Construction work starts on a Schneider Electric factory in HCM City. (Source: baodautu.vn)
HCM City (VNA)𓆏 - Schneider Electric has kicked off the first phase of construction for its new factory in Saigon High-Tech Park in Ho Chi Minh City.
The company, a global specialist in energy management and automation, declined to announce the cost of the project, saying only that it was a major manufacturing investment as the company's business expands.
The first phase of the 10,000sq.m plant is slated for completion later this year, making it one of the main manufacturing sites of the entire Asia-Pacific region. It will manufacture Schneider Electric's high-tech products for smart homes and other traditional wiring devices.
Over the past three years, its subsidiary, Schneider Electric Vietnam Co, has shown impressive performance, with a consistent growth rate of more than 25 percent per year. Last week, the company received a labour order, third class, from the State.
Xavier Denoly, Country President of Schneider Electric Vietnam, Cambodia and Myanmar, said this acknowledgement had motivated all members of the company in Vietnam to strive harder to achieve its long-term vision in the country and to contribute more to the community in response to the trust and support offered by the Government and Vietnamese people.-VNA
Ho Chi Minh City needs to zone specific areas for support and high-tech industries in its industrial parks in order to drive the development of these fields, a business insider has said.
An eight-storey factory built at a cost of 100 billion VND (4.5 million USD) at the Tan Thuan Export Processing Zone in HCM City was inaugurated on October 13.
The Management Board of the Ho Chi Minh City-based Saigon High-tech Park granted the first investment licences to three projects worth nearly 100 million USD in total.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Construction work starts on a Schneider Electric factory in HCM City. (Source: baodautu.vn)
