Vietnam singapore industrial park companies

Hanoi (VNA) - The Hoa Lac Hi-Tech Park in Hanoi has attracted 93 investment projects with registered capital of more than 90.25 trillion VND (3.9 billion USD) so far, including more than 7.95 trillion VND in investment approved last year, the Ministry of Science and Technology has said. Of particular note, several outstanding hi-tech products have been developed and manufactured at the park, including 5G smartphones and 5G network equipment made by Vinsmart in cooperation with Qualcomm, marine radars using 4G and 5G technology made by Viettel, and aircraft engine components and hi-tech cutting tools for the aerospace industry made by Hanwha. At a recent conference of the park’s management board, Minister of Science and Technology Huynh Thanh Dat highlighted the Party and Government’s policy of building it into a science and technology city and a smart ecosystem for science-technology development, to contribute to national development. To promote its development, he asked … [Read more...] about 3.9 bln USD channelled into Hoa Lac Hi-Tech Park

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

The latest report from Savills Vietnam said that big manufacturers, including Sharp, Nintendo and Komatsu from Japan, and Lenovo from Hong Kong, have announced plans to relocate to or expand production in Vietnam. Su Ngoc Khuong from Savills Vietnam said that the Prime Minister’s decision on supporting and expanding industrial property for foreign investors to join the real estate market is a positive factor. … [Read more...] about American corporations relocate to Vietnam as costs rise in other locations

Hanoi (VNA) - Myanmar earned over 2.02 billion USD from the export of finished industrial goods over the first three months of the present fiscal year (FY) 2020-2021 which started in October. As of January 15, the finished industrial goods or manufacturing goods sector topped the list with the most export value, followed by agriculture and mineral sectors among others, Xinhua news agency quoted Myanmar’s Commerce Industry as saying. This year FY's figures decreased by over 1.03 billion USD, compared to the same period of FY 2019-2020 when it registered over 3.05 billion USD. During the period, the country's export totaled over 4.3 billion USD while its import shared over 4.56 billion USD, resulting in a trade surplus of 230 million USD. Myanmar mainly exports agricultural products, animal products, marine products, minerals, forest products, manufacturing goods and others to foreign trade partner countries. About 80 percent of the country's external trade is done through … [Read more...] about Myanmar earns over 2 bln USD from industrial exports

Statistics showed that last year, five groups of products enjoying the largest export turnover to the US included garment-textile, accounting for 24 percent of total shipments, with footwear (11 percent), mobile phones and components (15 percent), computers and electronic products (10 percent) and wooden products (9 percent). … [Read more...] about Vietnam-US friendship thrives after a quarter of a century