Taiwanese electronics giant Foxconn will set up a facility to produce PlayStation gaming consoles in Quang Ninh province, Vietnam, as part of a USD 287.2 million investment. Foxconn received the investment registration certificate for the project in July 2024. The...
Japanese retailer Aeon is set to open its first mall in central Vietnam and its seventh in the country in September 2024 in Thua Thien Hue province. During a recent site visit, the Vice Chairman of Thua Thien Hue province was briefed on the project’s progress by the...
Vietnam has announced that foreign investors are now allowed to own data centers within the country. These new rules have emerged because the domestic market has struggled to meet the increased need for data storage. The recently enacted Law on Telecommunications...
South Korea’s GC Holdings will launch a gene and cancer diagnostic center in Vietnam in partnership with Phenikaa Group, marking its official entry into the Vietnamese healthcare sector. According to Korea IT Times, the project will feature GC Green Cross...
In a meeting with representatives from the Vietnamese Embassy in the Czech Republic in July 2024, Mega Group’s CEO outlined the company’s core activities and ongoing projects, highlighting water treatment as a key area of expertise. Particularly, the Czech’s...
Samsung Electronics Co. has announced that its facilities in Vietnam would enhance their eco-friendly operations by purchasing renewable energy directly through the new Direct Power Purchase Agreement (DPPA) system introduced by the Vietnamese government. The...
Vietnam and the Republic of Korea have recently enhanced their economic cooperation. The parties stressed the need for close coordination and practical measures to achieve their target of boosting bilateral trade to USD 100 billion by 2025, the tenth anniversary of...
In July 2024, Vietnam’s Bamboo Airways and Israel Aerospace Industries finalized a USD 36 million contract for aircraft engine maintenance and leasing. Under the agreement, Israel Aerospace Industries will provide maintenance for six CFM56-5B engines on Bamboo...
The United States Department of Agriculture (USDA) has recently announced that Vietnam has granted access to its market for peaches and nectarines from California. Over the past few years, multiple rounds of technical negotiations were necessary to overcome the...
Franck Muller, the Swiss luxury watch brand, just launched its first standalone store in Vietnam. Situated on Le Loi Street near the iconic Saigon Opera House, the boutique boasts a museum-like design with a neutral color palette, aligning with the brand’s...
Nokia is partnering with Foxconn to manufacture its 5G AirScale equipment at Foxconn’s factory in Bac Giang province. Under this collaboration, Foxconn will produce Nokia’s 5G AirScale equipment, including the latest AirScale Massive MIMO radio products....
In June 2024, the Vietnam Singapore Industrial Park Joint Venture Co. (VSIP) commenced construction on a new facility in Ha Tinh province. The VSIP Ha Tinh industrial park is the second VSIP project to break ground within a month, following VSIP Lang Son in the...
