The northern province of Thai Nguyen with the issuance of of a licence to to Samsung Electro-Mechanics Vietnam Co., Ltd under Samsung Corporation of the Republic of Korea to add 920 million USD to its project, ranked second in attracting foreign direct investment (FDI) in the first two months of 2022, behind Bac Ninh.
Authority of the northern province of Thai Nguyen on February 16 handed over a licence to Samsung Electro-Mechanics Vietnam Co., Ltd under Samsung Corporation of the Republic of Korea to add 920 million USD to its project in the Yen Binh industrial park in Pho Yen town.
Vietnam needs to increase policies to promote the development of the domestic mechanical engineering industry and enable local manufacturers to compete with foreign competitors.
HCM City’s index of industrial production (IIP) in June rose 13.74 percent from the previous month, according to statistics of the municipal People’s Committee.
Of the total 25,000 vacant jobs Ho Chi Minh City needs to fill in September, 81.36 percent require skilled workers, according to Vice Director of the city’s Human Sources Forecast and Labour Market Information Centre Tran Le Thanh Truc.
Ho Chi Minh City’s Index of Industrial Production (IIP) in the first six months of the year expanded 7 percent from the same time last year, propped up by high growth of the processing sector.
Three Taiwanese-funded enterprises on March 21 signed deals to invest a total of 30 million USD at the Minh Hung Sikico industrial park in the southern province of Binh Phuoc.
Japanese businesses have been working with Vietnamese partners in technology transfer and equipment manufacturing, as well as increasing investments in precision mechanics.
More than 140 businesses are taking part in the Vietnam-Laos trade fair in Vientiane from June 28 to July 2 to promote the bilateral friendship, cooperation and development.
Ho Chi Minh City calls on Japanese businesses to step up investments in industry, agriculture and tourism in the southern metropolis, said Vice Chairman of the municipal People’s Committee Huynh Cach Mang.
Hoa Phat Dung Quat Steel JSC of Hoa Phat Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production.
Ho Chi Minh City’s Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city’s stimulus package until the end of this year, said DoIT’s deputy director Nguyen Phuong Dong.
Prime Minister Nguyen Xuan Phuc visited the Vietnamese-German University, based in Thu Dau Mot city of the southern province of Binh Duong, on June 22, asking it to better serve as a bridge linking the two countries.
Information on Vietnam’s advantages, preferential policies and orientations in the mechanical and electronic field was updated at a workshop in Seoul, the Republic of Korea (RoK), on June 8.
Vietnam needs to invest in human resources to take advantage of and keep updated about the fourth industrial revolution, Nguyen Van Thu, President of the Vietnam Association of Mechanics said.
Many enterprises in southern Dong Nai Province have been in need of labourers, mostly manual workers for textiles, wood processing and mechanics to complete their extra contracts in the past 2 months.
The Shinsung Group from the Republic of Korea (RoK) kicked off two solar power projects worth a total of nearly 2.4 trillion VND (about 110 million USD) in the Central Highlands province of Dak Nong.
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