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Keep up to date with the latest developments in Vietnam. Hanoi has a new chip development centre Delegates attend the opening ceremony of new chip development center. Photo: Infineon Technologies German semiconductor solutions provider Infineon Technologies announced on May 31 the establishment of a new chip development center in Vietnam's capital city of Hanoi. The center will focus on testing and customizing digital and analog signal circuits to support applications such as autonomous driving, battery monitoring, and balancing. The new office is expected to employ around 25 technical experts by the end of this year and will report to Infineon Technologies Vietnam, a subsidiary of Infineon Technologies Asia-Pacific. The center is expected to play a key role in Infineon's growth plans for its design and support services business. First ICHAM CUP Golf Tournament runs until August 7 The first ICHAM CUP golf tournament, organized by the … [Read more...] about Vietnam News Highlights for June 1, 2023

According to recent statistics, foreign direct investment (FDI) disbursement in Vietnam in 2022 reached a record of $22.4 billion, an increase of 13.5 per cent on-year. Peter Ryder - CEO at Indochina Capital Vietnam’s attractive geographical location, ample supply of young and skilled labourers, and a consistent track record of high-performing economic growth have contributed to the country’s success in attracting FDI. Additionally, the Vietnamese government has implemented attractive incentives, making the country a desirable destination for foreign investors. One notable example of FDI in Vietnam’s high-tech sector is Samsung, which has invested heavily in the country. In December 2022, Samsung opened Southeast Asia’s largest research and development centre in Hanoi, with an estimated cost of $220 million. The company also announced plans to increase funding in Vietnam from $18 billion to $20 billion. Moreover, the Samsung Electro-mechanics Vietnam project … [Read more...] about Insights garnered in high-tech FDI

River Tales is a four-minute short documentary produced by Coca-Cola about The Ocean Cleanup’s Interceptor technology in the Mekong region, shining a light on how plastic pollution is impacting the Can Tho River and the opportunity to make a tangible difference through technology and community action. The Interceptor Original is the first scalable technology solution to prevent plastic from entering the world’s oceans from rivers, and after years of planning, Interceptor 003 was first launched into the Can Tho River in December 2021 and is operated by the Department of Natural Resources and Environment of Can Tho City. Positioned downstream from the popular Can Tho floating market, the Interceptor has collected an estimated 120 tonnes of waste in its first year of deployment. A scene from the "River Tales" film. Photo by Coca-Cola Beyond financial support, Coca-Cola has contributed to The Ocean Cleanup in Vietnam including driving on-the-ground awareness of the … [Read more...] about Coca-Cola celebrates one year anniversary of Mekong cleanup project

The clearance of 200-300 coal wagons per day via the La Lay border gate in the central province of Quang Tri is being deemed impractical, affecting Logistics PTS Vietnam’s future aim of importing five million metric tonnes of coal annually. “Transportation and warehouse infrastructure is scarce, and so we can only remove about 100 vehicles per day,” said PTS general director Nguyen Quang Huy. According to him, if Vietnam fails to strengthen infrastructure, improve National Highway 15D, and invest in warehouses, it will miss the chance to compete with Thailand in purchasing coal from Laos. In February, Laos’ energy ministry announced findings of coal field surveys in the provinces of Sekong and Saravane, indicating that reserves may be as high as 500 million MT. Coal still with part to play in energy mix, Source: evn.com.vn Vietnam may experience a power scarcity if the availability of coal becomes constrained. According to Electricity of Vietnam (EVN), the total … [Read more...] about Coal still with part to play in energy mix

e27, a tech and startup media platform in Asia, has announced the launch of this two-day event, taking place on June 14-15 at Singapore EXPO. With over 100 international speakers, the summit aims to connect startups, explore business opportunities, and foster new tech investments in Southeast Asia. Vietnam's DIFISOFT and Hello3Dworld are among the top 100 startups participating. Echelon's expert speakers will cover topics including Web3.0, Southeast Asia's rising stars, future sectors and investment trends, mergers and acquisitions, sustainability, and growth. Workshops, roundtable discussions, exhibitions, and networking sessions will further enrich the experience, offering abundant opportunities for startups and investors in the region. The previous Echelon Asia Summits have featured renowned figures from startups and venture capital firms such as Grab, Carro, Ninja Van, WeWork, Lazada, Shopback, and numerous others. The summit will mark the return of the TOP100 programme, … [Read more...] about Echelon Asia Summit 2023: Connecting Asia’s tech ecosystem for growth and innovation