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Vietnam is expected to see a new foreign direct investment (FDI) wave as more foreign companies plan to move investment into the country. The US-China trade has triggered the trend of shifting production lines from China to Southeast Asia and other markets, including Vietnam which was seen as a promising destination. Meanwhile, many countries are fighting against the Covid-19 pandemic while Vietnam has basically controlled the disease, while maintaining its economic growth momentum. Pegatron, Amazon and Home Depot have started recruiting and seeking to open new supply chains with Vietnam being among potential markets.Other US giants like Google and Microsoft have announced their plans to relocate their production facilities of new phones, personal computers and some other devices from China to Southeast Asia with factories in Vietnam and Thailand expected to be the beneficiaries, the Nikkei Asian Review reported.Microsoft is scheduled to start producing its Surface line, including … [Read more...] about More giant foreign firms plan to shift investment into Vietnam

In a recent report, Pyn Elite Fund said “an ownership tussle in the company opened a window of opportunity for our sell-out”. With about 3.6 million euro (US$4 million) in cash from the deal, the fund said it booked a slight loss from the deal. … [Read more...] about Savico appoints new management board amid foreign divestment

VCCI’s survey conducted earlier this month revealed that 55 per cent of firms would maintain their operation scale in the third quarter of this year, 22 per cent planned expansion while only 21 per cent would narrow their business. VCCI said that the trend was better than the findings a month ago. … [Read more...] about Gov’t to boost firms, private investment to accelerate post-pandemic growth

Within the framework of the project, BIMEDTECH manufactured three pilot lots of 1,000 chipsets each under close cooperation and quality testing of leading units in the diagnosis and treatment of blood, lung and heart disease, such as the National Institute of Hematology and Blood Transfusion and the National Lung Hospital. BIMEDTECH will pilot the production of 30,000 chipsets for diagnosis and screening of congenital hemolytic, 10,000 chipsets for identification of 17 atypical tuberculosis strains and 10,000 Clopidogrel-resistant diagnostic chipsets. … [Read more...] about Vietnamese firm pioneers manufacture of diagnostic biochips

Workers work at a Samsung plant in Vietnam. Photo: T.V.N. / Tuoi Tre Despite some companies’ willingness to charter private flights to bring their experts to Vietnam to ensure COVID-19 safety, they are told to wait for another two weeks, the representative complained. … [Read more...] about Firms face maze of regulations getting key foreign experts into Vietnam