On Monday, Vietnam awarded a license to a unit of Taiwan’s Foxconn Technology Co Ltd to build a $270 million plant which will produce tablets and laptops, said the Vietnamese government in a statement. Foxconn’s plant will be developed by Fukang Technology and will be located in the northern province of Bac Giang. It will…
In a statement the Vietnamese government said, Foxconn had commenced constructing a factory in the northern part of the country, to produce displays. The factory was scheduled to commence production after a year, said the Vietnamese government. Foxconn’s $26-million factory in Quang Ninh province has now produced its first batch of displays, said the government…
Authorities in northern Vietnam have ordered people the employees of Samsung Display to be quarantined following a worker testing positive for the coronavirus. According to a statement released on Monday, a 25-year-old worker of the EQC-SI unit of Samsung Display factory in Bac Ninh province tested positive on Sunday. Confirming the case, Samsung Electronics Co…
South Korea’s Samsung Display, a supplier for Samsung Electronics and Apple Inc, has requested Vietnam to exempt 700 South Korean engineers from its mandatory quarantine requirement saying they are needed to prepare for the production of screens for new smartphones. South Korea is Vietnam’s biggest foreign investor. In an effort to contain the outbreak of…
On Monday, in a statement the Vietnamese government stated, South Korean electronics giant Samsung Electronics has started building a $220 million research and development center in the country. The construction will be completed by the end of 2022, said the Vietnamese government while adding that the research center will employ around 2,200 to 3,000 people.…
Samsung Electronics unveiled its latest foldable 5G capable flagship as it surges ahead to maintain its market position in an increasingly competitive phone market. The development marked Samsung’s second attempt at a folding phone, following a delayed rollout in 2019, as it fends off traditional rival in the premium smartphone market, which includes Apple Inc…
One year back, while speaking at a conference hosted by the Massachusetts Medical Society, Bill Gates had “predicted” that a super-virus pandemic breaking out in China could potentially kill 33 million people around the globe in a span of just 6 months. Gates had warned that the world was at risk from super-pathogens spreading quickly…
According to the results of a survey by a subsidiary of courier giant DHL, despite the U.S.-China trade war rolling onto its 16th month and continuing to disrupt well established supply chains, more than a quarter of multinational firms have yet to make contingency plans. The survey by DHL Resilience360, a supply chain risk management…
Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…
RedDoorz is faces strong competition from Softbank-backed OYO. RedDoorz, a Singaporean hotel booking and management platform, has raised $70 million in its ongoing funding round. This is its second funding round so far in 2019. Asia Partners, a Singaporean private-equity firm is leading the funding round, which also saw the participation of Mirae Asset-Naver Asia…
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