Vietnam attracts nearly $12bn from global semiconductor companies
Vietnam is home to 174 foreign-invested projects active in the semiconductor industry with a total registered capital of US$11.6 billion, heard the first meeting of the national steering board for semiconductor development led by Prime Minister Pham Minh Chinh on…
VinFast to build second production plant in Vietnam
Vietnamese electric vehicle (EV) manufacturer VinFast on Sunday announced a plan to build its second domestic production plant that will double its output capacity, saying it is needed to meet increased demand for its small and mid-sized models.
Vietnam signs agreement with Nvidia to establish AI research and data centers
Last year, Nvidia CEO Jensen Huang said that he wanted to make Vietnam the AI chipmaker’s “second home.”
Vietnam attracts nearly $31.4B in foreign investment in 11 months
Total registered foreign direct investment (FDI) into Vietnam, including new and additional investments, and capital contributions via share purchases, reached $31.4 billion in the first 11 months of 2024.
Nvidia to build AI research, data centres in Vietnam with govt
Nvidia and the Vietnamese government will jointly set up an AI research and development centre and an AI data centre in the Southeast Asian country under an agreement signed on Thursday.
Chinese investors still moving to Vietnam, free of US tariffs for now, as Trump 2.0 looms
Number of Chinese manufacturers shifting production to Vietnam has boomed since Donald Trump’s first term as US president
Foxconn subsidiary seeks $80 mln Vietnam investment for integrated circuits
Taiwanese giant Foxconn’s subsidiary Shunsin is seeking a permit to invest $80 million in northern Vietnam to produce integrated circuits, according to a document from Vietnam’s environment ministry.
UAE’s $830bn investment fund eyes various projects in Vietnam
The Abu Dhabi Investment Authority (ADIA) of the United Arab Emirates (UAE) is keen on investing in various projects in Vietnam and is ready to help Vietnam build and develop investment funds, according to managing director of ADIA Sheikh Hamed…
Top Vietnam leader visits Mariel Special Development Zone in Cuba
A high-ranking Vietnamese delegation led by Party General Secretary and State President To Lam visited the Mariel Special Development Zone (ZEDM), the first free trade and export processing zone of Cuba, on Thursday morning (local time) as part of his…
Vietnam says SpaceX’s Starlink plans $1.5 billion investment
SpaceX is proposing to invest $1.5 billion in Vietnam tied to its Starlink satellite service in the near future, the government said, citing a meeting between the company’s Senior Vice President Tim Hughes and the Communist Party’s General Secretary To…
Vietnam to launch investment incentives for semiconductor industry
Vietnam is set to introduce a robust incentive framework to selectively attract foreign investment into high-tech industries, particularly in the semiconductor and electronics sectors, to be backed by central and local government budgets.
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.
Da Nang sets its sights on becoming Vietnam’s semiconductor hub
Da Nang City, located in central Vietnam, is taking significant steps to establish itself as a key player in the semiconductor industry, showcasing its potential, strengths, and investment opportunities at the 2024 Da Nang Semiconductor Day.
Google considering large data centre in Vietnam, source says, in nation’s first by US big tech
Alphabet’s Google is considering building a large data centre in Vietnam, a person briefed on the plans said, in what would be the first such investment by a big U.S. technology company in the Southeast Asian nation.
Vietnam pushes for high tech as investors pivot from China
Official says Hanoi needs to boost labour force and power supply to draw semiconductor and AI industries
Fear not ? The economic impact of Vietnam’s political churn
Political stability is supposed to be one of Vietnam’s selling points, but its politics remain opaque and everything tends to come as a surprise.
Political upheaval in Vietnam is holding its economy back
Officials have become extremely cautious about signing off on public investment decisions – and foreign investors are taking note.
S. Korean president pledges to help Vietnam with semiconductor training
South Korean President Yoon Suk Yeol affirmed his country’s commitment to assist Vietnam in training the workforce for semiconductor and hi-tech industries, as well as developing the cultural industry, during his talks with Vietnam’s Prime Minister Pham Minh Chinh in…
Vietnam finalising plan for fund to attract foreign investment
Vietnam’s Ministry of Planning and Investment is finalising a draft plan to set up a fund to help attract foreign investment and maintain the country’s competitiveness, according to a ministry document reviewed by Reuters.
Vietnam’s great untapped rare earth bounty
US wants to help develop Vietnam’s rich rare earth reserves to decouple from China but that’s not likely to happen anytime soon.
‘Burning furnace’ purge stoking new faith in Vietnam
Communist Party leader Trong’s anti-corruption campaign has spared none in high-stakes drive that should ultimately cheer foreign investors.
Vietnam’s FPT to invest $200 mln in AI factory using Nvidia chips
Vietnam’s top tech firm FPTplans to build a $200 million artificial intelligence (AI) factory using Nvidia’s graphics chips and software, the two firms said on Tuesday.
Apple says it wants to spend more on suppliers in Vietnam
Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant’s CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to increase spending on suppliers in…
Apple announces investment in Vietnam as Tim Cook visits Hanoi
Apple CEO is expected to meet programmers, students and content creators during two-day visit.
Will Vietnam’s political turmoil shake up foreign investment ?
The president’s abrupt resignation suggests uncertainty, but it should not sow doubt about Hanoi’s economy or engagement with the world.
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.