carbon neutral plant in Vietnam

Danish toymaker Lego Group started Thursday construction of its first carbon-neutral factory site worldwide, located in southern Vietnam, with more than $1 billion in total investment.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

FPT Software, Julie Sandlau join hands to transform jewelry making

Danish luxury jewelry brand Julie Sandlau will build its first smart manufacturing facility in Vietnam via its new alliance with the country’s leading IT service provider FPT Software.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Yarn maker to buy rooftop electricity from VinaCapital solar unit

The Huong Sen Comfor Company and SkyX Solar of investment fund VinaCapital signed Tuesday a power purchase agreement (PPA) for electricity generated from the former's rooftop solar system installed by the latter.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Unusual Formosa factory smoke not a problem: province leader

Unusually dense, yellow smoke billowing from the factory operated by the Formosa Ha Tinh Steel Corporation (FHS) Saturday was not a problem, says provincial chairman Vo Trong Hai.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

US juice maker ITI brings Vietnam passion fruit plant online

ITI Tropicals, a leading U.S. supplier of fruit juice purees and concentrates, has opened a new passion fruit production facility in Vietnam.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Air freight to prompt foreign production shift to Vietnam: aviation executive

Major foreign-invested enterprises will move their original equipment manufacturing (OEM) facilities to Vietnam if air freight is operational in the country, said Le Hong Thuy Tien, CEO of IPP Air Cargo.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam to house German plastic closures maker’s largest regional plant

Bericap GmbH, one of the leading global manufacturers of plastic and aluminum closures, has selected Long Hau Industrial Park in Long An province near Ho Chi Minh City to build its biggest plant in Southeast Asia.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nescafé unveils $1 bln plan for coffee sustainability, focusing on Vietnam

Nestle Group’s flagship coffee brand Nescafé will invest over one billion Swiss francs (over $1.02 billion) by 2030 to help coffee farmers transition to regenerative farming methods and adapt to the climate emergency.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

SMAC Vietnam plants make digital pens for Sweden’s Anoto

South Korea-based Smart Mobile Application Company (SMAC) has signed a production agreement with Anoto Group to make digital pens for the Swedish company, Anoto said Monday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Steel giant Hoa Phat starts operating $42 mln home appliance factory

Hoa Phat Group has begun production at its new home appliance factory worth VND1,000 billion ($42 million) in Ha Nam province.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Geleximco ventures into auto making with $800 mln

Vietnamese conglomerate Geleximco group is leasing 50 hectares of industrial land in Thai Binh province to build an $800 million gasoline and electric vehicle manufacturing facility.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast to deliver EVs in US, Canada, Europe this December

VinFast is set to make its first global delivery in December as it plans to ship about 5,000 EVs to the U.S., Canada, and Europe this November, the Vietnamese electric vehicle startup said Saturday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gas pipeline explosion injures 34 in northern Vietnam, many severely burnt

A gas pipeline in the South Korean-invested Seojin Auto Co., Ltd. in Bac Ninh province exploded Tuesday, injuring 34 employees, many with severe burns.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

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