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Foreign automobile part makers rush to Vietnam
Updated : 06/12/2018
South Korean auto part producer Pyeong Hwa Automotive (PHA) on November 23 broke ground for the construction its plant in the northern port city of Hai Phong.
PHA Company Ltd will produce hood latches, door checkers, hood hinges and fuel filler openers for the automobile industry with an annual capacity of more than 7.5 million products,...Read More
Manufacturing sector output rises at near-record pace in November
Updated : 04/12/2018
HÀ NỘI — Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) rose from 53.9 points in the previous month to reach 56.5 points in November, according to the latest survey from Nikkei’s IHS Markit, released on Monday.
Manufacturing business conditions during November improved to one of the greatest heights in the near eight-year history of the survey...Read More
Automaker Mitsubishi eyes full-scale production in Vietnam
Updated : 10/11/2018
Japanese automaker Mitsubishi Motors plans to expand its Vietnam operations by moving to full-scale production of parts within the country.
The company’s CEO Osamu Masuko said at the global launching ceremony of the Mitsubishi Triton pickup truck in Bangkok that sourcing materials in Vietnam would let the company handle more upstream processes for components...Read More
US trade war takes a bite out of Apple as supplier abandons China for Vietnam
Updated : 18/10/2018
The Chinese company that assembles Apple's AirPods is moving its production from China to Vietnam, as the US-China trade war escalates following US tariffs on some $US250 billion in Chinese goods.
Earlier this month, GoerTek, based in eastern China's Shandong province, asked all suppliers involved in its AirPod production to ship all necessary materials and components directly to Vietnam...Read More