Vietnam reminds US it wants support for semiconductor development
Vietnam has reiterated its desire for U.S. assistance for developing semiconductors, which it has identified as a key industry, and training human resources for it.
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.
Rare earths magnet firms turn to Vietnam in China hedge
Korean and Chinese magnet firms, including an Apple supplier, are set to open factories in Vietnam, according to documents and people familiar with the plans, amid a push to diversify supply chains away from China and defend against Sino-U.S. tension.
Vietnam Vingroup’s ambition to take on Tesla hits bumpy road
Vietnamese conglomerate Vingroup has made a big bet on the global shift to electric vehicles. But its EV business has struggled to take off, bogged down by a domestic market slow to embrace electrification and a troubled rollout in the…
Vietnam’s Vinfast starts construction of EV factory in the US
Vinfast, a Vietnamese electric car manufacturer under Vingroup, held a ground-breaking ceremony for an electric car factory in North Carolina, US on Friday. The event marked an important step in Vingroup’s strategy for market expansion and brand development.
The carmaker from Vietnam looking to take on Tesla
VinFast wants US customers and investors for its EVs but has hit bumps in the road.
Vietnam’s top oil refinery to avert shutdown as cash flow improves
Project led by Japan’s Idemitsu expected to make November debt payment
How Vietnam can disrupt China’s dominance in EVs
There’s a long way to go, but the country has most of the ingredients it needs to be a significant player in global EV supply chains.
Vietnam shoemaker to cut about 6,000 jobs on low demand
One of Vietnam’s largest shoe manufacturers for brands such as Nike Inc and Adidas AG would cut thousands of jobs at the end of next month, blaming a slump in orders, Vietnamese state media reported on Saturday.
US companies including Netflix and Boeing join ‘biggest’ business mission to Vietnam
Dozens of American companies are in Vietnam this week in hopes of pushing further into the fast-growing Southeast Asian economy, which has emerged as an attractive potential alternative to China as companies seek to diversify their markets and supply chains.
Chinese suppliers race to Vietnam as COVID let-up opens escape route from Sino-U.S. trade war
Vietnam has enjoyed a wave of investment from China since its neighbour abruptly canned its strict virus-containment strategy and unleashed pent-up interest from companies – and their suppliers – fleeing the impact of Sino-U.S. trade friction.
Factories continue to cut workforce as orders remain elusive
Many factories continue to lay off or furlough workers as order books remain anemic and show no signs of recovery.
Trying to replace China’s supply chains ? Don’t bother
Vietnamese factories were supposed to save globalization. It doesn’t look like that’s happening.
Nike, Adidas supplier lays off 2,000 workers as orders plunge
Taiwanese shoemaker Pou Yuen Vietnam Co. Ltd., the largest employer in HCMC, has announced to lay off over 2,000 workers, blaming it on orders drying up.
Foxconn leases new site in Vietnam as Apple contractor continues to diversify production away from China
Taipei-listed Foxconn, formally known as Hon Hai Precision Industry, has signed a lease with Saigon-Bac Giang Industrial Park Corp. Foxconn’s latest deal in Vietnam comes after its iPhone plant in Zhengzhou was rocked last year by worker unrest amid a…
Acclaimed Vietnamese discusses future of local film industry
When the CJ Cultural Foundation and CJ CGV Vietnam started the CJ Short Film Project in Vietnam in 2017, the film-makers assigned to the selection and mentoring committees had no clue their choices would be so successful as to earn acclaim…
Vietnam dreams of becoming world’s next factory. But at what cost ?
“Do you think Vietnam has the potential to become the world’s next factory ?”
Global tech investors continue to bet on Vietnam
Vietnam’s growing capacity to make complex tech products is attracting more foreign investors who are setting up factories.
Why did Lego choose Vietnam, not China, to build first carbon-neutral factory ?
Toy behemoth’s move reflects how like-minded multinational firms are diversifying supply chains away from what has been known for decades as the world’s factory . Lost investment dollars amid the US-China trade war and pandemic have sparked concerns within China,…