Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Director of Finance Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi […]
Read MoreAs global laptop manufacturers are shifting production out of China, Southeast Asian countries like Vietnam are repositioning to benefit, although some hurdles will have to be addressed for Vietnam to become a new laptop manufacturing hub. Hon Hai Precision Industry Co., Ltd., a unit of Foxconn, the world’s biggest contract electronic manufacturer, was granted an […]
Read MoreThe Hanoitimes – The Covid-19 pandemic are prompting major rice buyers including the Philippines and African countries to turn to Vietnam, while there has been a growing demand for rice in Asia. Vietnam Food Association (VFA) expected the country to export more than six million tons of rice in 2021, citing high global demand as a […]
Read More2020 is a tough year for Vietnam, yet the economy has reaped remarkable achievements. Experts have been optimistic about Vietnam’s economic growth in 2021. 2020 was a remarkably difficult year. COVID-19 hit all socio-economic sectors throughout Vietnam. The country also battled one of the century’s worst droughts and just recently reeled from the worst floods […]
Read MoreThe Hanoitimes – Manufacturing could be the main driving force that helps Vietnam to become one of the fastest growing economies in Asia in 2021. Vietnam’s GDP growth is set for a strong rebound to 7.8% in 2021 from last year’s economic growth of 2.9%, according to Standard Chartered. Manufacturing could be the main driving force […]
Read MoreThe Hanoitimes – Revenue from online shopping accounts for 5.5% of the country’s total merchandise retail and service industries, according to the Ministry of Industry and Trade. Vietnam’s e-commerce revenue will likely reach US$52 billion, re-accelerating to nearly a 29% compound annual growth rate, keeping the third position in the ASEAN region by 2025. The figures […]
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