Vietnam business forum 2021

As such, Hanwha, the seventh largest economic group in South Korea, has taken steps to scale up its business in Vietnam. After pouring money into insurance and investment, the big player from South Korea has jumped into the field of securities with the stronger presence in Pinetree Securities. … [Read more...] about South Korean investors pour big money into Vietnam

Signatories to this document were: the Dutch Ministry of Agriculture, Nature and Food Quality; the Top Sector (Water, Logistics, Agro Food, Horticulture & Starting Materials); and the Vietnam Chamber of Commerce & Industry Branch in Can Tho City (VCCI Can Tho). … [Read more...] about Vietnam, Netherlands target sustainable agri-business development

HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam

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

Hanoi (VNA) – Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China, in a sign that the tech giant is continuing to accelerate its production diversification, reported Nikkei Asia. It quoted its sources as saying that iPad production will begin in Vietnam as early as the middle of this year, marking the first time that the world's biggest tablet maker will build a significant number of the devices outside of China. The tech giant is also stepping up iPhone production in India, its second-largest production base for the iconic device, sources added, with plans to start producing the latest iPhone 12 series, the company's first 5G smartphones, in the South Asian nation in this quarter. Apple is also increasing production capacity for smart speakers, earphones and computers in Southeast Asia as part of its ongoing diversification strategy, the newspaper added. In Vietnam, Apple is mobilising suppliers to expand production capacity for … [Read more...] about Apple bolsters production shift to Vietnam, India