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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 ...

Lenovo wants to build a factory in Vietnam

Date posted: 25/ 02/ 2019 - The poster: admin

Chinese electronics manufacturers have worked with Bac Ninh and Bac Giang provinces to discuss investment opportunities. The representative of Lenovo Group has just had a meeting with leaders of Bac Ninh and Bac Giang provinces to seek investment opportunities to build a factory. Mr. Bach Bang, General Director of Lenovo said that the group is in need of using 20-30 hectares of land to build a computer components factory. Production products will be exported to the US with expected output of about 3 billion USD. The representative of Lenovo wants ...

Mechanical engineering industry: Need fair tax for accessories

Date posted: 31/ 01/ 2019 - The poster: admin

Importing products has an advantage over production organizations, so many businesses develop well, while enterprises manufacturing machines and molds face numerous difficulties because of high import tax rates. Great attraction from multinational corporations Ms. Tran Thi Hue - Deputy Director of Northern Investment Promotion Center - said that Vietnam has great attraction for multinational industrial groups thanks to high economic growth (2018, GDP). The whole country is estimated at 6.8%), which is followed by the need to find companies to supply SI products more and more increasing. However, for Vietnamese ...

Development of mechanical industry: Select key products

Date posted: 23/ 01/ 2019 - The poster: admin

In the context of deep integration, in order to gain a foothold in the global value chain, Vietnam's mechanical industry needs to be reformed from mechanisms and policies to technology, especially in the areas of high added value. Newly meet more than 30% of demand Report of Vietnam Mechanical Enterprises Association, total industrial production value of the whole industry is estimated at US $ 50 billion, of which domestic production reaches US $ 16 billion, meeting only 32.5% of demand. Meanwhile, the target must meet 45-50% of domestic production demand ...
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