A province about 60 km from Hanoi will become the new production hub for components for SpaceX, the company owned by Elon Musk, currently the world’s richest man. SpaceX’s partners in Taiwan (China) are expanding production in Vietnam, primarily due to direct requests from Musk’s company. According to Reuters, Elon Musk recently asked Starlink’s satellite [...]

Tomorrow (September 15), during the Conference on the Announcement of Planning and Investment Promotion for Bắc Ninh Province, the province will unveil three projects with a total investment of over $3 billion. In an interview with Tiền Phong newspaper, Bắc Ninh province authorities stated that during the conference announcing the Bắc Ninh Provincial Planning for [...]

On September 15, during the 2024 Provincial Planning and Investment Promotion Conference, Bắc Ninh is set to officially sign a Memorandum of Understanding (MoU) with Samsung Display Vietnam for the development of a project focusing on the production of displays and electronic components at the Yên Phong Industrial Park. Key Details: According to Bắc Ninh’s [...]

Foreign investment capital continued to leave China in Q3 2024, despite Beijing’s economic stimulus measures. According to China’s State Administration of Foreign Exchange, in the third quarter, direct investment liabilities on China’s balance of payments decreased by $8.1 billion, totaling a near $13 billion drop in the first nine months of the year. “Direct investment [...]

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus. Goods are loaded for exports at a port in northern region. A slowdown in Việt Nam’s trade surplus was one of the temporary disadvantages for the [...]

Hanoi attracts $1.54 bln of FDI in 9M Phạm Long – The city licensed 197 new FDI projects. A view of Hanoi. Hanoi attracted $1.54 billion of FDI in the first nine months of the year, including 197 new projects totaling over $1.1 billion, figures from the city’s Statistics Office show. In September alone, the [...]