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.
Manufacturing
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.
On the morning of November 14, the Provincial People's Committee awarded the investment certificate of the Creanza high-tech quartz sand processing plant project. Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Nguyen Van Phuong chaired the meeting.
Thai Nguyen Provincial People's Committee has just made a decision to establish the Diem Thuy Industrial Cluster with a total investment capital of over 526 billion VND, with an area of 44 ha.
Apple's assembly partner, Luxshare ICT, has just registered to increase its investment capital to 504 million USD in Bac Giang.