Work on Schneider Electric's new plant begins

Schneider Electric has kicked off the first phase of construction for its new factory in Saigon High-Tech Park in Ho Chi Minh City.
Work on Schneider Electric's new plant begins ảnh 1Construction work starts on a Schneider Electric factory in HCM City. (Source: baodautu.vn)

HCM City (VNA) - Schneider Electric has kicked off the first phase of construction for its new factory in Saigon High-Tech Park in Ho Chi Minh City.

The company, a global specialist in energy management and automation, declined to announce the cost of the project, saying only that it was a major manufacturing investment as the company's business expands.

The first phase of the 10,000sq.m plant is slated for completion later this year, making it one of the main manufacturing sites of the entire Asia-Pacific region. It will manufacture Schneider Electric's high-tech products for smart homes and other traditional wiring devices.

Over the past three years, its subsidiary, Schneider Electric Vietnam Co, has shown impressive performance, with a consistent growth rate of more than 25 percent per year. Last week, the company received a labour order, third class, from the State.

Xavier Denoly, Country President of Schneider Electric Vietnam, Cambodia and Myanmar, said this acknowledgement had motivated all members of the company in Vietnam to strive harder to achieve its long-term vision in the country and to contribute more to the community in response to the trust and support offered by the Government and Vietnamese people.-VNA

VNA

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.