The Hanoitimes - Industry 4.0 will require Vietnam lots of efforts to tap its potential and Australian educational institutions get ready to make the goals attainable. Australia minister visits Vietnam for tighter economic, cultural ties Australia supports Vietnam in innovation Australia, with a strong education ties knotted with Vietnam over the past decades, has been active in supporting the preparations for the country’s high quality manpower in the Fourth Industry Revolution. Swinburne University of Technology and FPT University reach an agreement. Photo: FPT In recent years, the matured and diverse Vietnam-Australia relations, typically with the bilateral relationship elevated to a Strategic Partnership, has encompassed cooperation on a wide range of issues, including education. Accordingly, Australia has intensified its support to Vietnam through a specific Memorandum of Understanding (MoU) on vocational education and training as well as a … [Read more...] about How Australia prepares manpower for Vietnam in Industry 4.0?
Vietnam key industries
A factory in the Chu Lai-Truong Hai Industrial Complex – a support industry zone that is expected to increase the localisation rate of the Vietnamese auto industry.-VNA/VNS Photo Danh Lam However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating in regional and global production networks and value chains, equal to the leading countries in ASEAN 4 by 2030. In fact, it is not easy to achieve this target. Statistics from the MPI show that Vietnam has only 21 per cent of small- and medium-sized enterprises (SMEs) participating in global value chains, while this figure in Thailand is over 30 per cent and Malaysia is 46 per cent. Therefore, in order to improve rankings in ASEAN, it is certain that Vietnamese enterprises must “go … [Read more...] about Vietnam support industries striving to improve
The Hanoitimes - While Hon Hai did not indicate the move was related to orders for Apple, in a separate filing the Taiwanese manufacturer said it was selling on the Vietnamese land rights to a unit of Hong Kong-listed FIT Hon Teng, an iPhone cable and connector maker Foxconn controls. Taiwanese tech giant ASUS ponders Vietnam for production relocation Vietnam faces labor shortage due to China’s relocation production Apple supplier plans to shift production from China to Vietnam Key Iphone assembler Hon Hai Precision Industry, known as Foxconn Technology Group, has paid US$16.5 million to Fuhua Company for the right to use 250,000 square meters of land in an industrial park in Vietnam’s northeastern Bac Giang province for operation and sales, Bloomberg reported. Illustrative photo. Previously, the company had injected up to US$213.5 million into an Indian unit between September and January for “long-term investment”, indicating Hon … [Read more...] about Iphone assembler Hon Hai acquires land worth US$16.5 million in Vietnam’s industrial parks
The Hanoitimes - No industrial zones are deep inland and the key ones are tied with seaports, underpinned by increasing investment in infrastructure. Hanoi prepares for new investment inflows to industrial parks HCM City’s industrial parks lure more and more investment Foreign investors commit US$8.3 billion into Vietnam's IPs, EZs in 2018 Vietnam PM urges Singapore’s Sembcorp to build more industrial parks Vietnam’s industrial parks are considered an appealing investment destination for various reasons including geographical advantages, close proximity to China, and enabling road transport, according to Viet Dragon Securities Company (VDSC). Illustrative photo. In addition, no industrial zones are deep inland and the key ones are tied with seaports, underpinned by increasing investment in infrastructure. The ease of doing business considerably improved as Vietnam leaped 24 grades to rank 69th in three years according to the World … [Read more...] about Vietnam’s industrial parks considered attractive amidst China-US trade dispute
JETRO Chief Representative in Vietnam Takimoto Koji (Source: sggp.org.vn) Hanoi (VNA) – About 70 percent of Japanese investors in Vietnam want to continue investing or expand their investments, meaning Vietnam is an important destination for them, according to a representative of the Japan External Trade Organisation (JETRO). JETRO Chief Representative in Ho Chi Minh City Takimoto Koji shared the figure in an interview with Cong Thuong (Industry and Trade) newspaper. In 2017, Japan was the biggest foreign direct investor of Vietnam, posting a record figure of 9.11 billion USD. In the first 11 months of 2018, the country kept its top spot with nearly 8 billion USD, more than a quarter of the total foreign capital poured into Vietnam during the period. According to Takimoto, 65.1 percent of the Japanese businesses in Vietnam are profitable. He said Japanese goods have an increasing presence in the Vietnamese market, with Japanese firms’ foreign expansion receiving … [Read more...] about Japanese firms consider Vietnam key investment destination