US semiconductor firm Kine SIC Semi eyes $200 mln investment in northern Vietnam

US semiconductor firm Kine SIC Semi eyes $200 mln investment in northern Vietnam

Kine SIC Semi, a U.S.-based semiconductor business, plans to invest $200 million in building a factory with an initial size of 7,500 square meters in Vietnam’s northen province of Bac Ninh, the firm said to the provincial authorities on Wednesday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Singapore to acquire eight F-35A fighter jets from US

Singapore to acquire eight F-35A fighter jets from US

The Republic of Singapore Air Force (RSAF) will acquire eight F-35A fighter aircraft, complementing the previously announced purchase of 12 F-35Bs, Defence Minister Ng Eng Hen said on Wednesday.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES earns 2023 revenue of $344 mln in Vietnam, plans to sell power plant by mid 2025

AES earns 2023 revenue of $344 mln in Vietnam, plans to sell power plant by mid 2025

AES Corporation earned a revenue of $344 million from its operations in Vietnam in 2023, according to the American energy company’s year performance review.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast's 2023 vehicle sales up 111% to $1.1 bln

VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, earned $1,096.9 million from vehicle sales in 2023, up 111.3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Honeywell, local firm to cooperate in Vietnam’s first green hydrogen plant

Honeywell, local firm to cooperate in Vietnam’s first green hydrogen plant

Honeywell, a U.S. multi-sector conglomerate, will cooperate with Ho Chi Minh City-based The Green Solutions in implementing the Tra Vinh Green Hydrogen plant, the first such facility in Vietnam.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam shrimp exports to US face fresh challenges

Vietnam shrimp exports to US face fresh challenges

Red Sea tensions and a U.S. request to impose anti-dumping and anti-subsidy duties on frozen shrimp imports from Vietnam will create obstacles for the industry in 2024.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam rare earth production halved to 600 tons: US Geological Survey

Vietnam rare earth production halved to 600 tons: US Geological Survey

Vietnam’s 2023 rare earth production, estimated at 600 tons, was down 50% from 2022, according to the U.S. Geological Survey’s Mineral Commodity Summaries 2024 report.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bernie Sanders, 7 other US senators warn against giving market economy status to Vietnam

Bernie Sanders, 7 other US senators warn against giving market economy status to Vietnam

Bernie Sanders and seven other U.S. senators have warned against granting the market economy status to Vietnam as they claimed Vietnam “does not meet the legal requirements established by Congress,” in a joint letter sent to U.S. Secretary of Commerce Gina Raimondo.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Chipmaker Amkor Technology targets mass production in Vietnam this year

Chipmaker Amkor Technology targets mass production in Vietnam this year

The U.S.-headquartered Amkor Technology Inc. churned out the first products from its factory in Vietnam’s Bac Ninh province in December 2023 and expects to start mass production in 2024, said Kim Sung Hun, CEO of Amkor Technology Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ford lauded for $208 mln Vietnam investment, urged to do more

Ford lauded for $208 mln Vietnam investment, urged to do more

Vietnamese Vice President Vo Thi Anh Xuan has lauded Ford for investing $208 million in Vietnam and employing over 5,000 staff and urged the U.S. automobile giant to do more.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

US willing to help Vietnam’s Danang city join semiconductor supply chain

US willing to help Vietnam’s Danang city join semiconductor supply chain

The U.S. is willing to help Vietnam in general and the central city of Danang in particular to develop its semiconductor sector and further integrate into the global supply chain, said U.S. Ambassador to Vietnam Marc Knapper.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Citi Vietnam executive elected AmCham HCMC chair for 2024

Citi Vietnam executive elected AmCham HCMC chair for 2024

Ramachandran A.S. (RamC), Citi's country officer for Vietnam, has been elected chairman of the American Chamber of Commerce (AmCham) Ho Chi Minh City for 2024.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Water solutions firm Ecolab opens new plant in southern Vietnam

Water solutions firm Ecolab opens new plant in southern Vietnam

Ecolab, a U.S.-headquartered firm that provides water, hygiene and infection prevention solutions and services, inaugurated a manufacturing plant in the southern province of Dong Nai on Thursday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

US denies 1,197 shipments from Vietnam due to Uyghur Forced Labor Prevention Act

US denies 1,197 shipments from Vietnam due to Uyghur Forced Labor Prevention Act

The U.S. has denied 1,197 shipments worth $220.3 million from Vietnam from June 2022 to November 2023 due to the Uyghur Forced Labor Prevention Act (UFLPA), according to the U.S. Customs and Border Protection (CBP).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US commerce department investigates price dumping on Vietnam paper bags

US commerce department investigates price dumping on Vietnam paper bags

Paper shopping bags exported from Vietnam to the U.S. showed signs of being sold at less than their fair value, according to preliminary results announced by the International Trade Administration under the U.S. Department of Commerce.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam holds its own in challenging 2023 with more highs than lows

Vietnam holds its own in challenging 2023 with more highs than lows

Vietnam showcased impressive resilience in the face of numerous challenges faced in 2023, recording several economic and diplomatic highs and some lows. The Investor looks back.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam welcomes 12.6 mln foreign visitors, S Korea tops source markets

Vietnam welcomes 12.6 mln foreign visitors, S Korea tops source markets

Vietnam welcomed 1.4 million foreign visitors in December, and 12.6 million in all of 2023, up 93.9% and 240% year-on-year, respectively, the General Statistics Office reported Friday.

A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam carmaker VinFast to get $500 mln loan from US development institution

Vietnam carmaker VinFast to get $500 mln loan from US development institution

Vietnamese electric vehicle maker VinFast and the U.S. International Development Financial Corporation (DFC) have signed a letter of interest (LoI) to consider a formal application by VinFast for a $500 million loan to establish a lithium-ion battery manufacturing facility in Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

AES sells 51% of thermal power plant in Vietnam

AES sells 51% of thermal power plant in Vietnam

American energy company AES Corporation has reached an agreement to sell its 51% equity stake in Mong Duong 2 coal-fired power plant in Vietnam to the Czech Republic-based Se.ven Global Investments, the two sides announced on Thursday.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Automaker VinFast not subject to lawsuits in US: executive

Automaker VinFast not subject to lawsuits in US: executive

Electric vehicle (EV) maker VinFast under Vietnamese private conglomerate Vingroup is not currently subject to any lawsuits in the U.S., said Ho Ngoc Lam, head of Vingroup's legal board and deputy CEO in charge of legal issues at VinFast.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

US chip firm Synopsys, Danang city to cooperate in workforce training

US chip firm Synopsys, Danang city to cooperate in workforce training

Synopsys, a leading chip business based in California, and the authorities of Vietnam’s central city of Danang, have signed a memorandum of understanding (MoU) on workforce training for the semiconductor industry.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Widen investment, role in Vietnam, President tells Apple, Boeing

Widen investment, role in Vietnam, President tells Apple, Boeing

Vietnamese President Vo Van Thuong has asked U.S.-based tech giants Apple and Boeing to make greater investments and step up their roles in Vietnam.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Trade ministry tasked with leading Vietnam negotiations for market economy status

Trade ministry tasked with leading Vietnam negotiations for market economy status

The Ministry of Industry and Trade has been asked to establish a working group for cooperating with the U.S. to have Vietnam achieve "market economy" status.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US processing Vietnam request for market economy status review

US processing Vietnam request for market economy status review

The U.S. Department of Commerce (DOC) is processing Vietnam’s request that its non-market economy status be reviewed.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

LG’s Vietnam factories record higher revenues, lower profits in H1

LG’s Vietnam factories record higher revenues, lower profits in H1

Vietnamese subsidiaries of LG Electronics reported higher sales revenues but lower post-tax profits in the first half of this year, according to the South Korean giant’s financial statements.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Vietnam province vows to meet semiconductor firms’ energy needs

Central Vietnam province vows to meet semiconductor firms’ energy needs

Nghe An will fulfil the energy demand of semiconductor businesses from the U.S., the central province's Chairman Nguyen Duc Trung pledged Thursday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Nghe An province invites US investments in semiconductor, electronics

Nghe An province invites US investments in semiconductor, electronics

Nghe An, Vietnam's largest province, has called on American businesses to invest in the prioritized industries of semiconductors, electronics, manufacturing, materials and banking-finance.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Intel calls off investment expansion plan in Vietnam: Reuters

Intel calls off investment expansion plan in Vietnam: Reuters

Intel has called off its planned investment expansion in Vietnam, which would have doubled the tech giant’s operations in the country, Reuters reported.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Murphy Oil targets 2026 first oil from Vietnam’s Lac Da Vang oilfield

Murphy Oil targets 2026 first oil from Vietnam’s Lac Da Vang oilfield

The U.S.-headquartered Murphy Oil Corporation expects to achieve first oil at the Lac Da Vang field off the southern coast of Vietnam in 2026.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

US holds potential to become top 10 investor in Vietnam: Deputy PM

US holds potential to become top 10 investor in Vietnam: Deputy PM

Vietnam and the U.S. should collaborate to make the global superpower one of the top 10 foreign investors in the Southeast Asian nation, Deputy Prime Minister Tran Luu Quang said at the U.S.-Vietnam Business Summit 2023 on Tuesday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam should shift to semiconductor design: US expert

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

South Korea, U.S. join hands for Vietnam rare earth research

South Korea, U.S. join hands for Vietnam rare earth research

South Korea’s Ministry of Foreign Affairs and the U.S. Department of State have launched a joint scientific research project in Vietnam for extracting rare earth elements.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Hotel giant Marriott signs deals to open 3 new resorts in Vietnam

Hotel giant Marriott signs deals to open 3 new resorts in Vietnam

Marriott International, Inc. has signed agreements to open three new resorts in Vietnam in a move to expand its luxury portfolio, the U.S. hotel operator said on Thursday.

Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

US restricts China’s access to some NVIDIA chips, Vietnam consequently impacted

US restricts China’s access to some NVIDIA chips, Vietnam consequently impacted

In a move to further restrict China’s access to critical technologies, the U.S. has imposed additional licensing requirements for exports of Nvidia chips to some countries, including Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

Automaker VinFast enters $1 bln standby equity subscription agreement with Yorkville Advisors

VinFast, the electric vehicle (EV) maker under Vietnamese private conglomerate Vingroup, has entered a standby equity subscription agreement with Yorkville Advisors, a global investment fund manager.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7