90% of firms in Vietnam plan more investment inside ASEAN: HSBC survey
Up to 87% of businesses in Vietnam plan to invest more inside ASEAN, while 69% of them plan to do so outside the 10-nation bloc, according to an HSBC survey of financial decision-makers in the region’s six biggest economies.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Help Vietnamese firms join Japanese supply chain: PM
Prime Minister Pham Minh Chinh has called on the Japanese government to facilitate further participation of Vietnamese businesses in Japan’s global supply chain.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
‘Sky the limit’ for Vietnam industrial real estate: developer
Vietnam’s rapid growth and supply chair diversification efforts by MNCs are bringing ample development opportunities to the country’s industrial real estate industry, says Deep C Industrial Zones CEO Bruno Jaspaert.
Industrial real estate - 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
Strong economic, security ties with Vietnam a priority: US Treasury Secretary Yellen
It is a priority for the U.S. to deepen its economic and security ties with Vietnam in the months and years to come, said Treasury Secretary Janet Yellen while meeting with Prime Minister Pham Minh Chinh in Hanoi Thursday.
Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Catcher plans Vietnam plant
Apple supplier Catcher Technology, a world-leading chassis maker, is in the process of building a production plant in Vietnam as other Taiwanese companies shift production to the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Foxconn to begin production in central Vietnam next year
Foxconn has joined the trend of Apple suppliers expanding in Vietnam, an emerging manufacturing hub for the global electronics industry, with a new investment of $100 million in Nghe An province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Boeing seeks to boost supply chain in Vietnam
Boeing opened its new permanent Vietnam office in Hanoi on Friday as the aerospace giant embarks on its mission to turn the country into a major supplier for the global aerospace industry.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Overcoming supply chain woes could boost Vietnam economy by $1.9 bln: consultancy
Vietnamese businesses are potentially forfeiting an estimated $1.9 billion a year in sales due to global supply chain disruptions, according to business transformation consultancy TMX Global.
Economy - 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
Boeing urges telecom giant Viettel to become tier-1 supplier
Boeing has urged Viettel, Vietnam's biggest telecom business, to grow from a tier-3 to tier-1 supplier, in order to directly supply goods to the U.S. aviation giant.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Quanta Computer to establish $50 mln plant in Vietnam
Taiwan’s Quanta Computer, a world-leading contract laptop maker, has approved plans to set up a new factory in Vietnam for up to $50 million in its supply chain diversification.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Accton’s fresh Vietnam plant makes first export shipments
Taiwan-based electronics maker Accton Technology has boosted its revenue thanks to the first overseas shipments from its new plant in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam logistics sector continues to charm investors
Investment in Vietnam’s logistics sector is on the rise as investors seek to make further inroads into the market of 100 million people with a fast-growing middle class, and cash in on the country's status as an emerging global production hub.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore fintech startup TASConnect expands to Vietnam
TASConnect, a supply chain fintech platform incubated through Standard Chartered’s SC Ventures, has been present in Vietnam’s underserved supply chain finance market, forecasted to reach $35 billion by the end of next year.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Airbus eyes supply chain expansion in Vietnam
European aerospace giant Airbus is recommitting to expanding its supply chain in Vietnam as part of the company's ongoing efforts to optimize operations and better serve customers.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC lends $40 mln to Vietnam lender SHB, expects new $50 mln
World Bank investment arm IFC signed a $40 million loan for Saigon-Hanoi Bank (SHB) on Tuesday to help the lender expand financial access for small and medium enterprises, while seeking a $50 million financing package for the same purpose.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sunny Optical prepares new $2.5 bln investment in Vietnam
Sunny Optical Technology, a supplier to major smartphone brands worldwide, is poised to invest an additional $2.5 billion building a manufacturing complex in northern Vietnam, where the Chinese group has already invested $130 million in four operating plants.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial real estate, data center market hot spots in Vietnam: NAI Global
Multinationals’ supply chain diversification via a “China+1” strategy and developing data centers as an emerging support segment can be noted as current bright colors in Vietnam’s real estate industry. Tony Picon, Vietnam executive director for commercial real estate brokerage firm NAI Global, explains the trends to The Investor.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Koina rides Vietnamese wave of eco-friendly agriculture promotion: chairman
Koina, a data-driven farm-to-business agriculture technology start-up in Vietnam, is working to help improve the domestic supply chain as the government encourages green and sustainable agriculture. Koina co-founder and chairman Nguyen Tran Thi talks to The Investor about the platform’s journey.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial developers bullish on Vietnam
Industrial real estate developers in Vietnam are upbeat about the country’s new position as a global production base despite gloomy economic prospects worldwide.
Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firms interested in renewables, chips in Vietnam: consul general
American companies have a strong interest in renewable energy development in Vietnam thanks to the country’s carbon neutrality goal by 2050, as well as global supply chain diversification plans including investment in the semiconducting sector, the U.S. Consul General in Ho Chi Minh City said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam emerges as destination for global supply chain diversification
Singapore's leading supply chain and logistics company YCH and Vietnam's T&T Group are co-developing a multimodal logistics hub named Vietnam SuperPort in Vinh Phuc province near Hanoi. Chan Yoke Ping, CEO of T&Y SuperPort Vinh Phuc, gives The Investor her insights into the over $200 million project and the country's logistics development.
Executive Talk - 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
Vietnam aims for more in global battery supply chain
Battery manufacturing either in Vietnam or outside by Vietnamese firms signals that the country is seeking to catch up with the strong global demand for advanced batteries like those reliant on lithium.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam set to become new rare earths player
Vietnam has signaled its intentions to play a role in the global rare earths supply chain as a wider supply base worldwide means less dependence on China.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn considers building servers in Vietnam: industry report
Global technology manufacturer Foxconn, which is set to make Apple MacBooks in Vietnam for the first time from May 2023, is also studying the feasibility of producing servers in the Southeast Asian country, according to Digitimes Research.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Nike appreciates Vietnam’s economic resilience: executive
Nike Inc. chief operating officer Andy Campion has spoken highly of the Vietnamese economy’s bounciness under Prime Minister Pham Minh Chinh’s effective administration.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Northern Vietnam: An 'extended arm' of the global factory
Property consultancy Cushman & Wakefield explains why northern Vietnam is a key part of the global manufacturing and supply chain.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
US firms expected to help Vietnamese companies join supply chains: state president
Vietnamese President Nguyen Xuan Phuc suggested Thursday that U.S. firms assist Vietnamese enterprises in joining their manufacturing supply chains to help the country’s fast-growing economy better access global value chains.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Logistics firm Toll Group to gather pace in Vietnam, India, Indonesia with big bucks
Singaporean supply chain and logistics firm Toll Group plans to spend over $600 million over the next three years to expand its Asian business, keeping a keen eye on Vietnam, India and Indonesia, said its CEO Alan Beacham.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economy to expand over 6%: OECD
The Organization for Economic Cooperation and Development (OECD), a group of mainly high-income economies, forecasts Vietnam's growth will exceed 6% this year and the next thanks to its post-pandemic recovery amid global recessions.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Air freight to prompt foreign production shift to Vietnam: aviation executive
Major foreign-invested enterprises will move their original equipment manufacturing (OEM) facilities to Vietnam if air freight is operational in the country, said Le Hong Thuy Tien, CEO of IPP Air Cargo.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail eyes mall investment in Binh Thuan
Thailand's Central Retail is seeking opportunities to build malls and supermarkets in Binh Thuan province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thai giant Central Retail plans mall in Dong Thap
Thailand's Central Retail plans to build a mall in Dong Thap, an agriculture hub in the Mekong Delta, its CEO Olivier Langlet said at a meeting with provincial leaders on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
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Vietnam gov’t irons out incentives for rooftop solar development
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Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
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Vietnam deposit interest rates pick up after year in hibernation
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam