Viet nam news

The first sample of chip made by FPT semiconductor. — Photo courtersy of FPT Viet Nam’s leading ICT company FPT Software has launched a new subsidiary, FPT Semiconductor, marking a key milestone for the company as it enters the booming semiconductor industry. Through the new subsidiary, FPT Software aims to gain a slice of Asia Pacific’s semiconductor market which accounts for 60 per cent of global sales. FPT Semiconductor released its first integrated circuits (ICs), designed in Viet Nam and manufactured in South Korea, in August 2022. These ICs will be used in Internet of Things (IoT) medical devices. By 2023, FPT Semiconductor plans to supply 25 million chips globally in seven types to meet diverse needs in telecommunications, IoT, automotive technology, energy, electronics, and others. According to a Technavio report, Viet Nam's semiconductor industry is estimated to exceed US$6.16 billion by 2024. FPT Semiconductor aims to become a supplier of Vietnamese brand chips for … [Read more...] about FPT Software produces made in Viet Nam chips

A business-to-business (B2B) trade event was organised last week to connect companies from South Korea's Gwangju Province and Vietnamese importers. — Photo courtesy of KOTRA Hanoi A business-to-business (B2B) trade event was organised last week to connect companies from Gwangju – the sixth-largest metropolis of the Republic of Korea (RoK) – and Vietnamese importers. During the five-day event held by the Korea Trade and Investment Promotion Agency (KOTRA Hanoi), Gwangju businesses introduced their products of strength, including cosmetics, food and medical supplies. Lee Dahye from Unique Medicare Co Ltd said such event offers a good chance for Korean firms, especially those that have never exported to foreign countries, to explore information about foreign partners. KOTRA Hanoi has been employing online trade promotion events thoroughly to strengthen trade connection between the RoK and Viet Nam. Head of KOTRA Hanoi’s office Tran Thi Hai Yen said as of mid-September, KOTRA … [Read more...] about Gwangju businesses and Vietnamese importers seek trade opportunities

Molex's manufacturing plant in Ha Noi. — Photo courtesy of the company Molex, a global electronics leader and connectivity innovator, is expanding its existing manufacturing operations in Ha Noi to include a new 16,000 square metre facility, the company has announced. The company expects the expansion will support over 200 new jobs in advanced high-tech manufacturing. Molex opened its first facility in the country in 2007. The expansion will help support the growing demand for its products that are used in many different applications, which include smartphones, TVs, home appliances, test equipment and medical devices, the company said in a statement. “Molex has operated in Viet Nam for 15 years and this expansion represents our long-term commitment to the country and the community,” said Joe Nelligan, CEO of Molex. “Expanding our manufacturing footprint in Ha Noi gives us added capability and capacity in the Asia Pacific region as we plan to grow with our customers and … [Read more...] about Molex expands its manufacturing plant in VN

MUSIC & PERFORMANCES Hanoi-Charity Classical Concert “Ryoma Quartet – New Life” Oct 9, 8 pm Concert hall, Vietnam National Academy of Music, 77 Hao Nam Street, Dong Da District From the organizer: Heading towards the 50th anniversary of the Japan – Vietnam diplomatic relation establishment, in the context where the relation between the two countries are seeing unprecedented growth both horizontally and vertically, Plando Vietnam and charity organisations hold the classical concert “Music night for Vietnamese children”, aiming to promote cultural exchange between the two countries, with all profit from ticket sales and donations sent to the fund “Building schools for children in the mountainous areas of Vietnam”. _______________________________________________________________________________ EXHIBITION Hanoi-In The Flow of Silk Until Oct 3 The Muse Artspace 47 Trang Tien Street From the organizer: Much like art in general, the flow of … [Read more...] about What’s on October 3-9/2022

A customer at an HDBank office in Ha Noi. The SBV raised the cap of credit growth quota for 15 banks including HDBank in early September. — VNA/VNS Photo Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run. The credit growth quota regime was officially deployed in 2011 when Viet Nam’s economy was experiencing hyperinflation stemming from excessive money supply. The credit growth quota regime, putting a cap on the banking industry’s credit expansion, was announced by the State Bank of Vietnam (SBV) at the beginning of each year. Based on the credit growth quota for the entire banking industry, the SBV will determine the credit growth for each commercial bank depending on its financial health, with indicators including capital, asset quality, governance, business … [Read more...] about Credit growth cap remains indispensable for macroeconomic stability

A representative of Vietnamese Embassy in Italy and Malta hands over a congratulatory letter from Deputy Foreign Minister Pham Quang Hieu to Nguyen Hoai Nam (right), president of the Association of Vietnamese in Malta. (Photo: VNA) Rome (VNA) – A cultural event entitled “Rendezvous with Vietnam in Malta” was held recently in Valletta city, Malta, on the occasion of the 77th National Day of Vietnam (September 2). Malta , aimed to introduce and enhance understanding of the Southeast Asian country. Association of Vietnamese in Malta was established in August this year with the goal of uniting the Vietnamese community in the country and preserving and promoting Vietnam’s traditional culture. VNA … [Read more...] about Event held in Malta to popularise understanding about Vietnam