China’s Yadea begins building $100 mln electric bike factory in northern Vietnam
China-invested Vietnam Yadea Electric Motorcycle Company Limited kicked off the construction of a $100 million electric bike factory in Vietnam’s northern province of Bac Giang on Sunday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Cargill to open major Vietnam animal nutrition plant in September
U.S.-based agribusiness giant Cargill will launch its newest Vietnam manufacturing facility in the third week of September, bolstering its commitment to long-term investment in the country.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
K-sure’s $110 mln funding to boost Vietnam wind tower manufacturing
The Korea Trade Insurance Corporation (K-Sure), which promotes trade and overseas investment of South Korean companies, will provide financial support of $110 million to expand a wind tower plant near Ho Chi Minh City.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam new source for rare earths magnet companies
South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Bidiphar to build $36 mln pharma plant in central Vietnam
Vietnamese drugs manufacturer Bidiphar plans to build a 2.4-hectare factory costing VND840 billion ($35.5 million) in the central province of Binh Dinh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm begins solar module production in northern Vietnam
U.S. solar module manufacturer Thornova Solar says it has started production at volume in its Vietnam facility that will supply products to the United States.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam EV startup VinFast to break ground for US factory next week
Vietnamese electric vehicle startup VinFast will hold a groundbreaking ceremony for a major factory in North Carolina in the U.S. on July 28, the producer said on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s VinES set to bring BESS solutions to Australia via new partner Magellan
Vietnamese firm VinES Energy Solutions and Australia’s Magellan Power announced Monday their signing of a memorandum of understanding outlining their strategic cooperation in commercial supply and service offering of battery energy storage systems (BESS) in the Australian market.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
AD Green launches $45 mln solar panel plant in northern Vietnam
Vietnamese private conglomerate Damsan’s AD Green has inaugurated a $45 million, 3-gigawatt factory in northern Vietnam, manufacturing solar panels for domestic and overseas markets.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Huanlejia Food to build $18.4 mln coconut processing plant in Vietnam
Chinese firm Huanlejia Food plans to invest $18.4 million to build a coconut processing project in Vietnam’s Mekong Delta, according to a Huanlejia filing to the Shenzhen Stock Exchange (SHE) submitted on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Swedish polymer solution firm Trelleborg to build $37 mln plant in southern Vietnam
Trelleborg, a Sweden-based polymer solution provider, will invest SEK400 million ($36.81 million) in a factory in the southern province of Ba Ria-Vung Tau from 2023-2026.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Taiwan power supply module maker Linkcom considers building Vietnam plant
Linkcom Manufacturing, a Taiwan-based supplier of magnetic components and power supply modules, is evaluating the feasibility of establishing a plant in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Construction firm Coteccons' shareholders advised to buy in when price falls
Leading Vietnamese construction firm Coteccons’ chairman Bolat Duisenov said the company's shareholders should place their trust in its long-term outlook and purchase more shares when prices fall.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Czech carmaker Skoda eyes Southeast Asia expansion via Vietnam plant
Vietnam is serving as a strategic gateway for Skoda Auto to the dynamic ASEAN markets and the larger Indo-Pacific region, the Czech carmaker said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sweden’s Autoliv expands to Vietnam to build $154 mln airbag cushion plant
Autoliv, Inc., a global leader in automotive safety systems, announced Thursday its plan to build a new state-of-the-art airbag cushion and fabric plant in Vietnam to serve Asia.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
German cleaning equipment maker Karcher builds plant in Vietnam
Karcher, a German cleaning equipment manufacturer best known for high-pressure cleaning products, has broken ground for a workshop to serve the construction of its $21.8 million Vietnam plant.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam firm breaks ground for country’s first green hydrogen plant
Clean energy company TGS started the construction of Vietnam's first green hydrogen factory on Thursday in the Mekong Delta province of Tra Vinh, with the total cost estimated at VND8 trillion ($341 million).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
EDP Renewables places 1.8 GW order for First Solar modules
Leading American solar module producer First Solar, which operates two manufacturing facilities in Vietnam, said on Thursday it has reached a multi-year order for 1.8 gigawatts of solar modules from EDP Renewables, the world’s fourth largest renewable energy producer.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Germany’s Magnetec launches production plant in Vietnam
Magnetec GmbH, a German provider of system solutions for the innovative sectors of automotive, energy, industry, and safety, opened its first factory in Vietnam on Wednesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
King Coffee, Tin Thanh Group build U.S. tire recycling plant
Vietnamese companies King Coffee and renewable energy developer Tin Thanh Group are kicking off a strategic business partnership in the U.S. by building a tire recycling factory in South Carolina.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast reschedules US electric car facility operation till 2025
Vietnam's carmaker VinFast is set to open its North Carolina electric vehicle and battery manufacturing complex in 2025 instead of 2024 as originally planned.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Binh Duong to support major investor Lego in project-related problems
Officials in Vietnam’s Binh Duong province, where Lego is building its first carbon-neutral factory with more than $1 billion in investment, have promised to help the Danish toymaker remove land-related obstacles and other issues for the project.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Growatt opens first solar inverter plant in Vietnam
Growatt, a world-leading provider of solar energy solutions, has inaugurated its first Vietnam plant, manufacturing solar and storage inverters, and storage batteries.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Senao Networks to build Vietnam plant with $30 mln
Senao Networks, a Taiwanese maker of data networking and telephony products, has said it wants to invest in a $30 million plant in Vietnam, part of its supply chain diversification strategy.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Electric vehicle heavyweight BYD to build car parts factory in Vietnam
Vietnam has proved its rising status as a manufacturing base for BYD, dubbed China’s Tesla, with the Chinese giant planning to build a car parts plant in the country for supply chain diversification.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sumitomo-invested 1.32 GW power plant to start operations next August
The 1.32 GW Van Phong 1 coal-fired power plant, invested by Japan’s Sumitomo Corporation, is set to begin commercial operations in August 2023.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
World’s largest fish feed maker opens second plant in Vietnam
Norwegian major Skretting, the world’s largest maker of feed for farmed fish, has inaugurated its second Vietnam factory with an annual capacity of 100,000 tons.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup, Gotion begin work on $275 mln Vietnam battery plant
Vingroup’s VinES Energy Solutions and China-based Gotion High-Tech started construction of their $275 million battery factory in Vietnam on Friday.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Carmaker Hyundai Thanh Cong opens new $129 mln Vietnam factory
Hyundai Thanh Cong, a joint venture between Korean carmaker Hyundai Motor and Vietnamese firm Thanh Cong Group, launched its second manufacturing facility in Vietnam on Tuesday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Filipino techglomerate plans major Mekong Delta animal feed factory
Pilmico International, international food subsidiary of Philippines-based Aboitiz Group, is set to launch a new large-scale animal feed facility in Vietnam next year to expand its local market presence.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US agri firm Alltech opens Vietnam's first trace minerals plant
U.S.-based Alltech, a global leader in the agriculture industry, launched its newest Bioplex plant Wednesday as the first organic mineral production facility in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nichirei to shift Japan seafood production to Vietnam
Nichirei Fresh, a fresh food processing subsidiary of Japanese food giant Nichirei, plans to transfer its salmon production in Japan to its Vietnamese plant.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Hong Kong firm builds $200 mln electronics plant in central Vietnam
Everwin Precision Hong Kong Co. Ltd. is set to start the construction of its $200 million electronic parts factory in Nghe An on Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
LS Electric Vietnam seeks to quadruple sales to $100 mln by 2030
Korean electric equipment maker LS Electric is expanding its manufacturing in Vietnam, looking to $100 million in annual sales from its subsidiary in the next eight years, four times higher than now.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firm Molex expands Vietnam facility with solar panel installation
Molex, a U.S. manufacturer of electronic, electrical and fiber optic connectivity systems, has expanded its manufacturing facility in Hanoi with solar panel installation.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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