Foreign investment updates about Vietnam
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Art enthusiasts in Vietnam rejoice! Millon Auction House, a leading European player with a rich heritage, has established its first-ever Vietnamese representative office, Millon Vietnam. This marks a significant moment for the Vietnamese art market, opening doors to a wider international audience. A Legacy of Expertise Comes to Vietnam Millon
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BYD, the world's leading electric vehicle (EV) manufacturer and Tesla's main competitor, has reportedly slowed down its plans to build a factory in Vietnam. This news comes despite an earlier announcement from the Vietnamese government in May 2023. Strategic Shift and Market Realities The decision to
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According to Vietnam Plus, Luxury Japanese department store chain Takashimaya is setting its sights on Vietnam's capital city, Hanoi! The company plans to open a new shopping center in 2026, marking its first international expansion in eight years. Here's what we know about the project: * Mixed-use
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According to Korea Economical Daily, South Korean food gaint Paldo is ramping up its presence in Vietnam with the completion of its second factory in the country. This strategic move highlights Paldo's commitment to the Vietnamese market and its ambitious plans to become a major regional food and
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GoodWe, a Chinese manufacturer of solar inverters, recently celebrated the inauguration of its new factory in Vietnam. This significant development marks a major step forward for GoodWe's global ambitions. The factory, which spans an impressive 14,800 square meters, is designed in two phases. Phase I boasts production
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Nippon Express (Vietnam) Co., Ltd. (NX Vietnam), a subsidiary of Nippon Express Holdings, Inc., has expanded its operations in Vietnam with the opening of a new office in Da Lat City on 22 February 2024. Why Da Lat? Located in Vietnam's Central Highlands at an altitude of 1,
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According to a Reuters report, PepsiCo, a leading U.S. food and beverage company, has pledged an additional $400 million investment in Vietnam. This significant commitment will support the construction of two new manufacturing facilities powered by renewable energy sources. The $400 million will be divided between a beverage factory
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VinFast, a leading Vietnamese electric vehicle (EV) manufacturer, celebrated a major milestone by breaking ground on its first integrated EV manufacturing facility in India. Located in Thoothukudi, Tamil Nadu, the project signifies VinFast's commitment to global green transportation and is expected to create significant economic benefits for the
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South Korean textile giant Hyosung TNC is making a major push into sustainable materials with a $1 billion investment in Vietnam. The company plans to build a factory capable of producing 200,000 tons of Bio-BDO (Butanediol) annually, a key raw material for eco-friendly textiles. Focus on Sustainability Hyosung TNC&
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Chinese automaker Chery International and Vietnamese conglomerate Geleximco Group have joined forces to establish a new automobile factory in Vietnam. The signing ceremony, held on 4 April 2024, marks a significant step for both companies and the Vietnamese automotive industry. The $800 million factory, to be located in Thai Binh