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.
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.
To maintain a high growth rate of exports, it was necessary to target new trends, including semiconductors, said experts.
Vietnam has a rapidly developing semiconductor ecosystem and a window to elevate its standing in the global supply chain.
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.
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.
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.
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 oil refinery has shut down some of its units, beginning a 55-day total shutdown for major maintenance, a company source said on Wednesday.
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.
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…
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.
VinFast wants US customers and investors for its EVs but has hit bumps in the road.
Project led by Japan’s Idemitsu expected to make November debt payment
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.
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.
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.
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.
Many factories continue to lay off or furlough workers as order books remain anemic and show no signs of recovery.
Vietnamese factories were supposed to save globalization. It doesn’t look like that’s happening.
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.
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…
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…
“Do you think Vietnam has the potential to become the world’s next factory ?”
Vietnam’s growing capacity to make complex tech products is attracting more foreign investors who are setting up factories.
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,…