Japanese firm to develop fabric-based products for Vietnam auto industry
Japan’s Ohtsuka Sangyo Material Co. Ltd. will invest $20 million in a project in the northern province of Ha Nam to research and develop materials for the automobile assembly sector.
Ha Nam authorities and the Japanese firm signed a memorandum of understanding during the Vietnam-Japan Economic Forum in Tokyo last Saturday.
The signing was witnessed by senior officials including Prime Minister Pham Minh Chinh, who was on a four-day (December 15-18) visit to Japan to attend the ASEAN-Japan commemorative summit and conduct bilateral activities.
Leaders of Ha Nam province and Ohtsuka Sangyo Material Co. Ltd. exchange MoU documents in Tokyo, Japan, December 16, 2023. Photo courtesy of Ha Nam newspaper.
The project will be located in the Kim Bang I Industrial Park that is to be built in the province’s Kim Bang district.
Ha Nam authorities also signed other MoUs with Japanese partners related to worker supply and clean energy development at the new industrial park.
Last Saturday, Deputy Prime Minister Le Minh Khai signed a decision on establishing the Kim Bang I Industrial Park in Ha Nam province. The 230-hectare project will straddle the communes of Le Ho, Dai Cuong and Dong Hoa. The project, with has a duration of 50 years, is expected to cost VND2,653.3 billion ($109 million).
Ha Nam has eight industrial parks at present: Dong Van I, Dong Van II, Dong Van III, Dong Van IV, Chau Son, Hoa Mac, Thanh Liem, and Thai Ha. Of these, Dong Van I, Dong Van IV, Chau Son, and Hoa Mac enjoy 100% occupancy.
- Related News
- Read More
US agreement on 20% tariff for goods imported from Vietnam 'a success': expert
Reaching agreement with the U.S. on 20% tariff for goods imported from Vietnam and even 40% for transshipping is a success for the Southeast Asian country, said Ho Quoc Tuan, a senior lecturer of accounting & finance at University of Bristol, the UK.
Economy - Thu, July 3, 2025 | 9:55 am GMT+7
Malaysia diversifies trade partners to stay economically resilient
Malaysia’s economy remains resilient thanks to its long-term and comprehensive economic strategy, despite geopolitical tensions in the Middle East that have raised concerns about the possible closure of the Strait of Hormuz and disruption to global energy supplies, according to the Ministry of Trade, Investment and Industry (MITI).
Southeast Asia - Thu, July 3, 2025 | 8:44 am GMT+7
Vietnam Airlines launches first direct air link between Vietnam and Italy
National-flag carrier Vietnam Airlines officially launched its first direct flight connecting Hanoi and Milan on Tuesday, establishing direct air link between Vietnam and Italy for the first time.
Travel - Thu, July 3, 2025 | 8:28 am GMT+7
Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec
Singapore's Makara Capital Partners is eyeing investment opportunities in Vietnam, including those in the biological and pharmaceutical industries and the International Financial Center project.
Economy - Thu, July 3, 2025 | 12:52 am GMT+7
Vietnam, US reach agreement on landmark trade deal framework
Vietnam's Party chief To Lam and U.S. President Donald Trump on Wednesday stated that they welcome the agreement reached by the two countries' negotiating teams on the Joint Vietnam-United States Statement on a Fair, Balanced, and Reciprocal Trade Agreement Framework.
Economy - Wed, July 2, 2025 | 11:28 pm GMT+7
Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year
State-owned Airports Corporation of Vietnam (ACV), which operates 22 airports nationwide, expects its 2025 pre-tax profit to decline 17% year-on-year to VND10.53 trillion ($402.56 million) due to foreign exchange losses.
Companies - Wed, July 2, 2025 | 4:08 pm GMT+7
Two mega urban area projects in central Vietnam get greenlight
Two major urban projects in Quang Ngai province's Dung Quat Economic Zone, with a total investment of over VND54 trillion ($2.06 billion), have received in-principle approvals from Deputy Prime Minister Tran Hong Ha.
Real Estate - Wed, July 2, 2025 | 4:02 pm GMT+7
Roadmap for cleaner fuel transition launched for Vietnam’s first oil refinery Dung Quat
Binh Son Refining and Petrochemical JSC (BSR) and PV Gas D, a subsidiary of PV Gas, have signed an MoU on LNG trading principles, marking a significant step in BSR’s roadmap to transition from traditional fuels to cleaner alternatives at Dung Quat Oil Refinery.
Economy - Wed, July 2, 2025 | 3:52 pm GMT+7
EPC contracts signed for Vietnam’s offshore Block B - O Mon gas pipeline
Southwest Pipeline Operating Company (SWPOC), a subsidiary of Vietnam’s state-owned Petrovietnam, on Monday signed EPC contracts for two key packages (PC1 and PC2) of the Block B – O Mon gas pipeline project.
Economy - Wed, July 2, 2025 | 2:01 pm GMT+7
Major Vietnamese developer Sun Group proposes riverfront road, metro line projects in HCMC
Sun Group, a leading real estate developer in Vietnam, is seeking Ho Chi Minh City authorities’ permission to invest in a riverfront road along the Saigon River and a 40-kilometer metro line under the build-transfer (BT) model in the former Cu Chi district.
Infrastructure - Wed, July 2, 2025 | 1:32 pm GMT+7
Vietnam stock market to enjoy favorable 'tailwinds' in H2: experts
While external challenges are persistent, domestic economic stimulus policies will be a key driver helping Vietnam's stock market become more positive in the remaining six months of 2025, according to experts.
Finance - Wed, July 2, 2025 | 8:20 am GMT+7
Agro-forestry-fishery exports rise over 14% in H1
Vietnam’s total agro-forestry-fishery trade in the first half of 2025 is estimated at $57 billion, with exports reaching $33.5 billion, up 14.3% year-on-year, according to the Ministry of Agriculture and Environment.
Companies - Tue, July 1, 2025 | 10:33 pm GMT+7
Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Vietnam have stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
Banking - Tue, July 1, 2025 | 10:17 pm GMT+7
Data Law aims to protect data and unlock value
The 2024 Data Law, which aims to regulate the collection, sharing and commercial use of data, creating a trusted marketplace while enhancing personal data protection and cybersecurity, takes effect on Tuesday, July 1.
Companies - Tue, July 1, 2025 | 10:06 pm GMT+7
Thailand attracts large investment in data centers, digital services
The Thailand Board of Investment (BOI) has approved investment applications worth a total of THB 28.6 billion (about $870 million) in digital infrastructure and travel sector projects, as well as incentives for the use of local content in the manufacturing of electric vehicles (EV) and hybrids, as well as electrical appliances (E&E).
Southeast Asia - Tue, July 1, 2025 | 9:55 pm GMT+7
Indonesia launches $5.9 bln EV battery ecosystem
Indonesia held a groundbreaking ceremony on Sunday for its integrated electric vehicle (EV) battery ecosystem in Karawang, West Java province.
Southeast Asia - Tue, July 1, 2025 | 9:49 pm GMT+7
