Kurz Group to help attract new German investors to Vietnam
Kurz Group, a major German player in hot-stamping and thin film technology, has promised to help German companies network with Vietnam’s Binh Dinh province where Kurz is building a $40-million plant.
Kurz Group's senior vice president Andreas Hirschfelder mentioned this in his meeting with authorities of the central province Monday. He added many Kurz experts are set to come to work at the facility in the Vietnam-Singapore Industrial Park Binh Dinh in Nhon Hoi Economic Zone.
The German major expects the 12-hectare production site to start operations by the third quarter of 2023. The project’s first phase is designed to supply 15 million square meters of hi-tech film and coating products a year.
Provincial Party chief Ho Quoc Dung pledged that Binh Dinh authorities would fully support Kurz Group in developing the major project as scheduled.
A corner of Nhon Hoi Economic Zone in Binh Dinh, south-central Vietnam. Photo courtesy of the province’s portal.
Kurz broke ground on the project this May, saying technologies and standards for the new plant are of the same levels as the German group’s 12 operational production sites worldwide.
The facility is the fourth German-invested project in the central province. Kurz also looks to expand the project’s investment to $100 million later.
Coatings manufactured by Kurz are applied to carrier foils and used for a wide variety of products, including automotive components, cell phones, TVs, washing machines, furniture, packaging, books, textiles, bottle labels, and bank cards, according to the German major.
- Related News
- Read More
Russian heavyweight Zarubezhneft seeks to build energy center in Vietnam
Zarubezhneft, a wholly state-owned oil & gas group of Russia, wants to develop an energy center in Vietnam, as it seeks to expand into other fields including energy and minerals.
Energy - Fri, November 28, 2025 | 1:08 pm GMT+7
Carlsberg Vietnam accelerates its path toward net-zero emission in production by 2028 with stronger renewable-energy commitments
As Vietnam advances toward its 2050 net-zero vision, businesses are expected to play a decisive role in enabling the country’s green transition. At the Green Economy Forum 2025, Carlsberg Vietnam shared how a long-standing FDI enterprise is reshaping its operations and energy strategy to align with Vietnam’s sustainability goals.
Companies - Fri, November 28, 2025 | 11:52 am GMT+7
PV Power says profit may fall in 2026 despite higher output due to extreme weather
PV Power (HoSE: POW), a subsidiary of state-owned energy giant Petrovietnam, expects electricity output to rise next year, but says profit may decline from this year’s strong results due to increasingly erratic weather conditions.
Companies - Fri, November 28, 2025 | 9:00 am GMT+7
Decoding the attraction of 'A.I Real Combat' contest broadcast on Vietnam Television
Vietnam’s first national artificial intelligence competition, 'A.I Thực chiến' (A.I Real Combat), aired its opening round at 8 p.m. Wednesday on state broadcaster VTV2, with a rebroadcast on VTV3 two days later.
Companies - Thu, November 27, 2025 | 8:17 pm GMT+7
Foxconn Industrial Internet’s Vietnam revenue jumps 83% on automation, digitalization: CEO
Foxconn Industrial Internet (FII), a unit of Taiwanese electronics giant Foxconn, saw revenue from its new-technology applications in Vietnam rise 83% in the past fiscal year while headcount increased only 20%, driven by automation and digitalization.
Companies - Thu, November 27, 2025 | 4:56 pm GMT+7
SHB bank sees development drivers from capital-raising strategy, opportunities to attract foreign inflows
The upcoming capital-hike strategy is expected to position Saigon-Hanoi Bank (SHB) among the Top 4 private banks in Vietnam by charter capital, helping the lender maintain its competitive advantage via robust capital strength.
Banking - Thu, November 27, 2025 | 4:33 pm GMT+7
Vietnam's consumer finance major F88 launches first public bond issuance with 10% annual coupon
F88, a leading consumer finance company in Vietnam, has received regulatory approval for its first public bond issuance, offering a fixed annual coupon of 10% - a level seen as attractive amid low bank deposit rates and softer corporate bond yields.
Companies - Thu, November 27, 2025 | 4:16 pm GMT+7
Technology, innovation, digital transformation will drive Vietnam to high-income, developed-economy status by 2045: PM
Science-technology, innovation, and digital transformation will be key drivers for Vietnam to become a developed, high-income economy by 2045, Prime Minister Pham Minh Chinh said at a policy dialogue with World Economic Forum (WEF) managing director Stephan Mergenthaler.
Economy - Thu, November 27, 2025 | 3:25 pm GMT+7
220kV transmission line energized to facilitate electricity imports from Laos to Vietnam
National Power Transmission Corporation (EVNNPT) and the Central Power Projects Management Board (CPMB), in coordination with relevant units, on Wednesday successfully energized the 220kV Tuong Duong-Do Luong transmission line in the central province of Nghe An, facilitating the imports of electricity from Laos to Vietnam.
Companies - Thu, November 27, 2025 | 2:32 pm GMT+7
Government allows eligible Vietnamese citizens to enter Phu Quoc, Ho Tram, Van Don casinos
Vietnam has allowed eligible Vietnamese citizens to gamble at the Phu Quoc, Ho Tram and Van Don casinos starting November 26, per a government resolution issued on Tuesday.
Economy - Thu, November 27, 2025 | 2:02 pm GMT+7
HCMC signs partnership deals with World Economic Forum, blockchain giant Binance
Ho Chi Minh City on Wednesday issued a joint statement with the World Economic Forum (WEF) on an initiative to promote smart manufacturing and responsible industrial transformation in Vietnam, while signing an MoU with Binance to promote the development of the country's International Financial Center.
Economy - Thu, November 27, 2025 | 11:28 am GMT+7
Red Capital exits major shareholder position in EVN's subsidiary VSH
Red Capital Asset Management JSC has ceased to be a major shareholder of Vinh Son-Song Hinh Hydropower JSC (HoSE: VSH), a subsidiary of state-owned Vietnam Electricity (EVN), after sharply reducing its stake.
Companies - Thu, November 27, 2025 | 7:55 am GMT+7
VAFIE, Hung Yen province authority accompany taxpayers
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and Hung Yen province's tax authority on Tuesday held a workshop on corporate tax policy updates and key notes on 2025 corporate income tax filings.
Companies - Wed, November 26, 2025 | 8:15 pm GMT+7
Thailand’s Super Energy earns $81 mln in Jan-Sep revenue from Vietnam
Super Energy Corporation, a Thai renewable-energy developer, recorded about THB2.62 billion ($81.28 million) in revenue from its Vietnam operations in the first nine months of 2025, according to its Q3 earnings report.
Companies - Wed, November 26, 2025 | 4:51 pm GMT+7
Turning point of Vietnam's fund management industry: exec
Vietnam’s asset management industry is entering a pivotal phase as the country seeks to diversify capital flows and strengthen long-term funding, said Lu Hui Hung, CEO of Phu Hung Fund Management, citing the Ministry of Finance's recently issued Decision 3168.
Finance - Wed, November 26, 2025 | 4:42 pm GMT+7
Gelex Infrastructure okayed to launch IPO of 100 mln shares
Gelex Infrastructure JSC has received approval from the State Securities Commission of Vietnam to proceed with an initial public offering of 100 million shares, the company said.
Companies - Wed, November 26, 2025 | 3:52 pm GMT+7
