foreign invested enterprises export turnover accounts for 73 per cent

Foreign-invested enterprises' export turnover accounts for 73 per cent

Foreign-invested enterprises (FIEs) contributed $259.95 billion out of Vietnam’s total export turnover of $355.5 billion in 2023, equalling 73.1 per cent.
foxconns shunsin technology to establish semiconductor subsidiary

Foxconn's ShunSin Technology to establish semiconductor subsidiary

ShunSin Technology is planning to open a subsidiary in Vietnam costing $20 million.
licence penalties incurred by foreign electronics groups

Licence penalties incurred by foreign electronics groups

A series of electronic component and telecommunications equipment manufacturers have been fined for flouting construction and environmental regulations.
foxconn subsidiary fined 22000 for flouting building regulations

Foxconn subsidiary fined $22,000 for flouting building regulations

Fushan Technology Vietnam Co., Ltd., a subsidiary of Foxconn, will have to pay a VND520 million ($22,000) fine due to proceeding with construction without the prerequisite licence.
electronics assemblers cashing in

Electronics assemblers cashing in

Foreign-invested manufacturers and assemblers of electronics products have generated big profits from Vietnam, which is the foundation for their consecutive expansion in the country.
foxconn earns 317 million in after tax profit in vietnam

Foxconn earns $317 million in after-tax profit in Vietnam

The world's largest contract manufacturer and assembler of electronics, Hon Hai Precision Industry Co., Ltd., trading internationally as Foxconn, outperformed its industry rivals last year, reportedly earning VND7.5 trillion ($317 million) in after-tax profit from its 16 Vietnamese plants.
fies in vietnam promote green energy growth

FIEs in Vietnam promote green energy growth

With recent power shortages stemming from increased seasonal demand, along with the growing appetite for electricity from commercial and residential developments, the need for a more reliable power supply has made Vietnam an attractive market for foreign investors to develop rooftop solar energy. This has been led by Vietnam's foreign-invested enterprises (FIEs) in the manufacturing sector, particularly the electronics, semiconductor, and textile industries
foxconn gains projects worth 246 million in quang ninh

Foxconn gains projects worth $246 million in Quang Ninh

Quang Ninh People's Committee has granted investment certificates for two Foxconn projects worth more than $246 million in Song Khoai Industrial Zone (invested by Thailand’s biggest industrial developer Amata) and Quang Yen Economic Zone.
greenyellow investing in new wings rooftop solar power system

GreenYellow investing in New Wing's rooftop solar power system

GreenYellow, a French energy management company, has signed a deal to invest in a rooftop solar power project for New Wing Interconnect Technology Co., Ltd., a fully owned subsidiary of Foxconn Group.
taiwans foxconn predicts huge growth in ai server business

Taiwan's Foxconn predicts huge growth in AI server business

Taiwanese tech giant and key Apple supplier Foxconn predicts three-digit growth for its artificial intelligence server business due to robust demand for AI products such as ChatGPT, its chairman said Wednesday.
luxshare set to thrive with new production line foxconns fate uncertain analyst

Luxshare set to thrive with new production line, Foxconn's fate uncertain: analyst

Tech expert reveals Luxshare's triumph on securing Apple's new production introduction, while Foxconn misses out.
vietnam striving for global value chain lift

Vietnam striving for global value chain lift

Vietnam is transforming into a manufacturing-oriented economy via its increasing participation in the global value chain, especially in manufacturing. Nevertheless, amid the post-pandemic reconfiguration, related policies need to be carefully aligned to the country’s development strategy.
boe technology group plans to invest 400 million in vietnam

BOE Technology Group plans to invest $400 million in Vietnam

The Chinese display manufacturer BOE Technology Group Co., Ltd. – a supplier for both Apple and Samsung – has plans to build two factories with a total investment capital of $400 million in Vietnam, according to information published by Reuters.
pcb producers ramp up investment

PCB producers ramp up investment

Printed circuit board manufacturers are increasingly investing in Vietnam for the expansion of global suppliers such as Foxconn, Qisda, and Luxshare.
vietnam pushes ahead in investment stakes

Vietnam pushes ahead in investment stakes

Foreign direct investment from Asia remains positive in Vietnam, with billions of US dollars pouring into the country over the past year.