The move is a concrete manifestation of the robust cooperation between the two nations.
Chinese investors have poured nearly $4 billion into Vietnam in January-November 2023. The Hanoi Ancillary Industry Business Association (HANSIBA) and N&G Group inked an agreement on December 6 with CMA, the association of Vietnamese, Indian and Chinese mobile phone companies, to strengthen Vietnam's electronics sector.
Taiwan-invested Inventec Technology Vietnam was granted an investment registration certificate Wednesday for a $125 million project in Hanoi.
The plant, expected to cost US$125 million, covers 16.1ha at the Hà Nội Southern Supporting Industrial Park.
By cooperating with large manufacturers who invest in Vietnam, supporting industry enterprises will have more opportunities to join the global value chain.
Vietnam's industrialization strategy within the framework of Vietnam-Japan cooperation towards 2020, with a vision to 2030, has been approved by the Prime Minister with the goal of promoting technological innovation, increasing labor productivity, creating international competitiveness; making products with high added value, spreading, meeting advanced quality standards in the market for export and domestic consumption.
FDI continues to flow into Vietnam as the country has a positive outlook and a friendly investment and business environment.
The new facility will be equipped with warehousing automation, smart building, and energy-efficient solutions.
The South Korean tech giant would support the training of 100 experts and assist 50 local companies in applying the model of the smart factory in Vietnam.
HNP - The People’s Committee of Hanoi has ordered local public agencies to take stronger actions to improve its Satisfaction Index of Public Administration Services (SIPAS).