American companies are moving factories out of China as Vietnam is the most mentioned destination
Vietnam Insider
Only a specific slice of American companies are moving factories out of China, much less returning home. Some, including electric-car builder Tesla, are even revving up their production engines on the mainland, despite U.S. President Donald Trump’s trade war aimed at bringing American manufacturing back. While nearly all companies in apparel and smartphones have moved, plan to move, or are considering moving at least part of their operations out of China, few companies in many other industries are doing so, according to a Goldman Sachs report released Friday.
Vietnam trade surplus more than doubles in Jan-Aug
Hanoi Times
The record US$13.5 billion trade surplus in the eight-month period far exceeded the unprecedented figure of US$11.12 billion last year. In the first eight months of 2020, Vietnam’s trade surplus reached an all-time high of US$13.5 billion, representing a 150% increase compared to the same period of last year (US$5.47 billion), according to the General Department of Vietnam Customs (GDVC).
‘China exit’ limited to some American sectors – and not for home.
Vietnam trade surplus more than doubles in Jan-Aug
Vinh Phuc will have 6 new industrial zone projects with total investment capital of nearly 8,000 billion VND in 2020
VCCI News
It is expected that by the end of this year, Vinh Phuc Industrial Zones Authority will issue investment registration certificates for 6 investment projects and technical infrastructure business of industrial parks (IZs), total investment. investment nearly 8,000 billion. Up to now, Vinh Phuc province has 18 industrial zones approved by the Prime Minister for investment policy, with a scale of 5,228 ha.
Dong Nai calls for more than USD 368 million for traffic investment
Zing News
In the field of transport, Dong Nai province is calling for investment in 6 big projects. Dong Nai People's Committee has just issued a list of major projects calling for investment. The locality has determined that these are all important projects. If they can find qualified and experienced investors, they will significantly contribute to the socio-economic development of the province.
Converting Danang from an industrial to logistics centre
Vietnam Investment Review
Developing ecological industrial real estate is a new direction for the central city of Danang in its strategy to attract investment into high-tech projects, with many companies interested in large-scale logistics projects manifested by the upcoming Lien Chieu deepwater port. The efficiency from cleaner production has been not only breaking the urban chain in the west of the city but also linking urban areas turning the high-tech park into a highlight in the formation system of eco-industrial real estate products, which is attracting many investors in the city.
Supply chain growth can outpace Southeast Asia
Vietnam Investment Review
Vietnam has one great advantage over the others – its efforts to fight against and contain the pandemic. As a result of its successful policies, many factories and manufacturing sites could stay open and the impact of the disease has been minimal.
Relocating Production to Vietnam for US Businesses: What You Need to Know
Vietnam Briefing
As manufacturing in China contracts, Vietnam is experiencing continued and unprecedented growth relative to other low-cost countries. Foreign investors are increasingly choosing Vietnam as a China plus one destination to combat rising costs in China and other unpredictable scenarios, such as trade shocks.
Supply chain growth can outpace Southeast Asia
Relocating Production to Vietnam for US Businesses: What You Need to Know
A series of large corporations are coming from China "landing" to Vietnam
Dan Tri
The policy to encourage FDI investment for the projects of the Government of Japan and Vietnam can also create opportunities for some Japanese enterprises to expand production to Vietnam such as Shin-Etsu Chemical, HoYa. Coporation, Matsuoka, Meiko Electronics, Yokowo, and Nikkiso… Most of these companies have production facilities in the North.
HCMC ready to admit entry of foreign arrivals
SGGP News
Ho Chi Minh City is ready to receive foreign arrivals in the coming time according to directives by the Prime Minister and the National Steering Board of Covid-19 Prevention and Control.It was one of the content of the yesterday virtual meeting presided by Standing Deputy Chairman of the city People's Committee Le Thanh Liem. The Department of Health was assigned to work closely with the Department of Tourism to asses more accommodations which are used as quarantined wards for imported cases.
Hanoi reopens bars, karaoke parlors from September 16
Hanoi Times
The weekend walking space of Hoan Kiem lake and the surrounding area would be resumed from September 18. After one and a half months of suspension, Hanoi’s authorities have allowed the reopening of karaoke parlors, bars and discos from September 16, provided that these establishments comply with Covid-19 countermeasures. On September 15, at the meeting of the Hanoi Steering Committee for Covid-19 Prevention and Control, Mr. Ngo Van Quy, Vice Chairman of the city People's Committee, said all the services will be restored as the city has gone 27 days without new locally- infected case since August 19.
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