With the total investment of $50 million, the plant will produce 4,000 tonnes of sheep wool yarn a year. On June 15, the first Vietnamese sheep wool yarn spinning plant has broken ground in Phat Chi industrial cluster, in Tram Hanh commune of Da Lat. The wool spinning mill has a total area of more […]
Read MoreMorning of 17/6/2018, at the Hanoi 2018-Investment and Development Cooperation conference, Hanoi granted investment certificates and awarded decisions of investment agreements to 71 projects with a total registered investment capital sum of VND397.33 trillion (over $17.65 billion), ranked second in Vietnam on FDI. The projects included 11 foreign-invested projects totalling at VND130.06 trillion ($5.4 billion) […]
Read MoreVietnam pledges to maintain stability to ensure the interests of foreign investors in Vietnam, Vietnamese Deputy Prime Minister Truong Hoa Binh emphasised at the 24th International Conference on the Future of Asia, held in Tokyo, on June 11. The Deputy PM specified three areas of stability including stability in politics-security, stability in policies toward foreign […]
Read MoreThe joint venture between Vinfast and its Thai partner to manufacture Body in White shows the corporation’s commitment to increase the localisation rate of its products. On June 11, Vinfast signed a Memorandum of Understanding (MoU) to set up a joint venture with Aapico Hitech Plc., one of Thailand’s leading auto parts manufacturers with a […]
Read MoreMajor local conglomerate Vingroup today announced plans to start manufacturing smart electronic devices, beginning with smart phones under the Vsmart brand. Accordingly, the company will establish VinSmart Co. with the registered capital of VND3 trillion ($133 million), which will be operating in the main fields of producing smart electronic devices, initially smart phones under the […]
Read MoreNidec Techno Motor Corporation’s investment in Hoa Lac Hi-tech Park will start development this month and is expected to be launched in next January. Japan’s Nidec Group has just received the investment certificate for the Nidec Techno Motor Vietnam project in Hoa Lac Hi-Tech Park to develop and produce brushless electric DC motors with the […]
Read MoreThe processing and manufacturing industry has been the most attractive sector for foreign investors this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. The agency announced the sector lured US$5.18 billion of a total US$9.9 billion, or 52.3 percent of foreign direct investment (FDI), the country attracted. Real estate […]
Read MoreSIAM Cement Group (SCG) has invested Bt173 billion in the first integrated petrochemical plant in Vietnam on expectations of starting construction next year, with production to begin by 2023. Pichai Limprapaipong, president of SCG Group’s TPC Vina Plastic & Chemical Corp Ltd, which has made petrochemical investments in Vietnam, said that SCG Group has raised […]
Read MoreThe vote to approve the controversial draft Law on Special Administrative and Economic Units will be postponed until the sixth National Assembly session, to commence in October, instead of the on-going fifth. According to a special announcement released early on Saturday morning from the Government Office, the postponement aims to provide the Government with more […]
Read MorePM Nguyen Xuan Phuc called for a new wave of foreign investment from Canada amid improving business environment in Vietnam and CPTPP coming into effect soon while attending a business roundtable in Québec city on Friday. Regarding recent developmets in Vietnam, the Government chief named several records of the economy, including export values of US$425 […]
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