lg electronics to convert haiphong smartphone production line to home appliances

LG Electronics to convert Haiphong smartphone production line to home appliances

LG Electronics Inc. is changing its overseas smartphone manufacturing lines into facilities that produce home appliances. The conversion will also take place at the group's Haiphong factory.
manufacturers localise supply to circumvent chip shortages

Manufacturers localise supply to circumvent chip shortages

A global chip shortage is creating more pressure for manufacturers in Vietnam as they deal with slowed-down production for electronics and tech products, while local and overseas players are racing to prepare new premises for the production of much-needed supply.
vinsmart withdraws from smartphone and television market

VinSmart withdraws from smartphone and television market

VinSmart of Vingroup officially stopped researching and manufacturing televisions and smartphones to focus resources on developing electronic products and infotainment systems for VinFast cars.
toshiba carriers world first inverter air conditioners honoured as ieee milestone

Toshiba Carrier’s world-first inverter air conditioners honoured as IEEE milestone

The world's first inverter split air conditioners that Toshiba Carrier Corporation developed and mass-produced for commercial and residential applications in 1980 and 1981, respectively, have been officially recognised by the Institute of Electrical and Electronics Engineers (IEEE), the world's largest technical professional society, as an IEEE Milestone for the historic significance of the achievement in electrical and electronics fields.
xiaomi posts outstanding business results in first quarter

Xiaomi posts outstanding business results in first quarter

Xiaomi announced its business figures for the first quarter of 2021 with remarkable achievements in the Vietnamese market and globally.
ibm unveils worlds first 2nm chip technology for semiconductors

IBM unveils world’s first 2nm chip technology for semiconductors

Global tech giant IBM today unveiled a breakthrough in semiconductor design and process with the development of the world’s first chip featuring 2 nanometer (nm) nanosheet technology.
samsung electronics vietnam to purchase renewable energy directly from producers

Samsung Electronics Vietnam to purchase renewable energy directly from producers?

Samsung Electronics Vietnam has requested the Vietnamese government for authorisation to directly purchase renewable energy from producers.
inadequacies in employee governance at foreign companies

Inadequacies in employee governance at foreign companies

While the number of strikes and employees halting work has been reducing at foreign-invested enterprises, there are still cases of abject mistreatment – even at some of the largest names in the industry.
korean firms look to invest in auto parts industry in vietnam

Korean firms look to invest in auto parts industry in Vietnam

Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vu Ba Phu, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).
lg refuses to sell haiphong smartphone plant

LG refuses to sell Haiphong smartphone plant

Despite shutting down its smartphone business due to long-term losses, LG Electronics Vietnam refuses to find a buyer for its Haiphong smartphone factory for $90 million.
lg electronics looking for buyer for smartphone plants

LG Electronics looking for buyer for smartphone plants

South Korean technology giant LG Electronics is shutting down all smartphone plants and is beginning to look for buyers.
first quarter growth fairly impressive

First-quarter growth fairly impressive

Although economic growth in this first quarter was slower than the scenario set out in Resolution No. 01/NQ-CP dated January 01, 2021, Pham The Anh, chief economist from the Vietnam Institute for Economic and Policy Research under Hanoi National University’s University of Economics and Business, shares why this growth was truly encouraging.
dreary times persisting for appliance retailers

Dreary times persisting for appliance retailers

The pandemic has without a doubt been a real challenge for any consumer business. However, the health crisis may not have been the deciding factor in the declining stored-based electronics and home appliances retail segment as e-commerce services’ share has been continuously on the rise. 
seagate ironwolf nas drives arrive just in time for a data led covid 19 recovery

Seagate IronWolf NAS drives arrive just in time for a data-led COVID-19 recovery

Seagate Technology, a world leader in data storage and management solutions, announced an update to the IronWolf Pro Network Attached Storage (NAS) drive line, aimed at home and small office environments, with a new 18TB capacity HDD.  
workers feel brunt of corporate issues

Workers feel brunt of corporate issues

Employees who believe they are being treated unfairly have been encouraged to seek advice regarding their rights as major foreign-invested companies and their workers feel the strain of pandemic-related woes over the past year.