Industry

The group currently operate three complexes across the country, which host approximately 190 companies, 90 per cent of which are Japanese manufacturers. In order to meet increasing demand, Sumitomo have decided to spend a total of JPY14 billion or US$130 million, to add roughly 181 hectares of land to the Thang Long Industrial Park II in Hung Yen province, increasing the total scale of the area to 525 hectares. This expansion will make the site one of the biggest Japanese industrial parks across the nation. The scheduled time for the expansion work is two years, with the project being completed in 2021 before opening to enterprises in 2022. Sumitomo is also poised to expand the Thang Long Industrial Park III, which was just completed in Vinh Phuc province last November. Once completing the first phase of the expansion plan in 2021, the industrial park’s overall size will be up by 104 hectares. Sumitomo had originally planned to accomplish the Thang Long Industrial Park … [Read more...] about Sumitomo plans expansion of industrial parks nationwide

Scene at the 2018 edition of the event (Source: laodong.vn) The summit will be chaired by leaders of the Party, National Assembly and Government with the participation of about 1,500 domestic and international delegates. On the sidelines, five symposiums, an exhibition on modern technologies, and a business matching event will take place. The summit aims to explain key polices of the Party and State on Vietnam’s participation in the 4th Industrial Revolution, pool domestic and foreign experts’ recommendations for such engagement, and connect international investors in the field with the Vietnamese business community. Some 85 percent of industrial enterprises in Vietnam still lag behind the Fourth Industrial Revolution (Industry 4.0), and only 13 percent are at the beginner level, according to Nguyen Duc Thanh, director of the Vietnam Institute for Economic and Policy Research (VEPR). In a draft national digital transformation plan, Vietnam targets emerging as … [Read more...] about Vietnam Industry 4.0 Summit 2019 to run in early October

  Visitors are shown technologies used in the plastic industry at last year’s VietnamPlas in HCM City. This year’s event will be held from October 3 to 6. — Photo courtesy of the organisers HCM CITY — The Vietnam International Plastics and Rubber Industry Exhibition to be held in HCM City early next month will showcase the latest smart production solutions, advanced technologies and machinery and equipment used in the plastics and rubber industry. VietnamPlas 2019 will feature more than 520 leading suppliers from Austria, Australia, Belgium, China, Germany, Hong Kong, India, Italy, Japan, Malaysia, New Zealand, Singapore, South Korea, Switzerland, Taiwan, Thailand, the US, and Việt Nam. The 19th edition of the annual exhibition will showcase a series of high-quality automatic equipment such as plastic extruders, PET blow moulding machines, film blowing equipment, high-class injection moulding machines, and plastic recycling machines. Also on display … [Read more...] about Plastics and rubber industry expo attracts over 520 exhibitors

Illustrative image (Photo: VNA)   Hanoi (VNA) –Vietnam’s industry expanded by 9.56 percent so far this year, a four-year record, according to the General Statistics Office (GSO).  The manufacturing and processing sector led the growth of industry and the whole economy with an expansion of 11.37 percent, while mining grew slightly by 2.68 percent. Head of the GSO’s Industrial Statistics Department Pham Dinh Thuy said the growth of  the manufacturing and processing sector was the highest among the ASEAN member states, including 11.52 percent, 10.9 percent and 11.68 percent in the first, second and third quarter, respectively. Among the industries, several sectors recorded year-on-year growth, including coke and refined petrol up 38 percent, metallurgy 36 percent, rubber and plastics 15 percent. Production of electronics, computers and optical products hiked by 6.3 percent, lower than the 14.2 percent growth a year ago, and cigarettes up 4 percent. … [Read more...] about Industry hits four-year high of 9.56 pct in nine months

Illustrative image (Photo: VNA) HCM City (VNA) – Ho Chi Minh City’s industrial production index in the first nine months of this year expanded 7.26 percent year-on-year, the municipal Department of Industry and Trade reported on October 1. However, four major industrial sectors, comprising manufacturing engineering, electronics, chemicals-rubber-plastics and food processing, increased only 6.1 percent, lower than 8.39 percent recorded in the same period last year. Experts said the fierce competition with foreign partners, along with impacts of the African swine fever have adversely affected the production of the country in general and HCM City in particular. The country’s largest economic hub aims to achieve a growth of 8.3-8.5 percent and have 46,200 new enterprises in 2019. It also targets administrative reform, e-governance, improvement in public administration, creation of a healthy business environment, innovation and start-up encouragement, and mitigation … [Read more...] about HCM City’s industrial production index up 7.26 percent