Haiphong attracts $1.4 billion of FDI in first seven months

Haiphong attracts $1.4 billion of FDI in first seven months

In the first seven months, Haiphong lured in nearly $1.4 billion in FDI and VND3.48 trillion ($151.3 million) of domestic investment capital.
Tech giants praying to avoid financial hit

Tech giants praying to avoid financial hit

Vietnam’s electronics industry has been affected by the pandemic, a trend that could increase global chip shortages and lower electronics output.
LG switching older complexities for new?

LG switching older complexities for new?

Amid dented consumer consumption and growing production costs, LG’s move to expand its home appliance production and exit the smartphone sector could present the South Korean conglomerate with new hurdles.
LG Electronics to convert Haiphong smartphone production line to home appliances

LG Electronics to convert Haiphong smartphone production line to home appliances

LG is converting overseas smartphone manufacturing capacity into home appliances. The conversion will also take place at the group's Haiphong factory.
Rumbles of discontent with working conditions at LG

Rumbles of discontent with working conditions at LG

Several former employees of electronics giant LG in Vietnam have spoken out about workplace mistreatment after allegedly having personal property seized and suffering from altercations with other workers.
Electronics conglomerates hoping for further incentives

Electronics conglomerates hoping for further incentives

Vietnam’s attraction of overseas electronics and technology conglomerates cannot be overlooked. However, as the government is focusing on long-term acceleration of research and development and incentives for this sector, a shift from merely manufacturing to creating may soon take place among foreign-invested enterprises.
Additionally-registered FDI capital rises 2.5-fold

Additionally-registered FDI capital rises 2.5-fold

Despite the sharp drop in newly-registered FDI in the first two months, tremendous amounts of additional capital were poured into existing projects.
Foreign-invested capital on the rise

Foreign-invested capital on the rise

A series of large-scale foreign-invested projects worth hundreds of millions of US dollars are flocking to Vietnam, promising a bright outlook in attracting this type of capital inflow this year.
Vingroup fails to acquire LG Electronics smartphone business

Vingroup fails to acquire LG Electronics smartphone business

Vingroup is unlikely to be able to realise its ambition to take over LG Electronics’ smartphone manufacturing business.
LG Display Vietnam Haiphong increases capital by $750 million

LG Display Vietnam Haiphong increases capital by $750 million

Haiphong People's Committee has awarded the investment certificate for the LG Display Haiphong project to increase capital by $750 million.
Vingroup may break into US market through acquisition of LG smartphone business

Vingroup may break into US market through acquisition of LG smartphone business

Local conglomerate Vingroup is looking like the largest bidder for LG Electronics’ smartphone production line to support plans of setting foot in the US.
Getting a lift from tech investment

Getting a lift from tech investment

The increase of global tech titans landing in Vietnam is hoped to facilitate local suppliers.
ASEAN aiming for tech-led innovation to foster growth

ASEAN aiming for tech-led innovation to foster growth

Despite global supply chain bumps stemming from COVID-19, ASEAN countries are becoming a rising hub destination for global manufacturers thanks to well-established trade networks, a growing middle class, a thirst for tech expansion, and a young and educated workforce.
South Korean investment gusto undeterred by pandemic blows

South Korean investment gusto undeterred by pandemic blows

With Vietnam increasing focus on its business and investment climate, South Korean investors are hoping to expand into the country to venture into various fields, even despite the ongoing health crisis measures.
LG chairman apologises over South Korea plant fire, India gas leak

LG chairman apologises over South Korea plant fire, India gas leak

SEOUL: LG Group chairman Koo Gwang-mo apologised on Wednesday (May 20) over two fatal accidents at LG Chem facilities in the past two weeks, reports said, including a gas leak in India that killed 12 people.
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