Major builder Viglacera's industrial park welcomes $210 mln investment from China
Viglacera, Vietnam's leading building material producer and industrial real estate developer, has welcomed investments of $210 million from four Chinese businesses into its industrial parks.
Vietnam Electrical Equipment JSC (Gelex), the biggest stakeholder at Viglacera, announced the information on Thursday. Viglacera signed agreements on the move at an investment promotion conference, hosted last weekend by Bac Ninh province authorities in Shanghai, China, according to Gelex.
The investments will go into Yen Phong II-C Industrial Park, invested by Viglacera and located in Bac Ninh, northern Vietnam.

Executives of Viglacera and Chinese partners sign agreements in Shanghai, China, May 13, 2024. Photo courtesy of Viglacera.
Micro Commercial Components Vietnam, under China’s Yangjie Technology, will invest $90 million in an eight-hectare facility. The semiconductor business will produce items for Huawei, BYD, Philips, and Sony.
Cayi Technology Vietnam, under China’s Cayi Technology, will invest $40 million in a seven-hectare factory, also its first overseas project. The firm will manufacture hot water bottles for Stanley 13, Takeya, and Starbucks.
Viglacera also signed agreements with two firms for manufacturing and assembling of electronic components, with investments of $80 million.
Viglacera, operator of 13 industrial parks in Vietnam and one in Cuba, has so far attracted investments of $18 billion from foreign businesses, including $3 billion from 70 Chinese ones. Notable names in Viglacera’s industrial parks are BYD, Qisda, Texhong, Kanglongda, Foxconn, Risuntek, Nam Liong, BBID, Samsung, Amkor, Hyosung, and Canon.
- Read More
Vietnam's retail space market rebounds after massive crackdowns on counterfeit goods
The presence of numerous international brands in Ho Chi Minh City and Hanoi signals that Vietnam's retail market remains attractive, and following a wave of authorities' crackdowns on counterfeit goods, consumers are expected to benefit from a more sustainable market.
Real Estate - Fri, July 25, 2025 | 10:46 am GMT+7
Vietnam's plastics heavyweight Tien Phong sees record-high quarterly profit
Tien Phong Plastic JSC, a top plastics manufacturer in Vietnam, posted an after-tax profit of VND320.5 billion ($12.26 million) in Q2/2025, up 34.5% year-on-year and an all-time quarterly high.
Companies - Fri, July 25, 2025 | 9:00 am GMT+7
VinFast partners with 12 major banks to accelerate green transport in Hanoi
Vietnamese electric vehicle maker VinFast, a subsidiary of Vingroup, on Thursday signed a cooperation agreement with 12 financial institutions to promote the transition from gasoline-powered vehicles to electric ones in Hanoi.
Companies - Thu, July 24, 2025 | 10:43 pm GMT+7
Thailand submits final proposal in tariff talks with US
Thailand has entered the final stage of negotiations with the U.S. on tariffs, hoping to achieve a tax rate that is competitive with regional partners before the August 1 deadline.
Southeast Asia - Thu, July 24, 2025 | 10:39 pm GMT+7
Vietnam’s expressway giant VEC lands huge state capital boost
State-owned expressway developer Vietnam Expressway Corporation (VEC) has seen its charter capital rise by over VND37.5 trillion to VND38.62 trillion ($1.48 billion) this year, as per a decision signed by Minister of Finance Nguyen Van Thang.
Companies - Thu, July 24, 2025 | 10:26 pm GMT+7
Vietnam’s food giant Kido to acquire 41% stake in operator of HCMC mall
Kido Group (HoSE: KDC), a leading food company in Vietnam, has announced its plan to acquire a 41% stake in Bac Binh Construction Investment JSC, the operator of Van Hanh Mall – one of the largest shopping centers in Ho Chi Minh City.
Real Estate - Thu, July 24, 2025 | 10:14 pm GMT+7
Vietnam remains Nike’s biggest manufacturing hub for 3rd year in row
Vietnam remains Nike’s largest manufacturing base globally for the third fiscal year running, according to the U.S. sportswear giant’s annual report for fiscal year 2025 ending in May.
Companies - Thu, July 24, 2025 | 4:24 pm GMT+7
Gia Binh to be northern Vietnam’s largest airport as scale largely revised up
Gia Binh International Airport in Bac Ninh province, an industrial hub neighboring Hanoi, is set to surpass Noi Bai as northern Vietnam’s largest airport, after the construction ministry approved adjustments to its projected capacity and land area.
Infrastructure - Thu, July 24, 2025 | 3:25 pm GMT+7
Ho Chi Minh City powers up as industrial giant post-merger
Vietnam’s southern economic engine Ho Chi Minh City is shifting into high gear, fueled by a landmark merger with neighboring industrial hubs Binh Duong and Ba Ria-Vung Tau.
Companies - Thu, July 24, 2025 | 2:04 pm GMT+7
Malaysia announces cash aid, fuel price cut amid inflation
Malaysian Prime Minister Anwar Ibrahim on Wednesday announced new measures to address growing public concern about the rising cost of living, including a cash handout for all adult citizens and a promise to lower fuel prices.
Southeast Asia - Thu, July 24, 2025 | 1:44 pm GMT+7
Ca Na LNG-fueled power project in central Vietnam draws only one bid
A consortium comprising multi-sector corporation Trungnam Group and Sideros River has been the sole bidder to date for the 1,500 MW Ca Na LNG-to-power project in Vietnam’s south-central province of Khanh Hoa, according to local authorities.
Investing - Thu, July 24, 2025 | 1:21 pm GMT+7
Techcombank, Vingroup okayed to form life insurance firm
Techcombank, a major private lender in Vietnam, said it has secured a license from the Ministry of Finance to set up a life insurance firm, with itself and leading conglomerate Vingroup as major shareholders.
Finance - Thu, July 24, 2025 | 11:04 am GMT+7
Vietnam's logistics major Gemadept completes 70% of 2025 profit plan after 6 months
Gemadept Corporation, a leading port and logistics company in Vietnam, had completed 70% of the year's profit target set by its AGM after six months.
Companies - Thu, July 24, 2025 | 8:53 am GMT+7
Danish Ambassador, Carlsberg Vietnam's meeting with Hue city's administration reflects long-term partnership commitments
The recent visits by Danish Ambassador Nicolai Prytz and Carlsberg Vietnam leadership to the Hue city People's Committee reaffirm their commitment to long-term partnership and sustainable development.
Companies - Thu, July 24, 2025 | 8:00 am GMT+7
Postal and delivery services: high revenue, slim profit
The presence of both international and domestic players is energizing the postal and delivery services market, yet fierce price competition continues to narrow profit margins, testing corporate endurance.
Companies - Thu, July 24, 2025 | 7:42 am GMT+7
Vietnam’s digital asset market attracts major players
Domestic securities firms, investment funds, and prominent technology companies both in and outside Vietnam are actively positioning themselves to tap into the country’s growing digital asset and cryptocurrency market.
Finance - Wed, July 23, 2025 | 11:55 pm GMT+7