Northern Vietnam province to complete site clearance for Samsung-Apple supplier Goertek next month

By Tri Duc
Mon, December 23, 2024 | 4:54 pm GMT+7

Vietnam’s northern province of Bac Ninh aims to complete site clearance for the Nam Son-Hap Linh Industrial Park project before the Lunar New Year (Tet) Holiday, to facilitate investment of Chinese electronics giant Goertek.

Bac Ninh Chairman Vuong Quoc Tuan made the suggestion at a Monday meeting on the site clearance. Tet holiday 2025 will last from January 25 to February 2, 2025.

Bac Ninh Chairman Vuong Quoc Tuan (standing) speaks at a meeting in Bac Ninh province, northern Vietnam, December 23, 2024. Photo courtesy of Bac Ninh news portal.

Bac Ninh Chairman Vuong Quoc Tuan (standing) speaks at a meeting in Bac Ninh province, northern Vietnam, December 23, 2024. Photo courtesy of Bac Ninh news portal.

The industrial park has seen site clearance for 220 hectares out of the total 306.4 hectares completed, said the facility investor Kinh Bac City.

It currently struggles to process site clearance for three farming land lots of 25 hectares and one defense land of 1.2 hectares, it added.

Tuan emphasized that meeting the site clearance deadline will help provincial authorities approve another investment registration certificate for Goertek in Q1/2025 and facilitate Goertek to begin constructionin Q2/2025.

Goertek, a supplier to Samsung and Apple, started investment in Bac Ninh in 2013 with a project in Que Vo Industrial Park. In 2023, the firm expanded its investment to Nam Son-Hap Linh Industrial Park.

In Nam Son-Hap Linh Industrial Park, Goertek said it would set up a subsidiary with an investment $280 million, according to a January report.

Comments (0)
  • Read More
Vietnam’s budget carrier VietJet can pilot China's Comac aircraft on some routes: Deputy PM

Vietnam’s budget carrier VietJet can pilot China's Comac aircraft on some routes: Deputy PM

China’s state-owned aerospace manufacturer Comac and Vietnam’s budget airline VietJet should collaborate with a Chinese airline having Comac aircraft to pilot Comac aircraft on some of VietJet routes, says Vietnamese Deputy Prime Minister Tran Hong Ha.

Companies - Thu, January 16, 2025 | 12:26 pm GMT+7

Offshore wind power investors can sell entire projects in Vietnam: draft decree

Offshore wind power investors can sell entire projects in Vietnam: draft decree

A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade will facilitate investors to sell their projects or stakes.

Energy - Thu, January 16, 2025 | 11:27 am GMT+7

Build your own sales channels if e-commerce competition too harsh: NextTech exec 

Build your own sales channels if e-commerce competition too harsh: NextTech exec 

If e-commerce competition is too harsh, Vietnamese businesses should develop their own sales channels and customer databases, says Nguyen Hoa Binh, founder and chairman of NextTech Group, a leading technology startup in Vietnam.

Economy - Thu, January 16, 2025 | 9:05 am GMT+7

Indonesia moves to secure domestic pharmaceutical independence

Indonesia moves to secure domestic pharmaceutical independence

Indonesia's Health Ministry is working to achieve domestic pharmaceutical independence through research and development, production, and market guarantees.

Southeast Asia - Thu, January 16, 2025 | 8:09 am GMT+7

Malaysia cooperates with UAE in AI development, digital transformation

Malaysia cooperates with UAE in AI development, digital transformation

Malaysian Prime Minister Anwar Ibrahim has said that the country must embark on digital transformation within its economic and financial sectors, prioritizing areas such as blockchain and cryptocurrency to remain at the forefront of the digital age.

Southeast Asia - Wed, January 15, 2025 | 11:00 pm GMT+7

Thai billionaire seeks to increase stake in Vietnam dairy gaint Vinamilk

Thai billionaire seeks to increase stake in Vietnam dairy gaint Vinamilk

F&N Dairy Investments Pte. Ltd - an entity associated with Thai billionaire Charoen Sirivadhanabhakdi - has registered to purchase nearly 20.9 million shares of Vietnamese dairy giant Vinamilk (HoSE: VNM).

Companies - Wed, January 15, 2025 | 10:54 pm GMT+7

Vietnam PM leaves for official visits to Poland, Czech, WEF meeting

Vietnam PM leaves for official visits to Poland, Czech, WEF meeting

Prime Minister Pham Minh Chinh departed Hanoi on Wednesday afternoon for official visits to Poland and the Czech Republic, attendance at the 55th World Economic Forum (WEF) Annual Meeting in Davos, and bilateral meetings in Switzerland.

Politics - Wed, January 15, 2025 | 10:31 pm GMT+7

Malaysia’s manufacturing sector sees positive signs in 2025

Malaysia’s manufacturing sector sees positive signs in 2025

Malaysia’s manufacturing sector is forecast to recover well in 2025 as global trade dynamics and geopolitical shifts influence market trends.

Southeast Asia - Wed, January 15, 2025 | 10:06 pm GMT+7

Thailand posts record investment last year

Thailand posts record investment last year

Thailand saw record investment figures for 2024, with applications exceeding THB1.13 trillion ($32.5 billion), the highest in the past decade, according to the country’s Board of Investment (BOI).

Southeast Asia - Wed, January 15, 2025 | 10:05 pm GMT+7

Indonesia considers reducing trade tariffs with US

Indonesia considers reducing trade tariffs with US

Indonesia is planning to lower trade tariffs with the U.S. as President-elect Donald Trump prepares to implement a universal tariff policy.

Southeast Asia - Wed, January 15, 2025 | 9:58 pm GMT+7

Malaysia eyes greater sustainability in palm oil sector as EU law looms

Malaysia eyes greater sustainability in palm oil sector as EU law looms

The Malaysian government said on Tuesday that it will encourage sustainability while maintaining the competitiveness of its palm oil industry ahead of the implementation of the EU’s anti-deforestation law at the end of this year.

Southeast Asia - Wed, January 15, 2025 | 9:52 pm GMT+7

T&T Group proposes 3,400 hectare urban, logistics, aviation industry complex in central Vietnam

T&T Group proposes 3,400 hectare urban, logistics, aviation industry complex in central Vietnam

Vietnamese conglomerate T&T Group and Singaporean consultancy firm CPG Corporation have proposed an urban-commerce-service-logistics-aviation industry complex covering 3,400 hectares in the central province of Quang Tri.

Real Estate - Wed, January 15, 2025 | 5:17 pm GMT+7

Samsung Vietnam facilities in Thai Nguyen province post 5% revenue growth in 2024: outgoing CEO

Samsung Vietnam facilities in Thai Nguyen province post 5% revenue growth in 2024: outgoing CEO

Factories in Thai Nguyen province of Samsung Vietnam earned a total revenue of $26.3 billion in 2024, up 5% year-on-year, said outgoing Samsung Vietnam CEO Choi Joo Ho.

Companies - Wed, January 15, 2025 | 4:22 pm GMT+7

Draft decree on offshore wind power sets requirements for foreign investors

Draft decree on offshore wind power sets requirements for foreign investors

A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade includes requirements for foreign investors, such as financial capacity and past experience.

Energy - Wed, January 15, 2025 | 4:01 pm GMT+7

Kim Long Motors, China’s Changan Automobile to build 50,000-unit plant in central Vietnam

Kim Long Motors, China’s Changan Automobile to build 50,000-unit plant in central Vietnam

Vietnamese automaker Kim Long Motors and China’s Changan Automobile Co., Ltd. will join hands to build a plant manufacturing 5-7 seat passenger cars in the central city of Hue.

Industries - Wed, January 15, 2025 | 1:43 pm GMT+7

From a third-grade dropout to famous ceramics maker exporting worldwide

From a third-grade dropout to famous ceramics maker exporting worldwide

Ly Ngoc Minh, chairman and founder of Minh Long Ceramics Company, defied the odds by transforming from a boy who only completed the third grade into the creator of a globally recognized ceramic brand and the owner of a ceramic product museum.

Companies - Wed, January 15, 2025 | 12:30 pm GMT+7