RoK firms expand investment in research and development in Vietnam

RoK firms expand investment in research and development in Vietnam

Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Vietnam to fully tap high-quality and low-cost human resources.
Vietnam: ideal destination for global tech giants

Vietnam: ideal destination for global tech giants

Vietnam is again in the spotlight after Apple’s move to shift production activities to this Southeast Asian country, according to TRT World page of Turkish Radio and Television Corporation.
RoK tech giant pushes for 9-bln-USD battery supply chain project in Indonesia

RoK tech giant pushes for 9-bln-USD battery supply chain project in Indonesia

A consortium from the Republic of Korea (RoK) led by LG has signed an initial agreement with Indonesia's state-run companies to push for a project worth around 9 billion USD to establish an electric vehicle battery supply chain in the Southeast Asian country, a LG unit said on April 18.
Haiphong named on map of Vietnam's billion-dollar FDI projects in 2021

Haiphong named on map of Vietnam's billion-dollar FDI projects in 2021

Despite a harsh downturn in FDI capital inflows, Haiphong has maintained growing capital inflows and was one of the provinces securing a billion-dollar project.
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.
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