Foxconn will manufacture and outsource tablets and laptops at this factory, with a scale of more than 8 million items per year. The project with a total investment of US$270 million is expected to come into operation in the third quarter of 2022. According to the Ministry of Planning and Investment, this $270-million project is just the beginning of the following equally impressive plans of Foxconn. By December last year, Foxconn had invested in Vietnam US$1.5 billion. This year, the company plans to add $700 million and recruits 10,000 new workers. On the same day, the People's Committee of Bac Giang Province also granted investment registration certificates to three other projects. They were the project of Ja Solar PV Vietnam photovoltaic cell technology of Hong Kong’s investor Ja Solar Investment Limited, Risesun New Material Vietnam Factory project, and Kodi New Material Vietnam Factory project of Singapore’s Risesun Investment Pte. Ltd. The total investment capital of … [Read more...] about Vietnam needs high-quality human resources to keep giant investors
Capital project
Da Nang’s administrative reform efforts pay off
Da Nang (VNA) - Administrative reform outcomes in the central city of Da Nang have helped the city secure foreign investors’ confidence, contributing to attracting more FDI in the locality. According to the municipal Department of Home Affairs, Da Nang has simplified more than 300 administrative procedures over the past 10 years while implementing 15 projects linking procedures in different sectors and shortening the time for responding to administrative requests by 20 percent in many areas. Thanks to this success, the city has enjoyed fruitful results in FDI attraction. Most recently, authorities granted an investment licence to a semiconductor manufacturing project worth 110 million USD - the second largest foreign-invested project at the Da Nang Hi-tech Park. Called United States Enterprises, the factory will cover a total area of 102,200 sq. m, with the first stage covering more than 61,000 sq. m and costing 66 million USD. Construction is scheduled to commence in the … [Read more...] about Da Nang’s administrative reform efforts pay off
Yen Bai Province encourages investment in agricultural processing
Over the past five years, the provincial Department of Industry and Trade supported construction of five technical demonstration models using new techniques and technologies, 129 rural industrial establishments in transferring technology and applying advanced machines, scientific and technical advances to production. It also encouraged mechanization in craft production in order to increase productivity and product quality. In addition, the department also encouraged industrial establishments to not only invest in processing agricultural and forest products, but also produce, process and repair agricultural machinery, and produce consumer and export goods. … [Read more...] about Yen Bai Province encourages investment in agricultural processing
Central Vietnamese province to build first airport this year
The airport is supposed to cover 316 hectares, including 87 hectares for civil aviation purposes, a military aviation area of 51 hectares, and an area of more than 177 hectares for mixed use, in Gio Quang Commune, Gio Linh District, about 7km from the provincial capital city of Dong Ha. … [Read more...] about Central Vietnamese province to build first airport this year
A quarter of HCMC at risk of being flooded in late 21st century
In the 2026-2030 period, the city will enhance predictions about flooded areas to take the initiative in responding to climate change, invest in upgrading the drainage system and waterway tourism projects and build wastewater treatment plants in the north, west and south of the city. … [Read more...] about A quarter of HCMC at risk of being flooded in late 21st century
