Challenges will overwhelm opportunities for Vietnamese part suppliers if they are unable to find ways to upgrade technology and meet international production standards, business executives said on July 24.
VOV.VN -The Vietnamese electronics industry is anticipated to continue being hit by the challenges brought about by the increasingly complicated hurdles caused by the COVID-19 epidemic during the second half of the year, with demand for products within markets in Europe and the United States set to be reduced.
More than 2,000 engineers and bachelor degree holders graduating from universities attended the Global Samsung Aptitude Test (GSAT) held in Hanoi on June 20.
VOV.VN - Samsung Vina Electronics Co., Ltd. has announced plans to relocate the majority of its production line of computer monitors from China to a factory situated in the high-tech park in District 9 of Ho Chi Minh City later this year.
Prime Minister Nguyen Xuan Phuc visited workers at a sound device factory of the Foster Electric Bac Ninh Co. Ltd in Tu Son town, the northern province of Bac Ninh, on May 31.
VOV.VN - With initial success in containing the novel coronavirus (COVID-19) and an advantage as a safe investment destination, Vietnam is attracting a shift of foreign direct investment (FDI) inflows.
Big companies like Apple, Nintendo, and Samsung and their supplier have switched out to limit damage.
VOV.VN - Despite foreign direct investment (FDI) shown signs of a slowdown as a result of the negative impact of the novel coronavirus (COVID-19), experts believe that the nation will be able to welcome an array of fresh dual investment after the pandemic.
VOV.VN - The Ministry of Health announced two more cases of the novel coronavirus on the morning of April 13, taking the country’s tally to 262, with no deaths reported.
VOV.VN - The first quarter of the year has seen parts of the electronics industry, such as the manufacturing of electronic products, computers, and optical fiber products, enjoy a 14.3% growth despite the negative effects of the novel coronavirus (COVID-19) epidemic, according to the Ministry of Industry and Trade (MoIT).
The Ministry of Labour, Invalids and Social Affairs (MoLISA) has proposed the government to lift a ban and allow on a priority basis for 8,459 highly skilled foreign workers – out of the thousands who have been kept out – to enter Vietnam since it has been difficult to find replacements for them.
The Health Department of northern Bac Ninh province announced on March 28 that 172 experts of Samsung Display, who flew into Vietnam from the Republic of Korea on March 13, have completed their 14-day quarantine period and all have tested negative for the SARS-CoV-2 for the second time.
As the COVID-19 outbreak is poised to cause a global economic crisis affecting Vietnam, the government’s fresh solutions to boost local production to achieve the country’s economic growth goal are hoped to give a kiss of life to both enterprises and investors.
Phones made by local manufacturer Vsmart have surpassed those of US giant Apple, in terms of retail revenue in the Vietnamese market in January.
Samsung Electronics Co. on March 6 said it will temporarily move some of its smartphone production to Vietnam, after shutting down a local factory following a positive coronavirus test there, according to the Yonhap news agency of the Republic of Korea (RoK).
Vietnam reported an estimated trade deficit of US$176 million in the first two months of the year, according to the General Statistics Office of Vietnam (GSO).
Samsung Vietnam has announced the commencement of construction on a new 220 million USD research and development (R&D) centre in Vietnam, with completion scheduled for late 2022.
VOV.VN- A number of major electronics manufacturers in Vietnam are feeling the punch from the COVID-19 outbreak as material imports and finished product exports have been affected by tighter border control aimed at preventing the disease from spreading.
Prime Minister Nguyen Xuan Phuc has instructed ministries, sectors and localities to quickly build their own development scenarios in accordance with the development of the coronavirus disease (COVID-19), in order to mitigate the impact of the epidemic while striving to fulfill set targets.
As the coronavirus outbreak shows no sign of slowing down, supply chain leaders are urged to mitigate instant disruption and plan for their short- and long-term performance, at a time of weakness in securing domestic raw material sources in the context of feeble supporting industries.