Marvell, Google should invest more in Vietnam: minister
Minister of Planning and Investment Nguyen Chi Dung has called on Marvell Technology and Google to invest more in Vietnam, especially in semiconductors and artificial intelligence (AI), as part of his working trip to the United States from June 22-26.
Marvell R&D center in Hanoi
At a Sunday meeting (local time) with Marvell, Minister Dung suggested Marvell invest more in Vietnam, especially in research and development (R&D), in order to transform Vietnam into a major hub of the U.S. semiconductor giant. The investment would “help the growth of the Vietnamese semiconductor ecosystem”, the minister added.
Dung also called on Marvell to open a representative office and a R&D center at the National Innovation Center (NIC) in Hanoi, in a bid to push the firm’s business operations and research activities and debut new technology.
Minister of Planning and Investment Nguyen Chi Dung (behind, center) at a working session with Marvell in the United States, June 23, 2024. Photo courtesy of the Ministry of Planning and Investment.
Besides, he recommended Marvell work with the NIC to develop a semiconductor lab to train chip designers, launch and expand the Marvell Excellence Scholarship in Vietnam, and provide internships at Marvell for Vietnamese students.
In May, Marvell said it plans to open a new design center in Ho Chi Minh City next year, and it has expanded its physical footprint in Vietnam with a new location in Danang, adding to its offices in HCMC. The growth of its footprint demonstrates the company’s commitment to creating a world-class semiconductor design hub in the country, the firm added.
Since its debut in Vietnam in 2013, Marvell now employs about 400 people in Vietnam, with high-quality engineers in chip and electronics design accounting for 97%. Its expansion in HCMC and Danang will help Vietnamese staff join the firm’s projects featuring the latest technology.
Google, MPI can forge comprehensive strategic ties
On the same day, Minister Dung had a meeting with Kareen Ghanem, director of government affairs & public policy at Google. The Google executive shared that Google plans to produce mobile phones in Vietnam, extending its current activities in Vietnam regarding digitalization, e-commerce, innovation, and startups.
Minister of Planning and Investment Nguyen Chi Dung (right) at a working session with Google in the United States, June 23, 2024. Photo courtesy of the Ministry of Planning and Investment.
For his part, the Vietnamese minister highly rated Google’s cooperation with the NIC in workforce training and business incubation programs. He appreciated Google’s assistance in cloud programs to help Vietnam’s incubation program for AI startups this year.
Dung, as the Prime Minister’s special envoy for collaboration with Google, affirmed that the Vietnamese authorities would facilitate Google’s investment and R&D activities in the country.
Google and the Ministry of Planning and Investment can forge a comprehensive strategic partnership by pushing Google’s high-tech investments in Vietnam and cooperating with the NIC, Dung proposed.
- Read More
Vingroup plans $38 mln bond issuance to restructure debt
Vingroup (HoSE: VIC), Vietnam’s largest listed company by market cap, plans to issue VND1 trillion ($37.91 million) in bonds via private placement as it seeks to restructure debt.
Companies - Tue, November 25, 2025 | 3:52 pm GMT+7
Vietnam gov't proposes minimum $379 mln charter capital for offshore wind developers
The Vietnamese government has proposed that offshore wind power developers have a minimum charter capital of VND10 trillion ($379 million) each, according to a draft resolution designed to ease bottlenecks in the country’s 2026-2030 energy development plan.
Energy - Tue, November 25, 2025 | 3:41 pm GMT+7
Petrovietnam arm to venture into CO2 transportation, seabed minerals, geothermal
PVEP, the upstream arm of state giant Petrovietnam, plans to expand into new fields such as CO2 transportation and disposal (carbon capture, utilization, and storage), coal gas and underground mineral research, seabed minerals, and geothermal.
Industries - Tue, November 25, 2025 | 3:08 pm GMT+7
MB successfully closes landmark $500 mln inaugural green term loan facility agreement
Military Commercial Joint Stock Bank (MB) on Monday announced the successful closing of its three-year $500 million inaugural Green Term Loan Facility Agreement, marking a significant milestone in the bank’s sustainable financing journey.
Banking - Tue, November 25, 2025 | 2:17 pm GMT+7
Impact of rising exchange rates in Vietnam
Mirae Asset Securities analysts offer an insight into the impact of rising exchange rates on companies in Vietnam in a report dated November 21.
Economy - Tue, November 25, 2025 | 1:35 pm GMT+7
Vietnam's industrial park developers post strong earnings as tenant demand rebounds
Vietnam’s industrial real estate sector is showing stronger earnings and improving demand, with foreign tenants resuming lease negotiations after U.S. tariff policies became clearer, according to a brokerage report.
Industrial real estate - Tue, November 25, 2025 | 11:07 am GMT+7
Vietnamese export stocks under the radar despite strong earnings
Investor caution over tariff risks and the slowdown of major economies has prevented Vietnamese export stocks from making a strong price recovery.
Finance - Tue, November 25, 2025 | 8:44 am GMT+7
Indonesia plans 7 initial waste-to-energy plants next year
Indonesia will start the construction of seven waste-to-energy power plants in 2026 as the first step to develop 33 such facilities by 2029.
Southeast Asia - Mon, November 24, 2025 | 9:23 pm GMT+7
Malaysia predicted to be ASEAN’s second-fastest-growing economy, after Vietnam
Malaysia is poised to become the second-fastest-growing economy in the Association of Southeast Asian Nations (ASEAN) after Vietnam, data showed.
Southeast Asia - Mon, November 24, 2025 | 9:19 pm GMT+7
Thailand SCG-backed Bien Hoa Packaging plans delisting from HCMC bourse
Bien Hoa Packaging JSC, a 57-year-old manufacturer in Vietnam, plans to scrap its public-company status and delist from the Ho Chi Minh Stock Exchange (HoSE) as its free float fell below the minimum threshold under local securities law.
Companies - Mon, November 24, 2025 | 9:06 pm GMT+7
Real estate, industrials sectors lead in October M&A value in Vietnam
Grant Thornton analysts provide an insight to capital flows, the sectors attracting investor attention, and the market dynamics influencing the merger and acquisition (M&A) landscape in Vietnam in October.
Economy - Mon, November 24, 2025 | 4:39 pm GMT+7
Tobacco giant Vinataba to sell entire stake in instant noodle maker Colusa-Miliket
State-owned Vietnam National Tobacco Corporation (Vinataba) plans to divest its entire 20% stake in Colusa-Miliket, the company behind the iconic “Miliket” (two-shrimp) instant noodle brand, seeking to raise at least VND114 billion ($4.32 million).
Companies - Mon, November 24, 2025 | 4:10 pm GMT+7
VinSpeed cannot participate in North-South high-speed rail project under PPP model: exec
Pham Nhat Vuong, founder of VinSpeed High-Speed Rail Investment and Development JSC, has mapped out a clear 30-year financing plan for the gigantic North-South high-speed rail project, said an executive at Vingroup, a VinSpeed investor.
Infrastructure - Mon, November 24, 2025 | 3:51 pm GMT+7
Delivery major Viettel Post plans $21 mln logistics center in central Vietnam
Viettel Post, the courier arm of military-run telecom giant Viettel, has completed a site survey for a planned 21-hectare logistics center in the central province of Ha Tinh, with an estimated investment of nearly VND550 billion ($20.87 million).
Industries - Mon, November 24, 2025 | 11:49 am GMT+7
Honda Mobilityland eyes 600-ha sports, entertainment, tourism complex in southern Vietnam
Honda Mobilityland Corporation, a subsidiary of Japan’s Honda Motor Co., plans to build an international circuit in Tay Ninh province, towards developing a 600-hectare sports, entertainment, and tourism complex there.
Industries - Mon, November 24, 2025 | 11:23 am GMT+7
State-controlled shipping line Vosco steps up coal trading to seek new revenue drive
Vietnam Ocean Shipping JSC (Vosco), controlled by the state-run Vietnam Maritime Corporation, is moving deeper into coal trading as the shipping line increasingly bids for large import contracts for thermal power plants, marking a push beyond its core maritime transport business.
Companies - Mon, November 24, 2025 | 8:36 am GMT+7




















