Foreign invested companies in southern vietnam

A low-cost preschool in the southern province of Dong Nai has become a trusted place for factory workers to send their children since the 2013-2014 academic year for its environmentally-friendly design and high-quality education. Last December, Nhung Bong Hoa Nho (Little Flowers) Kindergarten, established in the provincial capital of Bien Hoa by Taiwanese-invested Pouchen Vietnam Company, received a green building certificate from the Vietnam Green Building Council. The council, which is a program begun by California-based non-profit Green Cities Fund, Inc., aims to raise awareness and build capacity for the development of green buildings in Vietnam. Nhung Bong Hoa Nho applies green solutions like recycling material and water and using solar-electric systems to heat water in order to help the school save energy, as well as to educate kids on energy saving from an early age. The clover-shaped school cost more than VND60 billion (US$2.8 million) and features vines in the classroom … [Read more...] about Taiwanese firm builds low-cost preschool for workers’ children in southern Vietnam

Workers at the New Wing Interconnect Technology Co. (Photo: bacgiang-iza.gov.vn) Hanoi (VNA) - Singapore-invested New Wing Interconnect Technology Co. in the northern province of Bac Giang has raised the investment capital of its project by 110 million USD. With the latest addition, the plant, which manufactures headphones and wires, will have total investment capital of 210 million USD, becoming one of the largest foreign-invested projects in Vietnam in the first two months of this year, baodauthau.vn reports. Covering more than 60,000sq.m in the Van Trung Industrial Zone, the plant manufactures nearly 225 million products each year. In the two-month period, Bac Giang lured 125 million USD in foreign investment capital (FDI), ranking 12th among 63 localities nationwide in terms of FDI attraction, statistics from the Foreign Investment Agency showed. [FDI up 2.5 times in first two months of 2019] As of February, the province was home to 434 foreign-invested projects, with … [Read more...] about Singapore headphone firm ups investment

The revision of the size of Vietnam’s gross domestic product (GDP) for 2011-2017 is in line with international practices and serves as a foundation for the country's development path in the next 10 years, an official has said. Chief of the General Statistics Office Nguyen Bich Lam Chief of the General Statistics Office Nguyen Bich Lam made the statement at a seminar in Hanoi on December 13 to announce the results of the revision of the size of Vietnam’s gross domestic product (GDP) for 2011-2017. “As Vietnam is developing a 10-year socio-economic development strategy for 2021-30 and a five-year plan for 2021-25, it (the revision) will help the Government address the country’s future path in 5-10 years,” he told the seminar. Lam announced the revision resulted in an averaged enlargement of 25.4 percent annually of Vietnam’s economy in 2010-2017 compared to previous data, an increase of 935 trillion VND (40.5 billion USD) in GDP per year. Of … [Read more...] about Vietnam revises GDP in line with international practices

  The AHK publicises a report on German firms worldwide (Photo: VietnamPlus)   Hanoi (VNA) – Compared to other regional countries, Vietnam has received special attention from German businesses and become a magnet for investment in the medium term. The AHK World Business Outlook (AHK WBO) was conducted by the Association of German Chambers of Commerce and Industry (AHK), with the participation of German entrepreneurs in Vietnam. It showed that Vietnam is a top investment destination for German businesses with high expectations of economic development in the medium term. German enterprises are optimistic about their businesses as well as the prospects for growth in the next year, despite the instability of the global economy due to trade tension, the outlook said. [Germany helps improve Vietnam’s SMEs via innovation programme] Representatives of as many as 77 percent of German businesses in Vietnam said their business is better this year, much higher than the … [Read more...] about Vietnam remains attractive investment destination for German firms

Vietnam has become an appealing investment destination for international textile and garment enterprises, as Vietnam’s apparel sector is expected to continue to register strong growth in the coming years. Visitors inspect equipment in the apparel sector at the 2019 Saigon Tex & Saigon Fabric Specifically, more than 1,000 suppliers from 24 countries and territories, including China, France, Germany, Japan, Singapore, the United Kingdom and Thailand, are participating in the 2019 Saigon Tex and Saigon Fabric exhibitions, the two events in the textile and garment industry held concurrently at the Saigon Exhibition and Convention Center in HCMC’s District 7 from April 10 to 13. There are 100 more exhibitors this year, than in 2018. Most of them agreed that Vietnam, a leading exporter of textiles and garments, is a promising market for suppliers of apparel materials and equipment. According to data from the General Statistics Office, Vietnam exported US$7.3 billion worth … [Read more...] about Vietnam’s apparel sector increasingly attractive to foreign investors