Lubrication giant Fuchs opens $10 mln factory in southern Vietnam
Germany-headquartered Fuchs, a top supplier of lubrication solutions, opened Thursday a EUR9 million ($9.7 million) factory in the southern coastal province of Ba Ria-Vung Tau.
The state-of-the-art plant will help Fuchs Vietnam meet growing demand for lubricants in this region and respond faster to local market demands, the company said in an announcement.
It said Fuchs’s portfolio in the country will be expanded and diversified to suit the strong growth potential of the Vietnamese market.

Fuchs is a leading global firm in lubrication solutions. Photo courtesy of Fuchs Vietnam.
The two-hectare plant will be further expanded in its second phase, the company said.
Currently, it has an annual capacity of 20,000 tons of products, including automotive oils, industrial oils, metal working fluids and products for the mining industry. Production will start from the fourth quarter of this year.
"This is a historic moment for FUCHS Vietnam. We are celebrating the expansion of our global presence and the strengthening of our local capabilities here at the right time, as Vietnam is an emerging market with great growth potential and plays a key role in diversifying supply chains,” said Daniel Henn, managing director FUCHS Vietnam.
FUCHS debuted in Vietnam with the opening of a sales office in 2013. In 2021, the FUCHS Group acquired 70% of the lubricants business of STD & S Co., Ltd., a distributor of specialty lubricants based in Vietnam, and integrated the business with its subsidiary Fuchs Lubricants Vietnam Company Ltd.
- Read More
Exporters diversify orders to reduce reliance on single market
Facing the risks posed by trade barriers and potential reciprocal tariffs from the U.S., many Vietnamese businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.
Companies - Sun, May 18, 2025 | 7:55 pm GMT+7
Satellite cities seen as a solution to Hanoi's urban expansion
As Hanoi faces mounting population pressure and land scarcity, satellite cities are emerging as a solution for urban expansion and long-term real estate investment, said experts and industry insiders.
Real Estate - Sun, May 18, 2025 | 7:45 pm GMT+7
Vietnam launches first Napas-Mastercard co-badged card
The National Payment Corporation of Vietnam (Napas) and Mastercard has launched the country's first co-badged card, combining domestic and international payment capabilities.
Companies - Sun, May 18, 2025 | 6:59 pm GMT+7
Dai Hung oil field project phase 3 to earn Petrovietnam extra $2.5 bln in annual revenue
The Dai Hung oil field project phase 3 offshore Vietnam has begun commercial production and is expected to generate an additional $2.5 billion in annual revenue for state-owned Petrovietnam (PVN) and around $450 million to the state budget.
Companies - Sun, May 18, 2025 | 1:48 pm GMT+7
SCG Chemicals loses $87 mln from Vietnam-based Long Son Petrochemicals in Q1
The $5.2 billion Long Son Petrochemicals (LSP) complex, located in southern Vietnam, eroded THB2.9 billion ($86.7 million) in Q1/2025 net profit of SCG Chemicals (SCGC), an arm of Thailand’s Siam Cement Group (SCG).
Companies - Sun, May 18, 2025 | 10:16 am GMT+7
Vietnam's property major Sun Group starts $1.43 bln urban project in southern Vietnam
Sun Group, one of the top property developers in Vietnam, on Friday broke ground on a VND37 trillion ($1.43 billion) urban area project in the southern coastal province of Ba Ria-Vung Tau.
Real Estate - Sun, May 18, 2025 | 8:00 am GMT+7
Vietnam, US 'agree on direction' for negotiating reciprocal trade agreement
Vietnam and the U.S. have reached a high level of agreement on issues of principles, approaches, content orientations, and plans regarding their negotiations for a reciprocal trade agreement, the Vietnamese government's news portal reported.
Economy - Sat, May 17, 2025 | 10:42 pm GMT+7
Q1 profit of Samsung’s 4 major Vietnam plants drops 39% to lowest in decade
Four major factories of Samsung Electronics in Vietnam posted a total profit of KRW966 billion ($689.4 million) in the first quarter of this year, down 39% year-on-year.
Companies - Sat, May 17, 2025 | 3:30 pm GMT+7
Our prices 30-40% lower than DHL, Viettel Post: Gozo CEO
Gozo, a Vietnamese logistics startup, currently holds a key competitive advantage: its prices are 30-40% lower than those of major players like DHL and Viettel Post, said Phan Duy Minh, founder and CEO of Gozo Express.
Companies - Sat, May 17, 2025 | 12:27 pm GMT+7
New rules on foreign investors’ acquisition of shares in Vietnamese credit institutions
Vilaf lawers provide an insight into the government's new Decree 69/2025/ND-CP which amends a number of provisions of Decree 01/2014/ND-CP on foreign investors’ acquisition of shares in Vietnamese credit institutions.
Banking - Sat, May 17, 2025 | 8:17 am GMT+7
Vietnam forecast to become world’s second-largest rice importer by 2025-2026
Vietnam is projected to become the world’s second-largest rice importer in 2025-2026, only after the Philippines, as the country must ramp up imports to meet export demand amid falls in domestic production, according to the latest World Agricultural Supply and Demand Estimates, released by the US Department of Agriculture (USDA).
Southeast Asia - Fri, May 16, 2025 | 11:36 pm GMT+7
The Trump Organization gets okay for $1.5 bln property project in northern Vietnam
A $1.5 billion golf, eco-tourism and urban complex proposed by a joint venture between Hung Yen Investment and Development Group and IDG Capital, which represents The Trump Organization, has received in-principle approval from the Vietnamese Government.
Real Estate - Fri, May 16, 2025 | 10:46 pm GMT+7
Vietnam's leading developer Becamex seeks to become billion-dollar company
Becamex, a leading industrial real estate developer in Vietnam, is strongly restructuring itself, attracting more private investment capital, and reducing state ownership, with an aim to become a billion-dollar company.
Companies - Fri, May 16, 2025 | 5:10 pm GMT+7
S Korea's Hanwha Energy eyes more LNG power projects in Vietnam
Hanwha Energy is keen to invest in more LNG-to-power projects in Vietnam, vice president Kim Young-Wook said in a meeting with the country's Ministry of Industry and Trade on Thursday.
Energy - Fri, May 16, 2025 | 3:32 pm GMT+7
Vietnam, Thailand elevate relations to comprehensive strategic partnership
Vietnam and Thailand have upgraded their relations from a strategic partnership, established in 2013, to a comprehensive strategic partnership.
Politics - Fri, May 16, 2025 | 12:44 pm GMT+7
Vietnam, China firms partner to develop pumped storage hydropower in Vietnam
Vietnam's Power Generation Corporation 2 (EVNGENCO2) and China's Lancang-Mekong International Company Limited (CSG-LMI) have signed an MoU on cooperation to develop pumped storage hydropower projects in Vietnam.
Companies - Fri, May 16, 2025 | 12:27 pm GMT+7