National industry

The group currently operate three complexes across the country, which host approximately 190 companies, 90 per cent of which are Japanese manufacturers. In order to meet increasing demand, Sumitomo have decided to spend a total of JPY14 billion or US$130 million, to add roughly 181 hectares of land to the Thang Long Industrial Park II in Hung Yen province, increasing the total scale of the area to 525 hectares. This expansion will make the site one of the biggest Japanese industrial parks across the nation. The scheduled time for the expansion work is two years, with the project being completed in 2021 before opening to enterprises in 2022. Sumitomo is also poised to expand the Thang Long Industrial Park III, which was just completed in Vinh Phuc province last November. Once completing the first phase of the expansion plan in 2021, the industrial park’s overall size will be up by 104 hectares. Sumitomo had originally planned to accomplish the Thang Long Industrial Park … [Read more...] about Sumitomo plans expansion of industrial parks nationwide

Scene at the 2018 edition of the event (Source: laodong.vn) The summit will be chaired by leaders of the Party, National Assembly and Government with the participation of about 1,500 domestic and international delegates. On the sidelines, five symposiums, an exhibition on modern technologies, and a business matching event will take place. The summit aims to explain key polices of the Party and State on Vietnam’s participation in the 4th Industrial Revolution, pool domestic and foreign experts’ recommendations for such engagement, and connect international investors in the field with the Vietnamese business community. Some 85 percent of industrial enterprises in Vietnam still lag behind the Fourth Industrial Revolution (Industry 4.0), and only 13 percent are at the beginner level, according to Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research (VEPR). In a draft national digital transformation plan, Vietnam targets emerging as … [Read more...] about Vietnam Industry 4.0 Summit 2019 to run in early October

  Visitors are shown technologies used in the plastic industry at last year’s VietnamPlas in HCM City. This year’s event will be held from October 3 to 6. — Photo courtesy of the organisers HCM CITY — The Vietnam International Plastics and Rubber Industry Exhibition to be held in HCM City early next month will showcase the latest smart production solutions, advanced technologies and machinery and equipment used in the plastics and rubber industry. VietnamPlas 2019 will feature more than 520 leading suppliers from Austria, Australia, Belgium, China, Germany, Hong Kong, India, Italy, Japan, Malaysia, New Zealand, Singapore, South Korea, Switzerland, Taiwan, Thailand, the US, and Việt Nam. The 19th edition of the annual exhibition will showcase a series of high-quality automatic equipment such as plastic extruders, PET blow moulding machines, film blowing equipment, high-class injection moulding machines, and plastic recycling machines. Also on display … [Read more...] about Plastics and rubber industry expo attracts over 520 exhibitors

Vietnam’s industrial production in the first nine months of this year rose by 9.6 percent year on year. (Photo: tinnhanhchungkhoan.vn) Hanoi (VNS/VNA) – Vietnam’s industrial production in the first nine months of this year rose by 9.6 percent year on year, a four-year record, according to the General Statistics Office (GSO). The manufacturing and processing sector led the industry sector and the whole economy with an expansion of 11.4 percent, while mining grew slightly by 2.7 percent after months of reduction. Head of the GSO’s Industrial Statistics Department Pham Dinh Thuy said Vietnam’s manufacturing and processing sector had the highest growth rate among ASEAN nations. “The domestic manufacturing and processing industry grew steadily over quarters, including 11.5 percent, 10.9 percent and 11.7 percent in the first, second and third quarters, respectively, ”Thuy said. Among industries, several sectors recorded year-on-year growth, … [Read more...] about Vietnam’s industrial production hits four-year high

Nguyen Van Binh, Politburo member and head of the Party Central Committee’s Economic Commission delivers an opening speech at the event (Photo: VNA) The event is jointly held by the Party Central Committee’s Economic Commission, the Ministry of Information and Communications, the Ministry of Industry and Trade, the State Bank of Vietnam, and other relevant ministries and agencies. Upon addressing the opening ceremony, Nguyen Van Binh, Politburo member and head of the Party Central Committee’s Economic Commission, emphasized that Industry 4.0 is a major trend taking place worldwide that runs alongside the robust development of science and technology. Mr Binh added that digital technology has made significant changes to almost every sector, including production, business, culture, social life, national defense, and security. Over 40 countries and territories globally, including those from developing nations, have so far issued strategies and action plans relating … [Read more...] about Industry 4.0 Summit 2019 and international expo opens in Hanoi