Sharp seeks new large-scale plant in Binh Duong
Sharp Corporation is gauging possibilities to build a new large-scale facility in Binh Duong province as part of the Japanese electronics giant’s production shift from China to Vietnam.
A Sharp TV. Photo courtesy of Sharp Hanoi Customer Service Center.
Sharp is operating two factories in the southern industrial province, located in the Vietnam-Singapore Industrial Park (VSIP) I and VSIP II, both developed by VSIP Ltd., a joint venture between Singapore’s Sembcorp Industries and Binh Duong-based Becamex, a leading Vietnamese developer of industrial and urban real estate.
Sharp Corp’s senior managing executive officer Yoshihiro Hashimoto, during his meeting with the provincial administration Saturday, said the giant was seeking investment opportunities in southern Vietnam in its plans for a production shift from China to disperse risks and diversify markets.
The new large-scale facility would produce electronics, high-tech components, smartphones, household appliances, as well as health products, he said.
Hashimoto asked provincial authorities for support in recommending a proper plant site, labor supply and to provide full road connectivity for the project. Sharp also wants to enjoy provincial incentives in terms of tax and construction costs. He said the company would soon submit the documents needed to apply for a high-tech products certificate for the project.
Binh Duong’s Standing Vice Chairman Mai Hung Dung told Hashimoto the provincial government would firstly support Sharp in achieving the high-tech products certificate.
Dung added the province has established 29 industrial parks with a total planning area of 12,663 hectares.
Sharp Corp in 2016 became a subsidiary of Hon Hai, better known as Foxconn - the world’s biggest electronics contract manufacturer and largest iPhone supplier. Foxconn currently employs about 60,000 workers in Vietnam, and will “substantially” increase the number in the next one to two years, Young Liu, CEO and chair of Foxconn, said this month, without adding specifics.
As a key assembly partner for Apple, Foxconn has been producing electronics in Vietnam for years. The Taiwanese corporation made its foray into Vietnam in 2007 and had invested $1.5 billion as of December 2020. In January last year, it injected another $270 million to expand its laptop and tablet assembly capacity in the country.
Vietnam is also home to production facilities operated by other Apple suppliers like Goertek Inc., Pegatron, Luxshare, and Wistron. Earlier this July, Japan’s Panasonic announced it would accelerate the expansion of its electrical construction materials business in Vietnam to up sales by approximately 3.5 times over the next decade, equivalent to a $365 million increase.
Panasonic said it would respond to growing demand on the housing and construction market in Vietnam based on its three main strategies of building a local product development system, strengthening local production capacity of wiring and indoor air quality devices, and proposing solutions across product categories through co-creation with local companies.
- Read More
Indonesia resumes int’l carbon trading after 4-year hiatus
Indonesian President Prabowo Subianto has issued a new decree to restart international carbon emissions trading after a four-year hiatus.
Southeast Asia - Thu, October 16, 2025 | 9:23 pm GMT+7
Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles
Investors of a $2.56 billion LNG-fired power plant in Hung Yen province have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.
Energy - Thu, October 16, 2025 | 9:04 pm GMT+7
Vietnam to soon raise taxpayers' personal deduction: official
The personal income tax deduction in Vietnam is "very likely" to increase to VND21.7 million ($823,940) per month, including VND15.5 million (588,530) for the taxpayer and VND6.2 million ($235,410) for each dependent.
Finance - Thu, October 16, 2025 | 6:25 pm GMT+7
Business confidence climbs as reforms gain traction amid global headwinds: EuroCham Vietnam
The index climbed to 66.5, surpassing pre-tariffs level and reaching its highest in three years – showcasing resilience and adaptability amid global headwinds and evolving U.S. tariff pressures.
Economy - Thu, October 16, 2025 | 4:36 pm GMT+7
Vietnam's stock market watchdog suspends two Grant Thornton auditors
Vietnam's State Securities Commission (SSC) has suspended two auditors from Grant Thornton Vietnam after determining that the 2024 audited financial statements of Saigon Water Infrastructure Corporation (HoSE: SII) failed to meet required standards.
Finance - Thu, October 16, 2025 | 3:35 pm GMT+7
Law No. 56 a major policy breakthrough for Vietnam's stock market development
The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.
Finance - Thu, October 16, 2025 | 2:30 pm GMT+7
WHA Group breaks ground on smart technology industrial zone in central Vietnam
Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.
Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7
Vietnam a key partner in Murphy Oil’s global strategy: exec
Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.
Companies - Thu, October 16, 2025 | 12:06 pm GMT+7
VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center
State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.
Companies - Thu, October 16, 2025 | 8:41 am GMT+7
Indonesia enjoys steady growth in nine months
Indonesia's Ministry of Finance on Tuesday announced the country’s 2025 budget performance as of September, reporting that Southeast Asia’s largest economy continued to post steady growth despite global economic uncertainties.
Southeast Asia - Wed, October 15, 2025 | 9:53 pm GMT+7
Malaysia on progressive path towards AI nation status: experts
Malaysia is on a progressive track towards becoming an Artificial Intelligence (AI) nation by 2030, a goal seen as achievable under Budget 2026 - the Malaysian Government’s fiscal and policy framework for 2026.
Southeast Asia - Wed, October 15, 2025 | 9:44 pm GMT+7
Thailand steps up development of semiconductor industry
Thailand’s Board of Investment (BOI) plans to propose a new national semiconductor and advanced electronics policy board to the government, which will spearhead Thailand’s semiconductor development strategy.
Southeast Asia - Wed, October 15, 2025 | 9:40 pm GMT+7
ASEAN sets ambitious energy targets
Senior energy officials from ASEAN member nations and Timor-Leste on Tuesday convened in Kuala Lumpur, Malaysia, to finalize key outcomes and policy recommendations to be submitted to the 43rd ASEAN Ministers on Energy Meeting (AMEM).
Southeast Asia - Wed, October 15, 2025 | 9:33 pm GMT+7
Sun Group gets nod for $375 mln inland waterway tourism project in central Vietnam
A subsidiary of Sun Group, one of Vietnam’s leading real estate developers, has received approval to invest VND9.88 trillion ($375 million) in an inland waterway tourism project in the central coastal city of Danang.
Industries - Wed, October 15, 2025 | 5:21 pm GMT+7
Vietnamese luxury car dealer Haxaco’s business slumps, stock nears two-year low
The operations of Hang Xanh Automobile Service JSC or Haxaco (HoSE: HAX), known as the largest distributor of Mercedes-Benz vehicles in Vietnam, are under pressure as consumers tighten spending and competition among car brands intensifies.
Companies - Wed, October 15, 2025 | 5:13 pm GMT+7
Vietnam sets 2026 GDP growth target at 10%
The Vietnamese Government has set the targets for economic expansion in 2026 at about 10% and inflation at 4.5%.
Economy - Wed, October 15, 2025 | 4:28 pm GMT+7



















