7M FDI exceeds $20bn

7M FDI exceeds $20bn Illustrative image (Source: Processing and manufacturing led by sector in first seven months, Thanh Hoa province by destination, and South Korea by source. As at July 20, total foreign direct investment (FDI) into Vietnam stood at some $21.9 billion, with disbursed capital at $9.05 billion, an increase of 5.8 per cent year-on-year. Foreign investors..

The ultra-clear float glass facility to start construction

The ultra-clear float glass production facility, mainly used in solar panels, started construction in the southern province of Ba Ria-Vung Tau yesterday, to meet the booming demand of the solar industry.   Vietnam's first ultra-clear float glass production facility will primarily produce for export   The project is developed by Phu My Ultra Clear Float Glass Co., Ltd, a consortium of..

ASEAN creates a base in Vietnam

Regional trade pacts and business climate improvements have made Vietnam become a manufacturing hub for ASEAN investors and firms.   Vietnam’s cement sector has allured ASEAN investors with some big acquisition deals, Photo: Quynh Trang   Rebecca Fatima Sta Maria, senior policy researcher from the Economic Research Institute for ASEAN and East Asia (ERIA), said that under the..

PM okays Van Don EZ development

Prime Minister Nguyen Xuan Phuc has given the northern province of Quang Ninh the go-ahead to develop the Van Don Economic Zone as a special administrative-economic unit.   Prime Minister Nguyen Xuan Phuc has given the northern province of Quang Ninh the go-ahead to  develop the Van Don Economic Zone as a special administrative-economic unit.— Photo   The province has..

Japan-invested firm opens US$42 mln factory in Binh Duong

The Japanese-invested TPR Vietnam Co. Ltd on July 21 put into operation a factory producing gaskets, electric mattress pads and plastic products for daily use in the southern province of Binh Duong.     The plant, based at the Vietnam-Singapore Industrial Park 2 in Tan Uyen township, was built at a cost of more than US$42 million.   Kishi Masanobu, General Director of Japan’s TPR..

Vinamilk mulls over new dairy cow farm in Quang Ngai

Vietnamese dairy giant Vinamilk is planning to develop a dairy cow farm project in Mo Duc district of the central province of Quang Ngai.   The meeting between Vinamilk and Quang Ngai leaders   On July 18, Vinamilk's leaders worked with local authorities on the investment plan. The firm has been studying the locations suggested by the local people's committee and has found Duc Phuc..

US First Solar resumes long-delayed $1.2 billion project

After years of failing looking for suitable investors to take its place and carry out the $1.2-billion project in Ho Chi Minh City, First Solar (US) has decided to resume the solar panel manufacturing project.     The information has been confirmed by the Ho Chi Minh City Export Processing and Industrial Zones Management Authority (HEPZA).   Late last year, in a conference call with..

Viettel records huge profit from overseas investments

Military-run telecom Viettel Group reported a significant profit and revenue figures generated by its investments in nine foreign countries in the first half of 2017.   Viettel’s Bitel brand in Peru posted the highest growth rate  among the company’s overseas markets with 82 per cent   Viettel has recorded a pre-tax profit of VND1 trillion ($41.2 million) from its overseas..

Australia initiates VN’s wind towers on dumping

The Anti-Dumping Commission of Australia (ADC) has initiated an investigation into alleged dumping of wind towers imported from Viet Nam.   ADC initiated an investigation on VN’s wind towers.- Photo   The investigation follows an application lodged by Australian wind tower manufacturers Keppel Prince Engineering Pty Ltd and Ottoway Fabrication Pty Ltd.   The..

Mitsubishi Motors plots expansion in Vietnam

Mitsubishi Motors Vietnam affirmed it will inject more capital into its auto assembly facility in the country to expand production and made plans to sale electric cars despite lower tariffs on imported completely built-up units from the ASEAN.   Mistubishi announces plans to ramp up investments in Vietnam   Osamu Masuko, chief executive officer at Mitsubishi Motors Corp., announced the..

SCG gunning for increased market share after takeover

Siam Cement Group (SCG), Thailand’s largest manufacturer of cement and construction materials, has made moves to secure and increase the market share of Song Gianh Cement in Central Vietnam.   Song Gianh Cement factory develops steadily following acquisition by Thai SCG   Secure central market   Three months after acquiring Song Gianh Cement with a 100 per cent buyout from Vietnam..