Northern Vietnam province okays Taiwan’s $120 mln fan manufacturing investment
Thai Binh province has licensed Taiwanese-invested Yuan Long International Limited's $120 million project to manufacture ceiling fans and fan components.
Covering 15.6 hectare in Lien Ha Thai Industrial Park, the Yuan Long Vietnam factory is set to enter first-phase production in the fourth quarter of 2025 and second-phase operation in Q4/2028. It will employ 4,500 people.
Yuan Long Vietnam's office in Thai Binh province, northern Vietnam. Photo courtesy of Thai Binh industrial zones authority.
The project is expected to earn annual revenue of VND3,200 billion ($125.9 million). It can pay VND269 billion ($10.6 million) to the state budget yearly once the preferential treatment ends, according to Thai Binh industrial zones authority.
In the first 10 months of this year, economic zones and industrial parks in Thai Binh province attracted investments of $727 million, including 25 new projects with total registered capital of $660 million.
Thai Binh province allured $958 million in foreign direct investment (FDI) in the period, up 71% year-on-year, according to the Ministry of Planning and Investment. The figure included $948.2 million from 34 new projects.
- Related News
- Read More
108 foreign investors hold 26.8% stake in Vietnam's industrial giant Thaco
Vietnam’s industrial conglomerate Truong Hai Group (Thaco) has reported a charter capital of VND30.51 trillion ($1.16 billion), with domestic private capital accounting for 73.2% and 108 foreign investors holding the remaining 26.8% stake.
Companies - Sun, November 16, 2025 | 4:42 pm GMT+7
Vietnam the most important manufacturing hub of Chinese electronics giant Luxshare-ICT: exec
Major Chinese electronics manufacturer Luxshare-ICT will expand its operations in Vietnam by rolling out large science-technology and innovation projects in the northern province of Bac Ninh and other localities, its vice chairman Wang Laisheng said on Saturday.
Companies - Sun, November 16, 2025 | 2:46 pm GMT+7
Sweden’s Syre reinforces $1 bln textile recycling plant in Vietnam with Nike deal
A strategic deal with U.S. sportswear giant Nike is expected to consolidate Swedish recycling start-up Syre's plans to roll out a global network of textile-to-textile recycling facilities, beginning with a $1 billion plant in Vietnam.
Industries - Sun, November 16, 2025 | 8:00 am GMT+7
Vietnam plans roadmap to allow short selling under stock market upgrade program
Vietnam’s Ministry of Finance has outlined a plan to introduce short selling and securities lending on a controlled basis as part of its broader effort to upgrade the country’s stock market from frontier to secondary emerging status.
Finance - Sat, November 15, 2025 | 8:01 pm GMT+7
Vietnam's first LNG power plants to begin commercial operation in Nov-Dec
Nhon Trach 3 and 4, Vietnam’s first LNG-fired power plants, are expected to begin commercial operations at the end of 2025, according to authorities in the southern province of Dong Nai.
Energy - Sat, November 15, 2025 | 3:42 pm GMT+7
Central Vietnam hub pushes ahead with sea encroachment project to strongly attract FDI
A sea encroachment project in Danang will be vital to the city's strong foreign investment attraction, said Chairman of the municipal People’s Committee Pham Duc An.
Industries - Sat, November 15, 2025 | 11:44 am GMT+7
Grocery chain Bach Hoa Xanh to enter northern Vietnam with first store in Ninh Binh province
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (MWG), will open its first store in northern Vietnam in late November, marking its major geographic expansion since the brand was launched nearly a decade ago.
Industries - Sat, November 15, 2025 | 8:00 am GMT+7
Indonesia strives to restore its position as a major sugar exporter
Indonesia aims to achieve self-sufficiency in white sugar by 2026 as part of a national drive to strengthen food security and revive the country’s once-thriving sugar industry, said Agriculture Minister Andi Amran Sulaiman.
Southeast Asia - Fri, November 14, 2025 | 9:10 pm GMT+7
Honda warns Vietnam sales could drop 200,000 units on proposed gasoline motorbike ban
Honda Motor Co. has warned that its annual motorbike sales in Vietnam could fall by around 200,000 units if Hanoi moves ahead with a plan to ban gasoline-powered two-wheelers in downtown city.
Companies - Fri, November 14, 2025 | 8:53 pm GMT+7
Northern Vietnam airport Gia Binh set to reshape capital region’s aviation network
Gia Binh International Airport, located in Bac Ninh province, is a strategic development that will reshape the capital region’s aviation network, said Minister of Construction Tran Hong Minh.
Infrastructure - Fri, November 14, 2025 | 4:50 pm GMT+7
Nearly 17,000 people join Standard Chartered’s Fun Fit Fest to support community
After a month of implementing, Standard Chartered’s Fun Fit Fest, an initiative that aims to foster a healthy community and social responsibility, attracted nearly 17,000 participants joining challenges in over 15 sports.
Companies - Fri, November 14, 2025 | 4:09 pm GMT+7
Japanese confectioner Bourbon seeks to expand cocoa raw-material zones in central Vietnam
Bourbon Corporation, one of the leading companies offering a wide range of confectionery and snacks, beverage and food in Japan, is seeking to partner with Ca Cao Trong Duc Company Limited to develop cocoa raw-material zones in Gia Lai province, central Vietnam.
Industries - Fri, November 14, 2025 | 3:29 pm GMT+7
Vingroup submits $325 mln overseas bond issuance application to Vietnam's market watchdog
Vietnam's State Securities Commission (SSC) said it had received a dossier from Vingroup (HoSE: VIC) for offering bonds worth $325 million to the international market.
Finance - Fri, November 14, 2025 | 2:01 pm GMT+7
Central Vietnam city proposes $245 mln investment in two port terminals
Hue city authorities are seeking in-principle approval for investment in two terminals at the Phong Dien port area, with total capital of VND6.45 trillion ($244.74 million).
Infrastructure - Fri, November 14, 2025 | 12:22 pm GMT+7
HCMC, Netherlands seek to collaborate on seaport, airport development
Vietnam’s southern metropolis Ho Chi Minh City and the Netherlands are looking for cooperation on developing green seaports, smart airports, and sustainable logistics systems.
Infrastructure - Fri, November 14, 2025 | 11:53 am GMT+7
Northern Vietnam port upgrade proposed to receive 200,000-DWT vessels
Hung Yen province authorities have proposed the Ministry of Construction include their Diem Dien port area in the country's master plan for seaport development from 2021-2030, with a vision to 2050.
Infrastructure - Fri, November 14, 2025 | 9:24 am GMT+7
