Flagship Stores Booming in Vietnam

Flagship Stores Booming in Vietnam

Uniqlo, a Japanese clothing retailer, recently opened a new store at Saigon Center in HCM City in April 2022. This is its 11th outlet in Vietnam since 2019, spreading over 3,000 m2. Uniqlo is not Japan’s only retailer to open flagship stores in the country. MUJI, the...
Samsung to Begin Manufacturing Semiconductor Parts in Vietnam

Samsung to Begin Manufacturing Semiconductor Parts in Vietnam

Samsung has just announced that it will commence mass-producing its ball grid array products at its factory in northern Thai Nguyen Province in July 2023, and it is currently at the testing stage. In addition to preparing for trial production of semiconductor chip...
Vietnam´s Most Expensive Airport to Be Operational from 2025

Vietnam´s Most Expensive Airport to Be Operational from 2025

Vietnam is constructing the Long Thanh Airport, is expected to cost USD 16 billion. The airport, built to accommodate 100 million passengers and 5 million tons of cargo annually, will be the most expensive piece of infrastructure in Vietnam’s history and one of...
Vietnam Applies Artificial Intelligence for Petroleum Exploration

Vietnam Applies Artificial Intelligence for Petroleum Exploration

The Vietnam Petroleum Institute (VPI), a member of the Vietnam Oil and Gas Group (PetroVietnam), is applying artificial intelligence (AI) and machine learning in petroleum exploration and its operations. Traditional methods to identify fractured granite basements...
Vietnam Calls for Foreign Investment in Medical Devices Production

Vietnam Calls for Foreign Investment in Medical Devices Production

According to the Ho Chi Minh City Medical Equipment Association, the Vietnamese medical equipment market, is growing at a rate of over 18% annually. The market is dependent on imports, offering substantial opportunities for foreign providers. The market is currently...
Foreign Companies Investing in Vietnam´s Wind Offshore Industry

Foreign Companies Investing in Vietnam´s Wind Offshore Industry

Overseas companies are making investments in Vietnam wind offshore sector. One of the most notable recent examples is the collaborations between Danish offshore wind developer Ørsted and PetroVietnam Technical Services Corporation Mechanical & Construction (PTSC...
Vietnam to Grow Installed Power Generation Capacity by 10% Annually

Vietnam to Grow Installed Power Generation Capacity by 10% Annually

According to Vietnam´s Deputy Minister of Industry and Trade, the Southeast Asian country will require between USD 8 billion and USD 14 billion in investments annually through 2030 to build new power plants and expand its grid. Specifically, 75% of the money would go...
Vietnam to Establish Seven Marine Economic Clusters by 2030

Vietnam to Establish Seven Marine Economic Clusters by 2030

The government of Vietnam recently announced that it aims to develop seven maritime economic clusters in the country over the next 10 years as part of its strategy to advance the marine economy while promoting sustainable development. The target was set by the Prime...
Boeing to Grow Manufacturing and Supply Chain Operations in Vietnam

Boeing to Grow Manufacturing and Supply Chain Operations in Vietnam

Boeing, one of the top aircraft manufacturers in the world, has announced its intention to invest in the Vietnamese supply chain by working with more local suppliers. At the Boeing Aerospace Industry Forum recently held in Hanoi, the general director of Boeing Vietnam...
Vietnamese Shrimp Farms to Use Artificial Intelligence Solutions

Vietnamese Shrimp Farms to Use Artificial Intelligence Solutions

An official partnership has been established between AquaEasy and Viet-Uc Group, one of the top shrimp farmers in Vietnam, to implement Artificial Intelligence (AI) technology solutions in local shrimp farms. Viet-Uc Group will install AquaEasy’s AI systems,...
Global Tech Giants to Manufacture Their Products in Vietnam

Global Tech Giants to Manufacture Their Products in Vietnam

As an attempt to lower risks and dependence on China, Google will begin producing its Pixel smartphones in Vietnam in 2023. Accordingly, Google will shift a small portion of Pixel 6 production to the Southeast Asian nation for training reasons even if the majority of...