More foreign firms eye chip component projects in Vietnam
Vietnam is attracting attention of foreign companies as a destination for producing chip components amid a global shortage of this critical part in automobile and electronics manufacturing.
In a meeting with Hanoi leaders Tuesday, the Sein I&D Vietnam CEO said the South Korean firm was eyeing building a microchip factory in Hanoi. Microchip is a tiny wafer of semiconducting material used to make an integrated circuit.
Kim Jung In told Hanoi Chairman Tran Sy Thanh that semiconductor production is a strength of South Korea while Hanoi is a good destination for investment in making this item, given its planning until 2030 with vision until 2050 to develop the city as a center with satellite, smart urban areas.
He said Hanoi should further ease its procedures and create favorable conditions for high-tech South Korean startups to set up shop in Vietnam. Sein I&D Vietnam operates in finance, development investment and fund areas.
Korean giant Samsung Electronics is also preparing for the trial production of a flip-chip ball grid array in Vietnam, with commercial production slated to begin next July at its factory in Thai Nguyen province.
This information was revealed during a meeting in Hanoi between Roh Tae-moon, president and head of smartphone business of Samsung Electronics, and Prime Minister Pham Minh Chinh on August 5.
Flip-chip BGA is a mid-cost, high-performance, semiconductor packaging solution that utilizes controlled collapse chip connection technology, also known as flip-chip, for its die to substrate interconnection.
Synopsys, Inc. is re-directing its operations to avoid a China-U.S. tech war by moving part of its engineer training venture to Vietnam. The U.S. chip software firm and Ho Chi Minh City’s Saigon Hi-tech Park (SHTP) signed a memorandum of understanding on June 25 for Synopsys to support chip design training in Vietnam.
U.S.-based Amkor Technology Inc., a global semiconductor product packaging and test services provider, said it was investing as much as $1.6 billion until 2035 to build a state-of-the-art facility in Bac Ninh province, northern Vietnam as an important part of the American corporation’s worldwide network.
In a meeting with Oh Hyung Kwon, Qualcomm senior vice president and president of Asia-Pacific, in late August, Vietnam's Deputy Minister of Information and Communications Pham Duc Long said Vietnam was willing to create the best conditions for U.S. wireless technology giant Qualcomm to build chip research, development and testing facilities in the country.
Military-run Viettel, Vietnam's biggest telecom group, is seeking the prime ministerial okay to make chips for domestic and overseas markets.
Viettel metioned its proposal in a meeting with PM Chinh in late August amid the global shortage of chips, which has impacted across-the-board sectors and developed countries boosting chip production for national security.
In response, the Prime Minister ordered Viettel to research and produce chips to assist the country's national digitalisation and development of a digital government, digital economy and digital society.
Construction commenced Tuesday on the $38.5 million GNP Nam Dinh Vu industrial center project in Nam Dinh Vu Industrial Park, Hai Phong.
Industrial real estate - Wed, September 28, 2022 | 11:23 am GTM+7
Finnish company Valmet will provide Cheng Loong Binh Duong Paper Co. with key process technology for its new containerboard machine 23 at the company’s Ben Cat mill in Binh Duong province, southern Vietnam.
Companies - Wed, September 28, 2022 | 10:36 am GTM+7
The National Assembly, Vietnam’s parliament, is scheduled to pass seven draft and amended laws at its October-November session, including an amended oil & gas law and one on money laundering.
Politics - Wed, September 28, 2022 | 8:38 am GTM+7
The Ministry of Transport has asked the Prime Minister for permission to grant a license to the country’s first cargo airline, IPP Air Cargo.
Industries - Tue, September 27, 2022 | 10:45 pm GTM+7
Son Kim Real Estate Investment JSC planned a private placement of bonds worth VND500 billion ($21 million) late this month to purchase The METT office project in Ho Chi Minh City's Thu Thiem new urban area.
Finance - Tue, September 27, 2022 | 10:27 pm GTM+7
Vietnam's economic expansion can hit 7.2% this year and 6.7% next year, the highest in Southeast Asia, the World Bank says Tuesday.
Economy - Tue, September 27, 2022 | 9:45 pm GTM+7
Nguyen Quang Linh, assistant to Standing Deputy Prime Minister Pham Binh Minh, was arrested Tuesday for allegedly accepting bribes related to repatriation of Vietnamese citizens during the pandemic crisis.
Politics - Tue, September 27, 2022 | 5:06 pm GTM+7
Becamex IDC and the Confederation of Indian Industry (CII) have signed an agreement on partnership in the areas of IT, medical care, electronics, sustainable development and innovation.
Companies - Tue, September 27, 2022 | 3:27 pm GTM+7
BCG Land and Helios have signed strategic agreements with 13 top realty consultants to distribute properties of their King Crown Infinity project in both domestic and foreign markets.
Companies - Tue, September 27, 2022 | 3:26 pm GTM+7
The government has proposed to the National Assembly unique tax incentives for businesses in some prioritized sectors in Buon Ma Thuot, the biggest town in Vietnam's Central Highlands.
Industries - Tue, September 27, 2022 | 2:45 pm GTM+7
U.S. renewable energy developer Vesper Energy has signed a deal to buy 861-megawatt solar modules from Vietnam-headquartered manufacturer Boviet Solar.
Energy - Tue, September 27, 2022 | 11:34 am GTM+7
The disbursement of public investment reached VND243,148 billion ($10.25 billion) in the first nine months of the year, or 46.7% of the government's nine-month plan.
Economy - Tue, September 27, 2022 | 11:12 am GTM+7
Several Ford, Hyundai and Toyota dealers in Vietnam are shocking customers by charging them thousands of dollars more than the sticker price, citing cost of accessories.
Companies - Tue, September 27, 2022 | 10:05 am GTM+7
Typhoon Noru, one of the biggest to hit Vietnam in 20 years, has forced five airports in the central region to suspend operations for at least 24 hours, starting Tuesday.
Travel - Tue, September 27, 2022 | 9:22 am GTM+7
The Central Inspection Committee has proposed the Party Central Committee’s Secretariat considers disciplining Deputy Foreign Minister To Anh Dung and Nguyen Quang Linh, assistant to the Standing Deputy Prime Minister.
Politics - Mon, September 26, 2022 | 8:06 pm GTM+7