President of the Republic of Korea (RoK) Yoon Suk Yeol, his spouse, and the high-ranking delegation of the country left Hanoi at noon on June 24, wrapping up a three-day State visit to Vietnam at the invitation of President Vo Van Thuong.
The engagement of the private sector in green and sustainable growth is crucial for Vietnam to complete its target of achieving net-zero emission , according to experts.
Prime Minister Nguyen Minh Chinh has asked Samsung to consider Vietnam its important and global strategic base in terms of production, research and development.
Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
Witnessing the success of Samsung and Intel in Vietnam, plus negative impacts from the Covid-19 pandemic, many giant mobile device manufacturers are seriously considering building their plants and forming their supply chain here. The recent construction of such a factory in Thai Nguyen Province by Xiaomi and the preparation of Apple to produce iPad, Macbook in this country are typical example of this trend.
Total export turnover in the first quarter of 2022 reached US$88.58 billion, up 12.9 percent over the same period last year proving enterprises’ great efforts in recovering the economy. However, along with the above excitement, Many Vietnamese businesses are worried when foreign firms outdo local firms in exporting goods and service.
Saigon Hi-Tech Park (SHTP) has become one of the ideal destinations for high-tech investors through the presence of the world's leading multinational technology corporations, such as Intel (US), Nidec (Japan), Sanofi (France), and Datalogic (Italy). In 2021, overcoming the sweep of the Covid-19 pandemic, SHTP still stabilized production, retained, and attracted new investors.
Despite the complicated developments of the Covid-19 pandemic, the export turnover of Vietnam still achieved positive results of US$27 billion in September, down 0.8 percent compared to the previous month and 0.6 percent year-on-year. As soon as Ho Chi Minh City gradually reopens, many enterprises accelerate export activities.
The Ho Chi Minh Export Processing Zone and Industrial Park Authority (Hepza) Business Association, on October 8, said that foreign investment in Vietnam in general and HCMC, in particular, has many positive signs.
Samsung Electronics Co. will begin expanding the production capacity of foldable devices at its plant in Vietnam’s northern province of Bac Ninh within the second half of this year, as reported by The Korean Economics Daily.
The risk of a new outbreak of Covid-19 in Europe and the US has been raising concerns that supply chains of raw materials for production will break again. Therefore, foreign direct investment (FDI) enterprises that manufacture end products in Vietnam have been accelerating their capacity to expand domestic supply chains.
More than 2,000 engineers and bachelor degree holders graduating from universities attended the Global Samsung Aptitude Test (GSAT) held in Hanoi on June 20.
In recent years, electronics industry has always been among top ten industries with highest export proportion of tens of billions US dollars annually. However, this ‘piece of cake’ mostly belongs to foreign direct investment (FDI) enterprises.
Samsung Vietnam’s export turnover reached more than US$ 60 billion in 2018, an increase of 12 percent over 2017, employed 160,000 Vietnamese workers, said newly appointed General Director of Samsung Vietnam yesterday.
Prime Minister Nguyen Xuan Phuc received Vice Chairman of Samsung Group Lee Jae-yong in Hanoi on October 30, asking the Republic of Korea-based firm to expand investment and turn Vietnam into its largest production hub.
Samsung Vina Electronics Co., Ltd. cooperated with the Ho Chi Minh City (HCMC) General Science Library to officially open S.hub Kids – a technological environment for kids.
The Ministry of Industry and Trade and South Korea’s Samsung Vietnam yesterday jointly held an opening meeting for a training program for 200 Vietnamese experts in support industry of Vietnam.
Samsung Vina Electronics Co., Ltd announced on March 27 that South Korean head coach of the Vietnamese national U23 football team Park Hang Seo was selected as Samsung’s brand ambassador in Vietnam.
Samsung Electronics Co. said Monday it has developed battery technology that utilizes graphene to expand capacity and speed the charging process by upwards of five times existing standards.
