Keyword: "production hub"

Speaking to French business and financial news channel BFM Business, Mickaël Driol, CEO of Mekong Partners, noted that amid global trade tensions and geopolitical uncertainty, multinational companies are increasingly diversifying their supply chains, with Vietnam emerging as a key beneficiary of this trend.

Under national mineral planning for 2021–30, Vietnam targets annual output of 114–118 million tonnes of bauxite, 11.6–18.6 million tonnes of alumina, and 120,000–150,000 tonnes of primary aluminium annually. Beyond 2030, the country plans to increase primary aluminium output to 225,000–245,000 tonnes per year.

Thai Prime Minister Srettha Thavisin on March 22 reiterated his government's policy to promote the domestic manufacturing of electric vehicles (EVs) and parts in order to drive economy.

Apple is in talks to make Apple Watches and MacBooks in Vietnam for the first time as the US tech giant looks to diversify production away from China, Nikkei Asia reported.

Vietnam is expected to become a new production hub of the world, as “Made in Vietnam” products are winning larger shares in the international market, according to Russia's Sputnik news agency.

Vietnam will successfully perform its role as the ASEAN Chair in 2020, helping the bloc increase its prestige and position in the international area, according to Professor Aleksius Jemadu, Senior Lecturer at Pelita Harapan University.

Vietnam is willing to create favourable conditions for foreign companies, including those from the US, to invest and expand business and production in the country, said Vice Chairman of the National Assembly Phung Quoc Hien.