Apple manufacturers moved from China to Vietnam. Now they’re desperate for workers
For Apple suppliers in Vietnam, the end of summer is recruitment season. In the months ahead of the busy holiday shopping rush, companies like Luxshare and Foxconn try to fill thousands of permanent and temporary assembly jobs, building products like…
In Vietnam, over 300 workers cry for help as American company owner flees
More than 300 workers found themselves with unpaid salaries and without work after the owner of an American company in Binh Phuoc Province, southern Vietnam disappeared.
Vietnam, US firms sign MoUs on energy, AI, data centre, Vietnam govt says
Vietnamese and U.S. firms have signed memorandums of understanding (MoUs) to cooperate in energy, artificial intelligence and a data centre, the Vietnamese government said on Tuesday.
Boeing pledges to support Vietnam with aviation ecosystem development
Boeing was committed to helping Vietnam build an aviation ecosystem in the coming time, Brendan Nelson, senior vice-president of The Boeing Company and president of Boeing Global, told a meeting in New York on Sunday with Vietnam’s Party General Secretary…
Vietnam becoming a chip-making powerhouse
Global semiconductor makers piling into Vietnam to decouple from China and eschew much higher Western wages
Vietnam turns chip sector magnet with affordable, quality talent pool
US, Taiwan, and South Korean players beat path to Vietnam, though the boom strains resources.
Vietnam preferred relocation destination for US tech firms amid China curbs
American tech companies are increasingly viewing Vietnam as the place to relocate their production facilities and transfer technology, particularly in the electronics industry, due to the ongoing U.S.-China rivalry.
Vietnam misses out on Intel, LG Chem investments due to lack of incentives, ministry document shows
Vietnam has missed out on multi-billion dollar investments by multinationals including Intel and LG Chem because it lacks sufficient investment incentives, the country’s investment ministry said in a document reviewed by Reuters.
Apple supplier Foxconn to invest in two projects in Vietnam to diversify supply chain
The Taiwanese company has been granted approval to produce smart entertainment products and smart-system equipment at the new facilities
Why Vietnamese labor productivity is rated low
After signing a purchase deal with an automotive parts supplier in Dong Nai Province, Thang’s business was constantly notified that its orders had been delayed.
Vietnam’s VinFast looks to tiny EV, priced at less than $10,000, to change its fortunes
Vietnamese automaker VinFast, for a short time the third-most valuable car company in the world, has a big problem: It just can’t sell enough cars.
Vietnam’s bid to exploit US-China chip tensions confronts labour hurdles
Hanoi is hoping to benefit from the push to de-risk from China amid intensifying geopolitical tensions.
The BYD of Vietnam just reported a huge loss for 2023—a whopping $2.4 billion
VinFast’s revenue growth is fast, but the electric-vehicle maker’s costs grow faster. Vietnam’s Tesla challenger is building a $2 billion manufacturing plant in North Carolina, is poised to break ground on another in India’s Tamil Nadu, and has yet another planned in Indonesia.
Vietnam dangles semiconductor incentives to draw foreign companies
Hanoi pledges ambitious programmes as it competes with Asian rivals such as Malaysia in burgeoning chip sector.
Chipmakers among 15 US firms eyeing $8 bln Vietnam investment
Fifteen U.S. companies, including semiconductors firms, have expressed interest in investing $8 billion in Vietnam in clean energy infrastructure, contingent on the country’s progress on renewable energy rules, a senior U.S. official said on Friday.
Boeing to boost manufacturing in Vietnam as supplier builds plant
South Korean aero parts supplier KP Aero Industries said on Wednesday (Jan 24) it plans to invest US$20 million in a Vietnam factory to assemble components for Boeing planes, a move that would expand the US aviation firm’s manufacturing network…
Deputy minister proposes establishment of Vietnam’s national carbon credit exchange
Vietnam should consider creating a national carbon credit exchange as it moves toward developing a low-carbon economy and proactively coping with climate change, a financial official told a meeting on Monday.
Vietnam’s VinFast to build a $2 billion EV plant in India as part of its global expansion
Vietnamese automaker VinFast says it plans to spend up to $2 billion to build an electric vehicle factory in India, the world’s third-largest auto market by sales.
Factories left understaffed as revised insurance law drives workers away
Despite signs of business recovery, factory workers are quitting in hordes to make sure they can get a one-time social insurance withdrawal before the law is changed.
Semiconductors a future key industry of Vietnam
To maintain a high growth rate of exports, it was necessary to target new trends, including semiconductors, said experts.
Vietnam’s path to multibillion-dollar semiconductor industry
Vietnam has a rapidly developing semiconductor ecosystem and a window to elevate its standing in the global supply chain.
US chipmakers march south as Vietnam subsidizes its tech future
Just as Vietnam comes into its unique role in China-U.S. relations, Hanoi’s policymakers are trying to find their niche in the global semiconductor industry.
Biden courts Vietnam as US chases alternatives to Chinese factories
President Joe Biden travelled after the G20 to a Vietnam that’s looking to dramatically ramp up trade with the United States — a sign of how competition with China is reshaping relationships across Asia.
Engineer shortage may harm US plan to turn Vietnam into chips powerhouse
A chronic shortage of engineers in Vietnam is emerging as a major challenge to the growth of its semiconductor industry and to U.S. plans of fast-tracking the Southeast Asian nation as a chips hub to hedge against China-related supply risks.
Adidas supplier in HCMC to lay off another 1,200 workers
Taiwanese footwear maker Pouyuen, the largest employer in Ho Chi Minh City, will lay off more than 1,200 workers over lack of orders.
Vietnam’s largest refinery begins shutting down for maintenance
Vietnam’s largest oil refinery has shut down some of its units, beginning a 55-day total shutdown for major maintenance, a company source said on Wednesday.