Hot news
Casting has become a growth industry in Vietnam, and new factories are being built one after another. The level of equipment and quality control is improving year by year, and many companies have realized overseas exports. On the other hand, there are also issues such as dependence on imports of raw materials and underdeveloped domestic infrastructure. This report details Vietnam's developing foundry industry.
On November 17, Mr. Dang Xuan Truong, Member of the Provincial Party Committee, Standing Vice Chairman of the Provincial People's Committee attended the Inauguration Ceremony of Dowooinsys Vina Factory invested by Dowooinsys Vina Co., Ltd. in Song Cong Industrial Park II.
BOE Group is the largest liquid crystal display manufacturer in China, a partner of Samsung and Apple.
Apple's assembly partner, Luxshare ICT, has just registered to increase its investment capital to 504 million USD in Bac Giang.
Manufacturing News
See allHitachi Energy celebrates 30 years of presence in Vietnam with an important milestone - inaugurating a modern transformer factory in Tien Son industrial park, Tu Son district, Bac Ninh province.
On December 3, Ha Sy Dong, Executive Vice Chairman of Quang Tri Provincial People's Committee, announced that the province has planned to start construction of the Quang Tri Industrial Park Project (VSIP Quang Tri) on December 15.
The entire industrial production index in November was estimated to increase by 3% compared to the last month and by 5.8% compared to the same period last year.
Business News
See allOn December 3, Prime Minister Pham Minh Chinh met with Robert Helms, a Member of the Board of Directors of Copenhagen Infrastructure Partners (CIP), and Ian Hatton, Chairman of Enterprize Energy Group (EE).
In the 11 months of 2023, the whole country had more than 146 thousand newly established enterprises with a total registered capital of 1,336.2 trillion VND.
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See allIn the context of the current economic recession, Vietnam is still considered an attractive destination for foreign investors, both in terms of building or expanding factories here, with the expectation that Vietnam will become an important production base in the global supply chain. As a result, more and more local auto equipment suppliers appeared, able to compete with foreign enterprises. However, these units mainly provide only one individual part of the factory system, such as roller-conveyor lines, automatic machines, delivery robots, or software, etc.
Expert Column
See allThis article, "10 principles for improving production cost," continues the research findings and experience of P&Q Solutions in consulting, training, and the processes that guide our improvement, lean transformation, and capacity building programs from the previous article.
Improving production costs is becoming an increasingly important issue in the global manufacturing supply chain in the context of increasing competition and increasing fragmentation in the value chain of the supply chain - there , production is always at the bottom of the value chart.
In the typical cost structure of a supporting industry enterprise, raw materials can contribute 50% - 60%. According to the 80-20 principle, this is a key point in the management and improvement of costs of manufacturing enterprises.
Market Report
See allCasting has become a growth industry in Vietnam, and new factories are being built one after another. The level of equipment and quality control is improving year by year, and many companies have realized overseas exports. On the other hand, there are also issues such as dependence on imports of raw materials and underdeveloped domestic infrastructure. This report details Vietnam's developing foundry industry.
In the context of increasingly evident climate change and increasingly severe pressure from environmental pollution, reducing emissions has become one of the top priorities for countries around the globe. Vietnam, as one of the rapidly growing economies in Southeast Asia, is also trying to integrate into this race.
The automobile industry is one industry that receives many incentives from the government to promote the industry's development.