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
US chip tool maker Lam Research eyes $1-2 billion investment in Vietnam
California-based chip manufacturing equipment supplier Lam Research has plans to partner with Korea’s Seojin Company to develop factories and establish a supply chain with an investment of $1-2 billion in the first phase as it seeks to expand in Asia.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Luxshare-ICT looks for 1,000 new workers in central Vietnam
Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT and a supplier for Apple Inc., is recruiting an additional 1,010 laborers after the Lunar New Year (Tet) holiday, as the firm anticipates rising orders.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thailand WHA targets $1 bln additional investment in central Vietnam province: CEO
WHA Industrial Development, a leading Thai firm, has invested $200 million in the central province of Nghe An and targets to pour another $1 billion over the next five years.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam ready to ride new investment wave
Vietnam has gone through three waves of FDI and is at the foot of the fourth wave after Vietnam-U.S. relations were upgraded to a Comprehensive Strategic Partnership in September 2023.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Opportunities outnumber challenges, Vietnam set for FDI surge: Dragon Capital
With more opportunities than challenges, Vietnam is expected to receive increased direct and indirect foreign investment this year, said Dang Nguyet Minh, head researcher at leading investment firm Dragon Capital.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quang Ninh province aims to attract $1.5 bln in Thailand-invested industrial park next year
Vietnam’s northern province of Quang Ninh is looking to attract investment of at least $1.5 billion in 2024 in Song Khoai Industrial Park, also known as Amata City Ha Long, invested by Thailand’s leading industrial developer Amata.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rising land prices in northern Vietnam pose concern to investors: Savills
A substantial increase in land prices in Vietnam’s Northern Economic Zone (NEZ) could unnerve investors who seek to set up manufacturing facitiies here, real estate services firm Savills Vietnam said in its latest note.
Industrial real estate - 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
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
Major automakers race to tap Vietnam EV market
Vietnam’s emergence as a major electric vehicle (EV) market in Southeast Asia is reflected in the rush of new models being introduced by leading automakers.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn licensed to invest $246 mln in Quang Ninh province
Quang Ninh province granted investment certificates to two projects proposed by Apple supplier Foxconn with total registered capital of $246 million on Thursday, just 12 hours after the applications were submitted, rather than the usual 14-day process.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Catcher plans Vietnam plant
Apple supplier Catcher Technology, a world-leading chassis maker, is in the process of building a production plant in Vietnam as other Taiwanese companies shift production to the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam units of Foxconn earn $319 mln post-tax profit in 2022
Hon Hai Precision Industry Co., Ltd., also known as Foxconn, recorded a post-tax profit of $318.9 million from affiliated companies in Vietnam in 2022, according to the Taiwanese electronics giant's annual report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan printed circuit maker TBT considers second Vietnam plant after $30 mln first
Taiwan PCB Techvest (TPT), which makes and supplies double-sided and multi-layer printed circuit boards, plans to build its second manufacturing facility in Vietnam while more Taiwanese companies are shifting production to the country from China.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Electronics maker Wistron set for Vietnam expansion
Apple supplier Wistron is joining a global electronics manufacturing wave of expanding production in Vietnam after quitting its iPhone production in India.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn acquires more land in Vietnam to add $100 mln
Apple’s biggest contractor Foxconn will add another $100 million to Vietnam as the Taiwanese electronic giant pushes ahead with efforts to shift more production away from mainland China as part of global supply chain diversification.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan power supply module maker Linkcom considers building Vietnam plant
Linkcom Manufacturing, a Taiwan-based supplier of magnetic components and power supply modules, is evaluating the feasibility of establishing a plant in Vietnam.
Industries - 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
LG Electronics to power up auto parts R&D in Vietnam
LG Electronics said Thursday it is ramping up research and development in Vietnam to serve LG’s rapidly growing electric vehicle-related business, following its Korean peer Samsung Electronics's launch of a $220-million R&D center in Hanoi in late December.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Senao Networks to build Vietnam plant with $30 mln
Senao Networks, a Taiwanese maker of data networking and telephony products, has said it wants to invest in a $30 million plant in Vietnam, part of its supply chain diversification strategy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Video leak shows Vietnamese on Google Pixel 7a model
A Pixel 7a smartphone spotted in a new leak uses Vietnamese as the default language in the context that Google has manufactured the A-series mid-range lineup in Vietnam, including the Pixel 4a, Pixel 5a, and Pixel 6a.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn considers building servers in Vietnam: industry report
Global technology manufacturer Foxconn, which is set to make Apple MacBooks in Vietnam for the first time from May 2023, is also studying the feasibility of producing servers in the Southeast Asian country, according to Digitimes Research.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quanta Computer may build Vietnam plant to make MacBooks
Taiwan’s Quanta Computer, a world-leading contract laptop maker, is likely to set up a manufacturing plant in northern Vietnam where Apple supplier Foxconn is set to make MacBooks in the second half of 2023.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Long An to get new 654-hectare industrial park
Authorities in Long An province bordering Ho Chi Minh City presented an investment policy decision to a Saigontel JSC subsidiary on Tuesday for the construction of a 654-hectare industrial park.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Foxconn to expand Vietnam production
Taiwanese tech giant Foxconn, the main assembler of Apple's iPhones, is expected to expand manufacturing in Vietnam and India, Taiwan Ratings of S&P Global said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
KBC Group subsidiary invests $40 mln to expand Quang Chau IP in Bac Giang
Saigon-Bac Giang Industrial Park Corporation has been approved to expand Quang Chau Industrial Park, home to a factory of the world's biggest electronics contractor Foxconn, in Bac Giang province.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Pegatron to build Vietnam houses for workers
Hai Phong's administration aims to help Apple's supplier Pegatron break ground on its 5-hectare worker accommodation project in the northern city this December.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam iPhone shipments more than doubles in Q2
iPhone shipments in Vietnam increased 115% year-on-year in the second quarter, accounting for a 15.4% market share, according to Counterpoint Research.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn plans new $300 mln investment in Vietnam
Apple supplier Foxconn has signed a deal to rent an additional 50.5 hectares of industrial land in northern Vietnam while Apple is seeking to build more products outside of China.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC okays $700 mln loan to Goertek in Vietnam
The International Finance Corporation (IFC) has approved a $700 million financing package to Goertek Inc. for a new modern electronics production plant in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sharp seeks new large-scale plant in Binh Duong
Sharp Corporation is gauging possibilities to build a new large-scale facility in Binh Duong province as part of the Japanese electronics giant’s production shift from China to Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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