Major global tech companies, including LG, Panasonic, Samsung or Foxconn, are looking to shift or expand production in Vietnam in the post-Covid-19 pandemic period, according to the Vietnamese Ministry of Industry and Trade (MoIT). Recently LG moved its entire...
The Europe-Vietnam Free Trade Agreement (EVFTA) will generate new opportunities for Vietnam and the logistics service industry is preparing infrastructure and techniques to take advantage of this. The agreement will also help Vietnam receive foreign direct investment...
Song Thu Corporation, a shipbuilder in Danang has launched the third 57 m roll-on/roll-off landing ship tank which was ordered by the People’s Army of Vietnam (PAVN) Navy. The vessel has been built to a proprietary design from Dutch defense, shipbuilding, and...
Chan May LNG JSC, which has American and Vietnamese investors, will develop and operate a power plant in Hue, with a generation capacity of 4,000 MW. It will consist of a liquefied natural gas (LNG) port for loading and off-loading, an on-shore LNG terminal, and a...
Military Commercial Joint Stock Bank (MB) has chosen Temenos Infinity Wealth to deliver digital wealth management services to its private banking customers. MB, one of the top five banks in Vietnam in terms of assets size, will integrate Temenos Infinity Wealth with...
Vietnamese dairy market leader, Vinamilk and packaged food producer, Kido Group Corporation signed a memorandum of understanding (MOU) in June 2020 to set up a joint venture, Vinamilk-Kido Beverage Joint Venture Company Ltd (Vibev). Vinamilk will own 51% and KDC...
In June 2020, a new 550 MW solar project was announced to be built in Luning County, in Vietnam’s Pingfu province. It will be built by China Power Construction Group, which has entered into an agreement with Thailand’s Super Energy. No completion date has been...
The government of Vietnam is preparing new policies and laws to support the development of defense industries in Vietnam. According to Jane’s the policies are being formulated by a dedicated state steering committee headed by the prime minister and are expected...
The National Assembly of Vietnam ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) in June 2020. The EVFTA which takes effect in July 2020 will reduce or eliminate 99% of tariffs on goods traded...
The city of Can Tho in Vietnam has approved an investment of nearly VND 745 billion (USD 32 million) into four anti-erosion projects. The budget for these projects will be from the central, local budgets and other sources and they are scheduled to be completed in...
German adhesive tape manufacturer, tesa, will build a USD 60.3 million plant in a 70,000 m2 site in DEEP C Industrial Zones, an industrial park cluster in Hai Phong port city in Northern Vietnam. The output from this factory is meant to address regional demand. tesa...
FPT, Vietnam’s leading information technology firm, has partnered with Schaeffler, a German automotive supplier, for a digital manufacturing initiative. This cooperation is a part of Schaeffler’s global pilot project for a new digital manufacturing concept and it is...
