The Hanoitimes - These projects are expected to create 22,500 direct jobs and manufacture products that are supplied to Microsoft, Sony, Lenovo and Apple. Taiwan-based Pegatron, manufacturing partner of the world’s major tech firms such as Microsoft, Apple or Sony, has plans to invest US$1 billion to build a manufacturing complex at Nam Dinh Vu industrial park in the northern city of Hai Phong, according to a report from the Ministry of Planning and Investment (MPI). Taiwan-based Pegatron is set to invest US$1 billion to build a manufacturing plan in Vietnam. Following the report, the investment would be channeled into three projects which are: The first one is the Pegatron Vietnam 1 that will have an investment of US$19 million. The project already acquired investment license from the Management Board of Hai Phong economic zone on March 17. For the Pegatron Vietnam 2 (US$481 million), the investor is currently applying for an investment license. The Pegatron Vietnam 3 (US$500 million) is scheduled to be implemented in the 2026 – 2027 period. Meanwhile, Pegatron is also planning to move its R&D center from China to Vietnam in an appropriate time which should be around the realization of the Pegatron Vietnam 3 in 2026 – 2027. At present, the Taiwanese firm is submitting a proposal of the Pegatron Vietnam 2 to the Management Board of Hai Phong economic zone. Once completed, the plant would produce household appliances, computers, phones, electronic components, among others. These projects are expected to create 22,500 direct jobs and contribute around VND100 billion (US$4.31 million) to the state budget per year. With the move, Pegatron would join Apple’s two other iPhone assemblers -- Wistron Corp. and Hon Hai Precision Industry Co. -- in developing manufacturing facilities or building extra capacity in Vietnam. The report also revealed that the MPI is working with Universal Global Technology, a member of ASE …
Sony c 38b
Young man and his splendid home-based antique exhibition
Mr. Nguyen Tan Hieu, 34, in Binh Thuy district, Can Tho city has acquired a collection of around 200 valuable vintage cassettes, radios, and over 100 old kerosene lamps. The much-admired collection on display in every nook of Hieu's house. The vast array of antiques captures the attention of passersby despite the house being located in a little alley on Bui Huu Nghia street (Binh Thuy district). The majority of cassette players and radios here date back to a few decades ago, even more than half a century, but are still surprisingly new-looking and functional. To demonstrate, Hieu even switched on VOV1 (Voice of Vietnam) channel from a radio produced in the 1950-1960s, and the sound was strikingly smooth and clear. The quirky perennial machines originating in Japan, the US ... from big brands like National, Panasonic, and Sony were all manufactured between 1955 and 1975. Many phonographs, vinyl records and other items. From all over the country also massively contribute to Hieu’s captivating collection which he has sweated blood for. Mr. Hieu remarked that though modern electronic audio equipment is of very high quality, the retro style machines, particularly the signature sound produced from vintage cassette players, for ever has his heart. Radio and cassette players obtained by the sweat of Hieu's brow. “I have been passionate about collecting cassettes since I was a school boy. Back then before the digital age took over, people listened to music via cassettes or radio stations, which I feel immensely nostalgic for. Even a simple dysfunction calling a halt to my contemplation could completely cast a shadow over my day,” Hieu recalled. The devotion he has to classical cassette players burgeons every passing day, so handsomely that it became a part of him, making him expend his energy and …
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Vietnamese enterprises face risks of being acquired at low prices
The Hanoitimes - Under the severe consequences of the pandemic, local enterprises are put into a more vulnerable position and become easy target for foreign companies. As the disruption to global supply and value chains could not be immediately addressed amid the complicated progression of the Covid-19 pandemic, Vietnamese enterprises are facing the risks of being acquired at under market prices, according to Minister of Planning and Investment Nguyen Chi Dung. Data: FIA. Graphic: Nguyen Tung. The situation comes as a direct result of M&A activities which are set to intensify in the coming time, Dung noted at a national online conference on May 9. Countries, especially those heavily impacted by the pandemic, are looking at measures to reduce their reliance on one single market, Dung added. Such a trend causes foreign-invested companies to restructure their sources of input materials and look for new investment destinations based on new criteria of cost-efficiency, safety and sustainability, Dung said. Under the severe consequences of the pandemic, local enterprises are put into a more vulnerable position and become easy targets for foreign companies looking to penetrate the Vietnamese market. Instead of taking time to register new establishments, there have been cases of foreign investors investing via capital contribution at local firms, a practice also known as merger and acquisition (M&A). Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment revealed in the first four months of 2020, while the number of fresh FDI projects in Vietnam declined by 9.1% year-on-year, projects received capital contribution from foreign investors soared 32.9% year-on-year to 3,210, representing a 3.3-time increase compared to freshly-licensed ones, but with only US$2.48 billion, down 65.3% year-on-year in value. Among the 3,210 projects, the foreign investors contributed capital to around 2,600 with a …
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