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US-China trade tensions affect two sides of the steel industry

Date posted: 10/ 08/ 2019 - The poster: admin

US-China trade tensions have made the US dollar (USD) high, while the yuan (NDT) has plummeted. This is forecasted by experts and representatives of the steel industry, which will have both positive and negative impacts on domestic industries. According to a representative of Vietnam Steel Association, in the past time, the domestic steel industry has had many changes in quality and quantity with a relatively fast growth rate. But every year, Vietnam steel industry still has to import a large amount of finished steel products and semi-finished products from China, ...
Sharp Built A New Factory Moved Production To Vietnam Oristar

Sharp will build a new factory, move production to Vietnam

Date posted: 02/ 08/ 2019 - The poster: admin

In the context of concerns about prolonged US-China trade war and favorable export goods to the US market, Japanese electronics firm Sharp of Japan announced on August 1 to build a new factory in Vietnam.  According to VNA correspondent in Tokyo, Sharp's new factory will be built on the outskirts of Ho Chi Minh City and is expected to start operation in fiscal year 2020, investment capital is not publicized by this group. However, according to Nikkei, Sharp will establish a joint venture subsidiary in Vietnam with a capital of ...
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Leverage for the auto industry

Date posted: 17/ 07/ 2019 - The poster: admin

Toyota Vietnam has just re-produced Fotuner model, Vinfast has also fixed the official launch of Vietnamese brand car model - VinFast Fadil, in June. That shows that the growth potential of the market Domestic cars are very big, motivating enterprises to manufacture and assemble automobiles. According to the Department of Industry (Ministry of Industry and Trade), by 2018, the domestic automobile industry has about 40 enterprises operating in the production and assembly of automobiles including: cars, trucks, passenger cars, specialized cars. used and car chassis. Most businesses are small and ...

Vingroup started a smart phone factory with a capacity of 125 million units / year

Date posted: 10/ 06/ 2019 - The poster: admin

On June 10th, 2019, Vingroup started the Vsmart smart phone factory project at Hoa Lac Hi-Tech Park (Thach That, Hanoi). With modern equipment production lines, maximum automation according to European technology standards, Vingroup expects to continue developing the ecosystem of smart phone products to serve domestic and global export needs. The factory is located in Hoa Lac Hi-Tech Park on an area of 15.2 hectares. The first phase of the plant is expected to be completed on August 15, 2019, with a capacity of 23 million units per year. In ...

Promoting the development of mechanical engineering industry: Need “visible hand” of the State

Date posted: 21/ 05/ 2019 - The poster: admin

At the Conference "Situation and solutions to promote Vietnam Mechanic Industry" taking place on May 14, 2019 in Hanoi, experts, scientists, managers and mechanical enterprises all said that The mechanical industry is the "backbone" of the economy, the State should have a mechanism and prioritize investment in resources to develop the industry. The policy has been around for a long time, but in the current context, investment needs to have a focus and a focus. Large investment, slow recovery According to Mr. Do Huu Hao, Chairman of Vietnam Mechanical Association, the ...

Promote the development of mechanical engineering industry

Date posted: 15/ 05/ 2019 - The poster: admin

On May 14, in Hanoi, the National Assembly's Committee for Science, Technology and Environment held a conference "Situation and solutions to promote Vietnam's mechanical engineering industry". National Assembly Vice Chairman Phung Quoc Hien and Chairman of the Committee for Science, Technology and Environment Phan Xuan Dung chaired the Conference. Opening the Conference, National Assembly Vice Chairman Phung Quoc Hien stated: Compared to the past, Vietnam's mechanical engineering industry has made remarkable progress. However, through the actual survey, Deputy Chairman of the National Assembly said that the manufacturing industry of our ...

Vietnam automobile industry: Attracting Malaysian investors

Date posted: 06/ 05/ 2019 - The poster: admin

With the attractiveness of Vietnam's automobile manufacturing industry, Malaysian investors are keen to cooperate with our country's businesses in this area. Developed quite fast Sharing about Vietnam automobile industry, Mr. Luong Duc Toan - Deputy Head of Processing and Manufacturing Department, Industry Department (Ministry of Industry and Trade) - said that in the last 2 years, the domestic automobile industry has developed quite well. fast. In 2018, Vietnam produced and assembled over 250,000 vehicles. Production products meet about 70% of domestic car demand. Industry has more than 40 enterprises involved ...

Supporting industry: There will be a VND 100,000 billion preferential credit package

Date posted: 25/ 04/ 2019 - The poster: admin

According to the Ministry of Industry and Trade, a preferential credit package of about VND 100,000 billion will be established for supporting industry development. By 2020, Vietnam's industrialization products are highly competitive, meeting 45% of essential needs and domestic consumption, accounting for 25% of export value; in 2030, meeting 70% of demand ... Realizing the above target, the Ministry of Industry and Trade proposed a series of solutions on policies and market development for SI. In particular, the centralized solution is to continue to build, improve policies and promote a ...

Mechanical industry uprising: Avoid ‘key’ status to ‘pilot’

Date posted: 12/ 04/ 2019 - The poster: admin

The most important 'plea' is that many businesses (businesses) expect to have a stable and transparent policy because there is a chance for new enterprises to actively adjust the strategy of sustainable development and avoid The previous situation is the "key" followed by "pilot" which makes it difficult for the mechanical industry to promote efficiency. Engineering is considered the "backbone" industry of the economy, the platform provides tools and production materials as well as productivity for most sectors from production to consumption. However, there is a fact that although the ...
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