Sojitz Corporation, a Japanese conglomerate, has officially commenced operations at one of Vietnam’s largest beef processing plants located in Tam Dao, Vinh Phuc Province, as of December 17, 2024. This facility is pioneering in Vietnam as it is the first to...
Vietnam’s Prime Minister (PM) Pham Minh Chinh welcomed a delegation of aerospace, defense, and security companies from the US-ASEAN Business Council (USABC) in Hanoi in December 2024. The delegation, led by USABC senior vice-president Brian McFeeters and I.M....
Vietnam has demonstrated impressive growth in foreign investment in 2024, attracting over USD 27.26 billion as of October, marking a 1.9% increase from the previous year. The processing and manufacturing sector received the largest share, with USD 17.1 billion,...
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) has entered into a collaboration with the US solar manufacturer First Solar to utilize the direct power purchase agreement (DPPA) mechanism and distribute photovoltaic (PV) modules. The memorandum of understanding...
Recover, a leading global producer of recycled cotton fiber based out of Spain has announced the opening of a new manufacturing facility in Dong Nai province, Vietnam, as part of its global expansion strategy. Set to begin operations in early 2025, this facility will...
An Australian biotechnology company, Core8 Group, has announced plans to establish Vietnam’s first AI-driven hospital, named the MedArmor AI Hospital, which will focus on preventive healthcare through advanced technology. The facility aims to enhance early...
Nvidia has signed an agreement with the Vietnamese government to establish two significant facilities: the Vietnam Research and Development Center (VRDC) and an AI data center. This collaboration aims to position Vietnam as a leading hub for artificial intelligence...
Aeon Mall Vietnam, a subsidiary of the Japanese retail giant Aeon Mall, has officially commenced construction on its largest mall in Vietnam, the Aeon Mall Thanh Hoa, with an investment of VND 4,157 billion (USD 163.8 million). The groundbreaking ceremony took place...
South Korea’s Star Group Ind. (SGI) is set to launch its USD 80 million magnet manufacturing factory, SGI Vina Co., Ltd., in Quang Nam province, Vietnam. The project, which received its investment registration certificate in October 2022, is currently in the...
Vietnam has made significant strides in advancing its North-South high-speed railway project, with the National Assembly recently adopting a resolution for its development, estimated to cost around USD 67.34 billion. The project aims to enhance private sector...
Japanese retailer Aeon has announced plans to invest USD 35 million in constructing a new shopping mall in Phu Ly town, located in Vietnam’s northern Ha Nam province. This investment was formalized through a memorandum of understanding (MOU) signed between Ha Nam...
In September 2024, Assa Abloy Group, a global leader in entrance automation and door control solutions, inaugurated its USD 30 million factory in the northern port city of Hai Phong. The Swedish company began its investments in the northern coastal city in December...
