Vietnamplus

LG Electronics Inc. said on March 9 that it is scaling up its research and development operations in Vietnam to respond to a rapidly growing electric vehicle (EV) parts business.

Vietnam has always paid attention to protecting legitimate interests of foreign investors, including Samsung, National Assembly (NA) Chairman Vuong Dinh Hue told Park Hark Kyu, President and Chief Financial Officer of Samsung Electronics Co., Ltd., of the Republic of Korea (RoK).

The electronics industry has seen good progress in recent years, accounting for about 18% of the total industrial production value and more than 30% of the total export revenue of the country.

Swiss daily Tribune de Gèneve has recently published an article hailing Vietnam as a new destination for foreign companies.

Strengthening relations with Singapore is set to have a positive effect on the investment and business environment of Vietnam, according to Singapore’s website sbr.com.sg.

The increased inflow of investment from foreign investors into Vietnam’s electronics industry is expected to create a positive outlook for the country’s exports of computers, electronic products, and components in the time to come.

In continuation of moving their production hubs, this year many of the giants in the world of technology and electronics have announced business expansion plans in Vietnam.

Deputy Prime Minister Le Minh Khai received President of the Republic of Korea (RoK)’s Samsung Electronics Park Hark Kyu in Hanoi on January 13 and suggested that the Korean firm expand its investment in Vietnam to tap opportunities from the sound partnership between the two countries in all fields.

Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, has a plan to invest a substantial sum to build two factories in Vietnam.

Eearable Neuroscience launched its highly-anticipated FRENZ Brainband at the 2023 Consumer Electronics Show (CES) in Las Vegas on January 7 (Vietnam time).

VinFast, a member of private conglomerate Vingroup, has announced its participation in the Consumer Electronics Show (CES) 2023 from January 5 – 8 next year with a showcase of its electric vehicle ecosystem, including four electric SUV models, four electric bikes, VF 8 test drives, and an immersive experience in their booth.

Green i - Park JSC and Compal Electronics, a leading electronics corporation of Taiwan (China) on December 16 signed an agreement on land and infrastructure sublease in the northern province of Thai Binh.

Negative effects of the COVID-19 pandemic and uncertainties in the global markets caused some enterprises under the Commission for the Management of State Capital at Enterprises (CMSC) to see sharp declines in profits this year, with some even posting great losses and reductions in equity.

ASM Pacific Technology Limited (ASMPT), the leading global supplier of hardware, software, and service solutions for integrated smart factories in the semiconductor and electronics manufacturing industry, has opened an office in Hanoi.

The Singapore economy is projected to slow further in 2023 amid growing challenges in the external environment, according to the latest report of the Monetary Authority of Singapore (MAS).

Thailand is seeking to attract more US investment in the Eastern Economic Corridor (EEC), particularly its renewable energy, digital economy and smart electronics sectors.

VinFast, Vietnam’s first global EV maker, and Renesas Electronics Corporation, Japan’s premier supplier of advanced semiconductor solutions, announced on September 26 that they are expanding their collaboration agreement to include automotive technology development of electric vehicles (EVs) and delivery of system components.

With a view to becoming Vietnam’s leading manufacturing centre of electronic products, the northern province of Bac Ninh has taken a lot of concerted and flexible measures, focusing on high-value segments such as smartphones, electronic devices, and components.

Singapore’s manufacturing sentiment fell in August to its lowest point in two years, with the Purchasing Managers’ Index (PMI) for the electronics sector recording the sharpest contraction after 24 consecutive months of expansion.

The Quang Ninh provincial People’s Committee started construction work on an industrial factory complex worth over 2.7 trillion VND (115 million USD) in total in Quang Yen town on September 1 and also granted investment registration certificates to two projects in the complex.