Vietnam’s economy is expected to be worth US$500 billion next year to rank fourth largest in Southeast Asia, Prime Minister Pham Minh Chinh has said. It grew from $346 billion in 2020 to $433 billion last year, and the GDP is set to expand by 7% this year, exceeding lawmakers’ target of 6.5%, he said […]

LG Display, under South Korea’s chaebol LG, will invest $1 billion more in Vietnam’s northern coastal city of Hai Phong, scaling up its investment in the locality to $5.65 billion. The Hai Phong Economic Zone Authority (HEZA) granted an investment certificate to LG Display on Thursday in an event attended by Party General Secretary To […]

Singaporean-based HGQ ASIA Pte., Ltd will pour nearly VND500 billion ($19.7 million) into building a garment factory in the south-central province of Binh Dinh. Under an investment registration certificate recently granted by the Binh Dinh Economic Zone Authority (BEZA), the TnB Vietnam fashion products factory will cover an area of more than 80,434 square meters […]

South Korea’s Kumho Tire will pour an additional $300 million into the southern province of Binh Duong as its third-phase investment, increasing the total amount to $908 million. At a Wednesday meeting with Binh Duong Chairman Vo Van Minh, Kumho Tire Vietnam general director Kim Hyun Ho noted that the firm had started out with […]

Vietnam’s January-October index of industrial production (IIP) grew 8.3% year-on-year, extending the recovery of the sector, backed by a 4% increase from September to October, the General Statistics Office (GSO) said. The result outpaced the 0.5% recorded in January-October 2023, the GSO highlighted. It was better than 2.6% in 2020 and 3.8% in 2021, two […]

Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will increase its investment in Vietnam’s northern province of Ha Nam to $400 million. The firm has recently received an investment registration certificate for the move from Ha Nam authorities. It is the 10th adjustment to its initial investment licensed in October 2020. The project will […]

Deputy Prime Minister Tran Hong Ha has signed a Prime Ministerial decision, approving the investment orientation for the infrastructure development project of Trung Thanh Industrial Park in northern Nam Dinh province. Under the Decision No 1245/QD-TTg, Nam Dinh Infrastructure Investment and Development Joint Stock Company was granted the right to invest in the project which […]

Vietnam’s fruit and vegetable exports in the first 10 months reached $6.4 billion, surpassing last year’s total of $5.7 billion, with durian being the largest contributor. Durian, the top export category, generated over $3 billion in the period and accounted for nearly 50% of export turnover, according to the Vietnam Fruits & Vegetables Association. Other […]

Germany’s energy firm PNE is studying the possibility of developing a $4.5 billion offshore wind power project in central Vietnam. The company, with 25 years of experience developing onshore and offshore wind power projects, wants to build a 2,000-megawatt plant in three phases, its executives told authorities of Binh Dinh Province Tuesday morning. The project […]

Thailand’s leading retailer Central Retail kicked off the construction of a mall under its GO! brand in the northern mountainous province of Yen Bai last weekend. Located in Yen Bai town of Yen Bai province, the 1.3-hectare establishment is set to enter operation in the last quarter of next year. It has an investment of […]

South Korean industrial giant Hyosung Corp plans to invest another US$4 billion in Vietnam, taking its total investment in the country to $8 billion. Its chairman, Cho Hyun-joon, referred to Vietnam’s reliable investment environment and expressed confidence in its potential to become a key manufacturing hub in Asia during a meeting with Prime Minister Pham […]

In light of the increased demand from the semiconductor market and the changes in technological innovation, Rorze Corporation has decided to make a further investment in it Vietnamese subsidiary, Rorze Robotech Co., Ltd. The $330 million investment includes a new plant in Haiphong, expected to begin construction in the spring of 2026 and be completed […]