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 […]

Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang attended the Vietnam-China business workshop in Hanoi on October 13, where they urged businesses of both nations to strengthen economic ties and drive sustainable development. Hanoi (VNA) – Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang attended the Vietnam-China business workshop in Hanoi on […]

State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported. The country’s total import and export value hit […]

YNC Korea, an automation firm and a partner of South Korean chaebols such as LG and Hyundai, plans to invest $145 million in Vietnam’s northern coastal province of Quang Ninh. A delegation of the firm made the statement at a Wednesday meeting with Quang Ninh Chairman Cao Tuong Huy. The firm aims to invest $65 […]

Paihong Vietnam Co. Ltd., under Taiwan-based apparel material firm Paiho, has increased its investment in Binh Duong province, a manufacturing hub in southern Vietnam, to $400 million. Paiho Vietnam received an in-principle approval for its investment in fabric production on Thursday, on the sidelines of an investment promotion conference to announce the province’s 2021-2030 masterplan. […]

Hong Kong-invested Regina Miracle International (Vietnam), an intimate wear supplier of global brands such as Victoria’s Secret, Nike and Adidas, will increase its investment in Hung Yen province to $130 million. The firm acquired its first investment registration certificate in July 2018 and recently received the fifth adjustment for expansion. The project will cover 6.5 […]

Hai Duong province aims to attract $500 million in FDI and $850 million in implemented capital in 2024. China’s Deli Group Limited Company is set to break ground on a new stationery factory in Hai Duong province, on September 28. The $270 million project is the largest foreign direct investment (FDI) in an industrial park […]

Coherent Corp., an American manufacturer of optical materials and semiconductors, will invest $83 million through two subsidiaries in Dong Nai province, an industrial hub in Vietnam’s southern region. Dong Nai authorities granted an in-principle approval for the investment projects on the sidelines of an investment promotion conference held on Monday to announce the province’s 2021-2030 […]

Coherent Corp., an American manufacturer of optical materials and semiconductors, will invest $83 million through two subsidiaries in Dong Nai province, an industrial hub in Vietnam’s southern region. Dong Nai authorities granted an in-principle approval for the investment projects on the sidelines of an investment promotion conference held on Monday to announce the province’s 2021-2030 […]

Vietnam exported 1.12 million tons of rubber worth US$1.76 billion in the first eight months of 2024, customs data show. This marked a 7.2% year-on-year decline in volume but a 8.4% growth in value from the same period last year, according to the General Department of Customs. Vietnam shipped out 209,726 tons of rubber worth […]

The U.S.-based Polaris, an automaker in the Fortune 500 list, launched its second factory in Vietnam’s northern province of Vinh Phuc on Wednesday. Polaris, known for its brand Indian Motorcycle, conducted a groundbreaking ceremony for the $36-million, 12-hectare facility in Ba Thien II Industrial Park, in May 2023. This is Polaris’s 20th plant in the […]