Investment in Vietnam has grown rapidly in recent years on the back of a low-cost workforce and a shift out of China driven by trade complications between China and the US. This section monitors Vietnam investment news including who is investing in what, where, and how much.

Japan to process scallops in Vietnam after China bans seafood imports

the-shiv December 7, 2023

Japanese scallop producers are considering shifting their processing operations from China to Vietnam after China banned the import of Japanese seafood over the release of treated water from the Fukushima nuclear power plant, The Japan News is reporting. An estimated 30,000 to 40,000 tons of scallops from Japan were processed

Swedish engineering group opens first factory in southern Vietnam

the-shiv December 5, 2023

Sweden’s Trelleborg Group has inaugurated its first factory in Vietnam in southern Vietnam’s Dong Nai province, The Investor is reporting. Covering 8,000 square metres will create parts for the global automotive and industrial sectors. Trelleborg also announced earlier this year it planned to build a US$37 million factory in Ba-Ria-Vung

Thai firm to build industrial park in central Vietnam

the-shiv December 1, 2023

Thailand’s WHA Industrial Development has been approved to build a US$55 million 178.51 hectare industrial park in central Vietnam’s Than Hoa province, The Investor is reporting. This will be WHA’s second industrial park in Vietnam. The first is located in Nghe An, next door to Thanh Hoa.

Japanese home-furnishing retailer to set-up shop in southern Vietnam

the-shiv December 1, 2023

Nitori, a home-furnishings retailer from Japan is set to open its first in Vietnam’s Binh Duong province, in winter of this year, Japan Today is reporting. Vietnam has become popular among Japanese retailers keen to tap into Vietnam’s rapidly expanding middle-class. Other big Japanese retailers with a presence in Vietnam

Taiwanese firm looking to establish electronics factory in north-central Vietnam

the-shiv November 29, 2023

Radiant Opto-Electronics Corporation from Taiwan has submitted plans to build a US$120 million factory to contribute to its backlight module supply chain in Vietnam’s Nghe An province, The Investor is reporting. The factory is set to cover 8.2 hectares and should be operational by the end of 2024.

Japanese firm opens solar cell factory in northern Vietnam

the-shiv November 29, 2023

A subsidiary of Japan’s Vsun Solar has inaugurated a US$200 million factory in Phu Tho in northern Vietnam, The Investor is reporting. Covering 13 hectares the project will reportedly employ 700 people when it reaches peak capacity.

Foreign direct investment approvals in Vietnam hit US$28.85 billion

the-shiv November 29, 2023

A total of US$28.5 billion worth of foreign direct investment projects have been approved so far this year, a 14.8 percent increased on a year earlier, VN Express is reporting. Of note: When applying for an investment registration certificate foreign firms need to detail how much money they intend to

Global talent index ranks Vietnam No. 75

the-shiv November 16, 2023

Vietnam has squeezed into the 2023 Global Talent Competitiveness Index in 75th place just behind Mexico in 74th place and ahead of Mongolia at 76, Vietnam Net is reporting. Vietnam, Global Talent Competitiveness Index 2023, key metrics table Metric Description Score Rank Enable Regulatory, market, business and labour landscape 46.78

South Korean biotech firm to build monkey farm in Vietnam

the-shiv November 14, 2023

South Korea’s, Eco & Tech Co., a biotech business, plans to build a US$11 million monkey farm in Vietnam’s Khanh Hoa province, The Investor is reporting. The facility will cover 18.7-hectares with the monkeys raised to be used for scientific research purposes. A second phase of the project is slated

Singapore firm to add 245 MW in Vietnam renewable energy to portfolio

the-shiv November 13, 2023

Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.

Chinese electronics maker to more than double investment in Vietnam

the-shiv November 10, 2023

Chinese firm Luxshare-ICT is set to expand its operations in Vietnam’s Bac Giang province by $330 million, The Investor is reporting. This will bring its investment in Vietnam to US$504 million. Luxshare-ICT makes cables for various electronic devices.

Taiwanese auto-parts maker to build new factory in northern Vietnam

the-shiv October 26, 2023

Taiwan’s Waffer Technology wants to build a US$50.9 million plant in northern Vietnam’s Hai Duong province, The Investor is reporting. Wafer Technolgy intends to use the plant to make up to 10 million car parts and repair machines for export to the US and the EU.

Chinese solar cell maker to build new factory in northern Vietnam

the-shiv October 26, 2023

China’s Boway intends to build a 20-hectare, US$114 million solar cell factory in northern Vietnam’s Hai Duong province, The investor is reporting. This is part of a number of major investments in its manufacturing operations across northern Vietnam. All-up it reportedly has plans to invest US$350 million Hai Dunong alone.

Japan electronics manufacturer to build new factory in northern Vietnam

the-shiv October 24, 2023

Japan’s Meiko Electronics, intends to start work on a US$200 million circuit board factory in northern Vietnam’s Hoa Binh province next year, The Investor is reporting. This will be Meiko’s fourth factory in Vietnam where it has currently invested US$500 million and employs 7,000 workers.

Taiwan electronics maker to build new factory in central Vietnam

the-shiv October 19, 2023

Foxlink International is set to build a US$135 million factory to produce touch pens, wireless earphones, battery packs, charging stations, and printed circuit boards Danang in central Vietnam, The Investor is reporting. When it’s completed the factory will cover 11.35 hectares and employ 2,000 people.

Business confidence among Eurocham BCI survey respondents up

the-shiv October 10, 2023

Eurocham has released its Business Confidence Index survey results from Q3 and it is showing a marginal improvement, arresting a steady decline since the start of the year, The Investor is reporting. The index recorded 45.1 points in Q3 up from 43.5 in Q2. Full report: Eurocham Business Confidence Index

China plastics manufacturer to build new factory in southern Vietnam

the-shiv October 5, 2023

The Vietnamese arm of Chinese plastics manufacturer Kingfa Science & Technology is set to open a new US$80 million factory in southern Vietnam’s Dong Nai province, The Investor is reporting. What the company will make at the new factory has not been disclosed but the company’s key outputs are plastic

Foreign direct investment in real estate down 45 percent year-on-year

the-shiv October 5, 2023

FDI in the real estate sector reached US$1.94 billion in the first nine months of 2023, down 45 percent year-on-year, Vietnam Plus is reporting. Why it matters: The real estate sector has hit hard this year on the back of bond frauds and several high-profile arrests in the sector. This

SK carbon fiber firm has in-principle support for factory in southern Vietnam

the-shiv October 3, 2023

The Ba Ria-Vung Tau’s industrial park authority has given in-principal approval for South Korea’s Hyosung to construct a US$540 million carbon fiber factory, The Investor is reporting. In its initial phase, the factory will have the capacity to produce 4,800 tons of carbon fiber products. There are plans to expand

Is it time to abolish conditional business lines in Vietnam?

the-shiv September 18, 2023

In an interview with Thoi Bao Tai Chinh last week, Cung Dinh Nguyen, the former Director of the Central Institute for Economic Management Research, took aim at conditional business lines and the corresponding business conditions. He says that to grow the private sector these need to be limited or even