Shunsin Technology Vietnam Co., Ltd., a subsidiary of Taiwanese tech giant Foxconn, is applying for an environmental permit for its 80 million USD chip manufacturing project in the northern province of Bac Giang.

There are factors that strongly drive the growth of Vietnam’s foreign direct investment (FDI) attraction in the second half of this year and there will be interesting surprises waiting ahead, said Chairman of the Vietnam's Association of Foreign Invested Enterprises (VAFIE) Prof. Dr. Nguyen Mai.

Vietnam is considered an attractive destination for multinationals amidst the wave of industrial production shift, enterprises have said while attending Vietnam’s International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade (METALEX Vietnam 2023) in Ho Chi Minh City.

The electronics sector accounts for 17.8% of Vietnam’s industry, placing the nation among the world’s top 15 largest exporters of this kind of product.

The northeastern province of Quang Ninh recently approved two Foxconn projects totalling more than 246 million USD in investment.

Swiss daily Tribune de Gèneve has recently published an article hailing Vietnam as a new destination for foreign companies.

Nikkei Asia has reported that tech giant Apple plans to move some MacBook production to Vietnam for the first time next year as the group continues diversifying its production base.

Apple plans to move some MacBook production to Vietnam for the first time next year as the US tech group continues diversifying its production base, Nikkei Asia has reported.

Vietnam has a “golden chance” to attract a new wave of foreign investment, especially to economic zones (EZs) and industrial parks (IPs), according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

The head of Indonesia’s Nusantara Capital City (IKN) Authority, Bambang Susantono, has recently said that the new capital will be home to about 1.7 million to 1.9 million people by 2045.

Thailand’s PTT and China’s Foxconn have established joint venture company Horizon Plus to manufacture electric vehicles (EVs) in Thailand in the Eastern Economic Corridor (EEC).

The Taiwan-based Foxconn said it has partnered with Indonesia's Investment Ministry and several companies to support the development of electric vehicles (EV) in the Southeast Asian nation.

Vietnam has witnessed an increase in the arrival of global high-tech brands like Pegatron, Universal Scientific Industrial, Foxconn.

Foreign direct investment (FDI) has contributed significantly to the economic development of Nghe An province but more actions are needed to improve its efficiency and increase FDI enterprises' contribution to the State budget.