Global display maker BOE eyes 2 more Vietnam plants
BOE Technology Group Co., one of the world's largest manufacturers of displays, plans to build two new factories in Vietnam, with substantial investments.
China-based BOE is a supplier of tech giants Apple Inc. and Samsung Electronics, who both have their products made in Vietnam. Especially, more than half of Samsung smartphones are produced in the Southeast Asian country.

A Samsung Galaxy smartphone. BOE is a supplier of Samsung Electronics. Photo courtesy of Samsung.
As for BOE’s plan for two new plants in Vietnam, Reuters cited Wednesday an insider revealing the investment could reach $400 million.
BOE is in talks to rent dozens of hectares of land in northern Vietnam to add to its relatively small plant in the south, which supplies mostly television screens to Samsung Electronics and LG Electronics, the wire news service reported.
BOE plans to rent up to 100 hectares and use 20% for a plant making remote control systems at a cost of $150 million, another insider was quoted as saying.
The rest would be for displays, with BOE spending $250 million to build a plant on 50 hectares while suppliers would use the remaining 30 hectares, all by 2025, it was added. But the BOE plan is not specifically aimed at supplying Apple, Reuters heard.
BOE plans to produce the more sophisticated organic light-emitting diodes (OLED) screens at the site rather than liquid-crystal displays (LCDs), according to the source.
BOE’s operational Vietnam plant is located in Nhon Trach II Industrial Park in Dong Nai province bordering Ho Chi Minh City. It started operations in 2019, according to provincial data.
Apple uses OLED screens for its latest iPhone smartphones. Vietnam is emerging as the American giant’s next production hub while other giant electronics makers are accelerating their buildup in the tech-savvy nation to diversify supply chains.
Apple plans to start producing MacBook models in Vietnam for the first time next year, as early as around May. The heavyweight has tapped its supplier Foxconn to make MacBooks in Vietnam. This Apple move means its products made in Vietnam include MacBooks, iPads, AirPods, and Apple Watches.
Foxconn signed a deal in Vietnam in August 2022 to rent an additional 50.5 hectares of land in Quang Chau Industrial Park in Bac Giang province near Hanoi. The Apple supplier plans to develop a new project with an investment estimated at some $300 million but has not disclosed what it would manufacture.
Samsung Electronics, with its $220 million R&D center opening in Hanoi in late December, has elevated the importance of Vietnam as a center for research activities in addition to a manufacturing hub. Samsung is the world’s biggest smartphone maker.
Also Korean, LG Group has a large operation in Vietnam and is planning new investments. LG plans to channel another $4 billion into Vietnam, LG Corp. vice chairman and CEO Kwon Bong-seok told Vietnamese President Nguyen Xuan Phuc on December 5 in Seoul.
LG Group, with LG Corp. being its holding company, has been present in Vietnam since 1995 and invested about $5.3 billion in the country so far to make various products like electronics, cameras, displays, household appliances, and auto components, Bong-seok told the Vietnamese leader.
South Korea’s largest trade surplus in 2022 was with Vietnam, indicating the increasing importance of the Southeast Asian nation as a major manufacturing base. It was the first year Vietnam ranked No. 1 by this measure in part due to major Korean companies establishing factories in the country.
The country's exports to Vietnam totaled $60.98 billion last year, and imports $26.72 billion, resulting in a surplus of $34.25 billion, South Korea’s Ministry of Trade, Industry and Energy announced earlier this January. Its second-largest trade surplus last year was with the U.S., at $28.04 billion.
- Read More
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7
Lotte Shopping plans to open more shopping malls in Vietnam
South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.
Companies - Tue, September 16, 2025 | 9:25 pm GMT+7
Vietnam ratifies WTO Agreement on Fisheries Subsidies
Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.
Companies - Tue, September 16, 2025 | 9:21 pm GMT+7
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7