DEEP C Industrial Park Late last month, Taiwanese laptop maker Compal Electronics organised a field trip to WHA Industrial Zone 1 in the central province of Nghe An, as well as DEEP C Industrial Park in the northern province of Quang Ninh, to explore the possibility of expanding operations in Vietnam. Compal’s new plan follows its first production base in the northern province of Vinh Phuc which launched in May 2021. The move by Compal, a Fortune 500 company, is expected to help encourage more opportunities for electronic component manufacturers to become its vendors. Moves like this in electronic component production come thanks to the shifting of global technology groups from China to Southeast Asian countries, including Vietnam. According to a survey over US businesses by the American Chamber of Commerce in China released in May, if COVID-19 controls persist for the next year, more than half of respondents said they would reduce investment in China. Duong Nguyen Binh, … [Read more...] about Domestic suppliers backing up foreign manufacturers
Compal
Top groups carving out new spaces
“The next few years will show that Vietnam is becoming a major aviation hub and a partner for our industry. So Boeing is determined to be a bigger part of the story in Vietnam,” said Michael Arthur, senior vice president of Boeing and president of Boeing International. Last August, Boeing opened its first representative office in Hanoi, led by Michael Nguyen, country manager of Boeing Vietnam, to support the group’s growth objectives across its commercial aeroplane and services businesses. In 2007, Boeing supplier MHI Aerospace Vietnam opened an aeroplane-related manufacturing facility in Hanoi. In 2014, MHI delivered the 1,000 th set of 737 inboard flaps produced in Vietnam and also celebrated its investment in a newly-expanded facility. Boeing 777 and 777X doors are also assembled at this facility. And over a decade ago, Nikkiso Japan also opened a facility near Hanoi producing Boeing components. “We have suppliers from businesses in Vietnam that work with us … [Read more...] about Top groups carving out new spaces