The world’s biggest electronics contract manufacturer, Foxconn, is studying the possibility of setting up a $40-million TV screen production plant in northern Vietnam.
Several major retailers of mobile phones and home appliances have taken Asanzo-branded items off their supermarket shelves, after Asanzo Vietnam was discovered trading Chinese electronic products bearing Made-in-Vietnam labels, the local media reported.
Once the television assembly factory of Foxconn in the northern province of Quang Ninh comes into operation, it will generate 3,000 jobs and become a basis for its continued expansion.
Market research firm Kantar Worldpanel predicts the Vietnamese fast-moving consumer goods (FMCG) sector will see a positive performance in Hanoi, Danang, HCMC and Can Tho and an acceleration of progress in rural areas over the long term.
As a world technology giant, Sweden’s Ericsson has been supporting Vietnam’s vision of leveraging science, technology, and innovation to drive the next wave of hi-tech foreign direct investment. With recent new agreements, the group is looking to fuel the Vietnamese government’s aim of growing the digital economy and driving the next wave of socio-economic development in 2020-2030.
Vinh Tan 2 solar power plant, worth VND986 billion (US$42.3 million), began commercial operation in the south central province of Binh Thuan on Saturday.
More Vietnamese businesses should pursue trade with Africa which has high demand for products that are Viet Nam's strengths, according to the Ministry of Industry and Trade's West Asian-African market office.
Japan’s Marubeni Corporation has announced it will build a $115-million instant coffee production plant in the southern province of Ba Ria-Vung Tau.
As part of an exposé that discovered Asanzo Vietnam importing Chinese products and disguising them as locally made merchandise for sale, Tuoi Tre (Youth) newspaper witnessed first-hand the process of assembling China-imported parts into finished products labeled as “made in Vietnam with Japan technology” inside a ‘manufacturing’ plant of the electronics firm.
AEON Co., Ltd. plans to develop another shopping mall in Hanoi with the total investment capital of $280 million, increasing the total number of its malls in Hanoi to three.