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ABB DC Fast Charger at Audi Tan Binh Centre in HCM City. — Photo courtesy of ABB ABB E-mobility was selected to deliver its market-leading electric vehicle chargers in Viet Nam to launch the new all-electric Audi e-Tron GT Quattro, Audi’s first electric car to hit the Vietnamese market. To deliver a premium charging experience for Audi, ABB had a range of charging solutions for Audi Tan Binh, the most extensive service centre of Audi in the country, which serves customers in the south. ABB charging solutions include AC wall box chargers ranging from 7kW to 22kW and DC chargers ranging from 24kW to 180kW. Located outdoors for easy access, the Terra 184 DC fast charger is a modular DC fast charging system with high output current capabilities. The CCS2 charge post offers a wide range of output voltage from 150-920VDC and can deliver up to 375A and 180kW continuously, making it a highly flexible solution. The Terra 184 DC charger can add 100 miles of range in as little as 10 … [Read more...] about ABB and Audi cooperate to drive e-mobility adoption in Viet Nam

TAIPEI -- China fired multiple missiles around Taiwan on Thursday as it launched unprecedented military drills a day after a visit by U.S. House of Representatives Speaker Nancy Pelosi to the island that Beijing regards as its sovereign territory. Soon after the scheduled start at 0400 GMT, China's state broadcaster CCTV said the drills had begun and would end at 0400 GMT on Sunday. It said the exercises, the largest ever by China in the Taiwan Strait, would include live firing on the waters and in the airspace surrounding Taiwan. China's Eastern Theatre Command said it had completed multiple firings of conventional missiles on waters off the eastern coast of Taiwan as part of the planned exercises. The last time China fired missiles into waters around Taiwan was in 1996. Map showing the six locations where China will conduct military drills. Taiwan's defence ministry said several Dongfeng missiles had been fired in waters to the northeast and southwest of the island. Two … [Read more...] about China fires missiles in largest ever drills in waters off Taiwan

New potential and trends The Indochina Kajima Development Company, a joint venture between Indochina Capital and Kajima Corporation, recently launched an industrial real estate investment and development platform focused on the nationwide roll out of factory and warehouse properties for lease throughout the country’s key manufacturing and logistics markets. The Core5 Vietnam platform ( www.c5ip.vn ) plans to offer industrial assets of some US$1 billion in the next 5-7 years. Germany’s Framas Group has rented a ready-made factory area of ​​20,000 square meters in the KTG Industrial Nhon Trach 2 project (Dong Nai Province). Framas specializes in the production of high-quality plastic parts for customers such as Nike and Adidas. According to Fabian Urban, Head of Footwear Technology at Framas Vietnam, Vietnam was chosen as a factory site because of its superior facilities compared to other locations. The establishment of the new factory is part of the group’s strategy to … [Read more...] about Industrial real estate market recovers strongly

In its financial report for the second quarter, Apple announced a record revenue of $83 billion, up 2% year-on-year, despite the volatile market situation. "We set June quarter records in the Americas, in Europe and in the rest of Asia Pacific region. We also saw June quarter revenue records in both developed and emerging markets with very strong double-digit growth in Brazil, Indonesia and Vietnam and a near doubling of revenue in India," Cook said during the company’s earnings call late July. He said the company continues to "execute across some significant geographies with low penetration of iPhones between Indonesia, Vietnam and India where we did quite well." The company's strategy is to use its smartphone model to expand its presence, with promotion of other products to follow. "iPhone tends to be the engine for those markets, particularly at the beginning of creating the market there for Apple products." Apple did not specify the growth rate for each region. However, … [Read more...] about Vietnam a market with highest potential: Apple CEO

Vietnam, together with Brazil, Indonesia and India that are emerging markets, have made practical contributions to Apple’s group’s outstanding performance in the second quarter of this year, said CEO Tim Cook. Apple CEO Tim Cook. (Photo credit Apple). In its financial report for the second quarter of 2022, Apple announced a record revenue of US$ 83 billion, up 2% over the same period last year, despite market fluctuations. Speaking to analysts after releasing the figure, Cook noted the quarter saw record revenue in developed and emerging markets "with double-digit growth in Brazil, Indonesia and Vietnam, and a new doubling of revenue in India." The CEO said that the company continues to execute across some significant geographies with "low penetration of iPhones between Indonesia, Vietnam and India where we did quite well". "iPhone tends to be the engine for those markets, particularly at the beginning of creating the market there for Apple products," he … [Read more...] about Apple CEO Tim Cook appreciates Vietnam market potential

Industrial real estate attracts foreign investors via the M&A method Acquiring a well-established local entity is a preferable market-entry strategy for many foreign companies, particularly in the industrial real estate market. What are domestic enterprises’ advantages in attracting foreign industrial real estate developers? In the M&A playground, foreign investors often have an advantage in terms of capital and experience. Meanwhile, the biggest strength of the local side is its insight, which is shown in its overall understanding of policies, the planning of industrial parks (IP), transport infrastructure, and even urban planning around IPs. In addition, they understand the characteristics of each region and the demographic, which will help businesses recruit employees more easily. To establish an IP, it needs the approval of the prime minister and dozens of signatures from various authorities, thus having an insight into policies and flexibility will create … [Read more...] about Industrial real estate attracts foreign investors via M&A