The Malaysian Ministry of Energy Transition and Public Utilities, through the Sustainable Energy Development Authority (Seda), has granted approval for the implementation of 22 renewable energy (RE) projects focused on biogas and biomass, boasting a collective...
Distributors of luxury brands in Vietnam, including Louis Vuitton, Chanel, Dior, and Hermes, reported profits of VND 3.8 trillion (USD 156.57 million) in 2022, marking a remarkable 270% increase compared to the previous year. Recent reports also indicate that the...
German tire brand Schwalbe recently announced the decision to centralize all tire and tube manufacturing operations in Vietnam in response to the tense conditions in the bicycle industry. Instead of being able to rely on long-term commitments, orders are now almost...
The South Korean government recently announced the establishment of a corporate entity in Vietnam, named K-UPA, with the aim of establishing a logistics center in the Southeast Asian nation to support small and medium-sized enterprises (SMEs). The launch of K-UPA is...
Vietnam has entered the race in Asia to develop generative artificial intelligence (AI) programs tailored to local languages and cultures, aiming to reduce reliance on services provided by US tech companies. Vingroup, a Vietnamese conglomerate, garnered significant...
In January 2024, the 3D Technology in Medicine Center (3D Lab) of VinUniversity, a private university in Vietnam, signed a Memorandum of Understanding (MoU) with CustoMED – Sheba Medical Center, from Israel. This milestone marks a significant advancement in the...
Manufacturers and importers of tires, inner tubes, batteries, motor oil, and paper and board packaging are now obligated to recycle a portion of these products under new regulations recently entered into force in Vietnam. According to the Director General of the...
Currently, Vietnam lacks operational gas-to-power plants, but the country has plans to have four such facilities with a combined capacity of 6,634 MW operational by 2030. In a report addressed to the Prime Minister by the Ministry of Industry and Trade regarding...
A senior US official announced in January 2024 that fifteen American companies, including semiconductor firms, are interested in investing USD 8 billion in Vietnam’s clean energy infrastructure. This investment is contingent on the country’s advancement in...
According to local authorities, KP Aero, a South Korean aviation industry supplier producing components for Boeing aircraft, plans to invest USD 20 million in establishing a factory in central city of Danang. This move is anticipated to contribute to the expansion of...
In January 2024, Nestlé Vietnam announced a USD 100 million investment to increase production capacity at its Tri An coffee factory, located in the southern province of Dong Nai. This will help the company meet growing local and international consumer demand for...
VinGroup, Vietnam’s largest conglomerate with interests spanning technology, industrial sectors, real estate development, retail, healthcare, and hospitality, has shown keen interest in establishing an EV battery manufacturing facility in the Philippines. Its...
