Manufacturing

He said Vietnam has done especially well in signing several important bilateral trade agreements (FTAs) that will increase its global integration and extend this advantage to foreign investors. Vietnam’s middle class is also growing, making the domestic market attractive for foreign goods, he added. Sembcorp is jointly operating the VSIP brand of integrated townships and industrial parks across the country, with nine VSIP projects across the southern, central and northern economic zones of Vietnam, including two VSIP expansions in Binh Duong and Bac Ninh provinces, Kelvin Teo said. Photo: havimec.com. The increase in FDI from the manufacturing sector has led to higher occupancy levels at the VSIPs; hence, the company has expanded in Binh Duong and Bac Ninh provinces, he told VNA, adding his company is in the process of reviewing master plans for approval before launching. “We are exploring a new industrial park design which is more sustainable in the form … [Read more...] about Sembcorp Development CEO talks about investment environment in Vietnam

The VHT will focus on defense industry and electronics and communications industry. Delegates addressing the event Addressing the ceremony, Major General Le Dang Dung, Acting Chairman cum General Director of Viettel Group affirmed Viettel’s target to be in the top 10 biggest telecommunications and information technology businesses in the world by 2030. He affirmed that the formation of the corporation continued the fourth development phase of the military business to realize the goal to become a high-tech group with three key sectors, including the defense industry, the telecommunications industry and network security. It also helps the group to become a leading business in the “Make in Vietnam” process and to bring its products to international markets. Viettel’s research and manufacture sector has completed its three development phases. The first one from 2011 to 2013 focused on researching, taking shape and piloting manufacturing products. In … [Read more...] about Viettel launches its hi-tech industries corporation

The company’s APEC jade cup was chosen as the gift to APEC leaders while its Hoang Lien tableware set was selected to serve at the State banquet of APEC Vietnam 2017. The Minh Long tableware set serves at the State banquet of APEC Vietnam 2017 More than 40 sets of hi-end ceramic products by Minh Long were also displayed at the APEC International Media Centre and an exhibition entitled "Vietnam – We Mean Business” at the Ariyana Danang Exhibition & Convention Centre during the APEC Economic Leaders’ Week in the central city of Da Nang. The Minh Long jade cup is chosen as the gift to the APEC leaders The products have diverse designs and sophisticated patterns bearing the unique features of Minh Long ceramics, drawing the attention of APEC delegates and reporters. Reporters visit Minh Long booth in the International Media Centre Gleb Zoubov, Director of Alpha Pacific Group, a Russian delegate to the Vietnam Business Summit … [Read more...] about Minh Long – pride of Vietnamese ceramics at APEC 2017

Japan's Nidec Group has just received the investment certificate for the Nidec Techno Motor Vietnam project in Hoa Lac Hi-Tech Park to develop and produce brushless electric DC motors with the total investment of $200 million. Nidec Group plans to invest in five projects with the total investment of around $1 billion in Hoa Lac Hi-Tech Park. Nidec Techno Motor Vietnam is the first of these projects to be granted a certificate. These projects will create tens of thousands of jobs and boost export turnover, contributing to the development of the support industry and socioeconomic development of Hanoi city. Nidec was established in 1973 and is one of the leading global hi-tech companies on motor manufacturing, while Nidec Techno Motor specialises in air conditioner motors and industrial motors, and now has a leading share of the global market for brushless DC motors used in air conditioners. In Vietnam, Nidec is also a key investor in Ho Chi Minh City Hi-Tech Park with five factories and … [Read more...] about Nidec Group to pour $200 million into Hoa Lac Hi-Tech Park

A majority of firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO). More than 47.3 percent of surveyed firms said that they anticipated better business compared to the last quarter of 2018, and 37.8 percent expected stable business. Only 14.9 per cent anticipated their business and operation would be more difficult. The inventory of the manufacturing and processing industry sits at 64.4 percent, the lowest rMushrooms being processed at Thanh Cao Kinoko Import Export Company Limited. A majority of firms were optimistic about their business heading into the first quarter of 2019. - VNA/VNS Photo Vũ Sinh Another survey of construction firms showed 59.6 percent predicted improved or stable business in the first quarter of 2019 while the rest expected more difficulties. According to the Vietnam Chamber of Commerce and Industry, … [Read more...] about Firms optimistic about business in Q1 2019