Samsung-Apple supplier Goertek to run $280 mln project in northern Vietnam next quarter
Goertek Electronics Vietnam Co., Ltd., a major supplier to Samsung and Apple, plans to start operating a $280 million investment project in the northern province of Bac Ninh next quarter.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
US chip tool maker Lam Research eyes $1-2 billion investment in Vietnam
California-based chip manufacturing equipment supplier Lam Research has plans to partner with Korea’s Seojin Company to develop factories and establish a supply chain with an investment of $1-2 billion in the first phase as it seeks to expand in Asia.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam builder PC1 to expand industrial park portfolio amid rising FDI
PC1 Group Joint Stock Company, listed on the Ho Chi Minh Stock Exchange as PC1, has plans to expand its industrial park (IP) portfolio by 1,500-3,000 hectares by 2030 as foreign investment in Vietnam continues to rise.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Electro-Mechanics, Samsung SDI post Vietnam revenue of $2.4 bln in 2023
Samsung Electro-Mechanics (SEM) - the semiconductor and camera module arm of South Korea chaebol Samsung, and Samsung SDI - the battery arm of Samsung, earned combined revenue of $2.36 billion in Vietnam in 2023, according to their separate financial statements.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung to pour $1 bln annually into Vietnam: CEO
Samsung, already the largest foreign investor in Vietnam, plans to invest an additional $1 billion in the Southeast Asian country annually, said Choi Joo Ho, CEO of the firm's Vietnam operations.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung Vietnam targets 10% export revenue growth with AI-powered phones
Samsung Vietnam is targeting a 10% growth in export revenues this year, with its new product - artificial intelligence (AI)-powered phones - positively welcomed in the world, says CEO Choi Joo Ho.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung’s Vietnam subsidiaries post 2-digit drop in sales, profit
Four Vietnamese subsidiaries of South Korean giant Samsung Electronics reported revenues of KRW81,146.7 billion ($60.83 billion) in 2023, down 11.83% year-on-year; and after-tax profits of KRW5,263.1 billion ($3.95 billion), down 13.09%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung, Vietnam National University link up on semiconductor training
South Korean giant Samsung Electronics and the University of Engineering and Technology, under Vietnam National University Hanoi (VNU Hanoi), will cooperate on a masters course for semiconductor and chip training.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung invests $1.2 bln in Vietnam in 2023, to focus on innovation, training
Samsung invested $1.2 billion in Vietnam in 2023 as part of its continuous commitments to the country, said Samsung Vietnam CEO Choi Joo Ho.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
HSBC sees ‘manageable’ impact of Global Minimum Tax in Vietnam
While the details of the Global Minimum Tax (GMT) are still being finalized, its impact on Vietnam’s inward foreign direct investment (FDI) should be manageable, HSBC said in a monthly report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Opportunities outnumber challenges, Vietnam set for FDI surge: Dragon Capital
With more opportunities than challenges, Vietnam is expected to receive increased direct and indirect foreign investment this year, said Dang Nguyet Minh, head researcher at leading investment firm Dragon Capital.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sales of Samsung Vietnam subsidiaries falls, profits grow in Jan-Sep
Samsung's four subsidiaries in Vietnam made a total profit of KRW5,474.2 billion ($4.15 billion) in the first nine months of 2023, up 8.3% year-on-year, according to the South Korean giant's interim business report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung partner QTech plans $430 mln investment in central Vietnam
QTech, a camera maker based in Hong Kong plans to invest $430 million in Nghe An province, a delegation from the firm told local authorities at a Monday meeting.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung supplier Synopex fined $9,500 for environmental violations
The northern province of Bac Ninh has fined wholly Korean-invested Synopex VND230 million ($9,500) for environmental violations.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung urges Vietnam to find global minimum tax solutions
The government and legislature of Vietnam should check and issue solutions related to the global minimum tax (GMT), Samsung Electronics president and CFO Hark Kyu Park has said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Netherlands’s BE Semiconductor Industries to invest $5 mln in HCMC
BE Semiconductor Industries (Besi) of the Netherlands has been granted an investment certificate to invest $4.9 million in Ho Chi Minh City during a visit by Dutch Prime Minister Mark Rutte.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung to remain top foreign investor in Vietnam over next 3 decades: CFO
Samsung Group will continue to invest in Vietnam to retain its largest foreign investor status in the country over the next two to three decades, said chief financial officer of the Korean chaebol Park Hark Kyu.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Rising land prices in northern Vietnam pose concern to investors: Savills
A substantial increase in land prices in Vietnam’s Northern Economic Zone (NEZ) could unnerve investors who seek to set up manufacturing facitiies here, real estate services firm Savills Vietnam said in its latest note.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
Tech giants showcase advances at Vietnam’s biggest-ever innovation expo
The ongoing Vietnam International Innovation Expo (VIIE) 2023, the biggest-ever event of its kind in the country, is drawing the participation of multiple domestic and international technology companies.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam opens new National Innovation Center facility, chip design center
Vietnam has inaugurated a new facility of the National Innovation Center (NIC) and a chip design center as the country seeks to stimulate the startup ecosystem and deepen its participation in the global semiconductor supply chain.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam should shift to semiconductor design: US expert
Vietnam already has experience in the semiconductor sector such as assembling chips, so the country should move on to designing chips, a task with high potential, said John Neuffer, president and CEO of the U.S. Semiconductor Industry Association (SIA).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam collects less corporate income tax in 2022 from top 1,000 firms
Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Honda, Unilever, Heineken top foreign taypayers in Vietnam
Automaker Honda remained the biggest foreign taxpayer in Vietnam in 2022, according to the General Department of Taxation’s latest list of the top 1,000 contributors of corporate income tax (CIT).
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam beneficiary as global semiconductor supply chain shifts: HSBC exec
Vietnam and Malaysia are major Southeast Asian beneficiaries of semiconductor industry investments and this will benefit other industries as well, said Frederic Neumann, chief Asia economist of HSBC.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam semiconductor magnet attracts billions in foreign investments
Vietnam has been attracting foreign investments worth billions of dollars into the semiconductor sector, with South Korea’s Hana Micron the latest investor.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung helps apply smart factory model in central Vietnam
South Korean electronic giant Samsung will help apply the smart factory model in the central region, starting with Danang city, following its successful deployment in the northern and southern regions.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam still a magnet for quality FDI: HSBC
Vietnam continues to be on the frontline of absorbing quality foreign direct investment (FDI) despite severe trade challenges, a new HSBC report says.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sales, profits of Samsung Vietnam subsidiaries fall in H1
Samsung's four subsidiaries in Vietnam made a total profit of KRW2,999 billion ($2.26 billion) in the first half of this year, down 11.2% year-on-year, according to the South Korean tech giant's interim business report.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Plunge in Vietnam’s exports bottoms out
VinaCapital’s chief economist Michael Kokalari notes that Vietnam’s exports are set to recover in this year’s fourth quarter, driven primarily by a bottoming out of the U.S. inventory cycle. This rebound is likely to help lift Vietnam’s GDP.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major Taiwan electronics makers charmed by Vietnam
Leading Taiwan-based electronics manufacturers, in their efforts to diversify supply chains, have constantly found Vietnam as a destination to open new factories or expand production.
Industries - 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
Wistron to pour additional $24.5 mln into Vietnam
Apple supplier Wistron’s board of directors (BOD) has approved a proposal to inject an additional $24.5 million into its new manufacturing subsidiary in Vietnam in line with the electronics maker’s business expansion and strategic planning.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Amkor Technology's Vietnam semiconductor packaging factory to begin operations in October
The first Vietnam factory of U.S.-based Amkor Technology Inc., a global semiconductor product packaging and test services provider, is set to begin operations this October in Bac Ninh province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung vendor to build new factory in northern Vietnam
SR Tech, a Samsung vendor, plans to build a four-hectare factory in the northern province of Thai Nguyen, a senior executive said Friday.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nippon Express ramps up expansion in Vietnam
Nippon Express (Vietnam) Co. will continue to expand its services to meet the diversifying logistics needs of customers in the rapidly growing Vietnamese market, its parent company Nippon Express Holdings said.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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