Samsung Considers Chip Investment in Vietnam
Samsung Electronics is considering an investment in chip testing and packaging facilities in Vietnam, according to reports. This move is representative of the company’s continued strategy to expand its global semiconductor reach. Specific investment amounts, timelines, etc, have not been made public at this time. However, the Vietnamese Ministry of
Vietnam Increases Solar Energy Use During Oil Shortage
Fuel imports weigh heavily on Vietnam’s economy now that oil prices are climbing alongside global unrest. To move faster into solar power, officials plan to offer rewards to families and businesses that install solar panels on their properties. Money perks aim to spread these panels more widely through cities and
Vietnam Scraps Fuel Tariffs Amid Iran War Disruptions
In an effort to secure energy supplies amid a worsening Middle East crisis, the Vietnamese government has announced that it will temporarily remove fuel import tariffs. The Ministry of Finance is leading the initiative, which attempts to stabilise a domestic rocket rocked by the intensifying military confrontation between the United
Vingroup Signs MoU With Telangana to Establish Ecosystem
Vietnam’s largest conglomerate, Vingroup, signed a memorandum of understanding with Telangana’s state government on Tuesday. The Vietnam-based company wants to establish a $3 billion multi-sector ecosystem in the southern Indian state. The multi-sector ecosystem includes urban development, electric mobility, healthcare, education, tourism, and renewable energy across 2,500 hectares (6,177 acres).
Vietnam Moves for Trade Deals to Counter US Tariffs
Vietnam’s Prime Minister, Pham Minh Chinh, announced that Hanoi is actively pursuing new trade agreements in 2023 to offset the adverse effects of U.S. tariffs on its exports. This effort comes amid concerns that U.S. duties could slash Vietnam’s exports to America by up to 20%, according to the United
Samsung May Exit Vietnam, Eyes India for Production
The big tech giant, Samsung, is considering India as its next production hub due to increased tariffs imposed on Vietnamese imports by the U.S. Samsung, which nearly produces half of its smartphones and tablets in Vietnam, may look to India as a more effective and strategic alternative. India has emerged
Vietnam’s Growth Under Threat as Trump Imposes Heavy Tariffs
Vietnam, long hailed as a manufacturing powerhouse and global export hub, is facing a serious economic setback after the U.S. President Donald Trump slapped a steep 46% import duty on Vietnamese goods—one of the highest among 180 nations affected. The new tariffs threaten to derail the country’s ambitious 2025 GDP
Hefty U.S. Tariffs Threaten Southeast Asia’s Economic Gains
Southeast Asian countries found themselves grappling with economic shockwaves on Thursday as they faced some of the highest tariffs imposed by the U.S. President Donald Trump. These hefty duties now threaten the economies that previously thrived on investments since Trump’s first-term tariffs on China redirected manufacturing to the region. Vietnam,
Veitnam Gets The New President After Two Years
After nearly 18 months, Veitnam finally elected Luong Cuong, a military general, as its president. The newly elected president will replace Lam, who remained president after being elected as the ruling party’s general secretary. In his speech, Cuong promised to conduct foreign policies to promote independence and peace. He further
In Another Trial, Vietnamese Tycoon Gets Life Sentence
One of the top business tycoons in Vietnam, Truong My Lan, has been convicted of committing financial crimes and is sentenced to life imprisonment by the Vietnam court. Moreover, she was sentenced to death in a separate court hearing in April. According to the state-run Tuoi Tre newspaper, Lan has
