Investment flows from France to Vietnam have been robust, with French companies and organizations expanding their operations in the country. In early January 2025, asset management firm Mirova announced its USD 10 million investment in Ecoligo, a Berlin-based solar...
The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One and a part of the Private Infrastructure Development Group (PIDG), announced in January a USD 20 million investment in CME Solar. This funding will support the development of a pipeline...
Recover, a Spain-based producer of recycled cotton fiber and cotton fiber blends, has recently opened a new manufacturing facility in Vietnam. The facility, set to begin operations early 2025, will introduce Recover’s large-scale recycling technology to Vietnam’s...
Vietnam Vaccine Joint Stock Company (VNVC) has signed a contract with Germany’s Rieckermann Group, a global leader in the design of vaccine and pharmaceutical plants, to develop a cutting-edge vaccine and biopharmaceutical production facility. The new plant represents...
SkyeChip, a Malaysia-based semiconductor leader, has received an investment certificate for a chip design project in Danang, marking a significant milestone for the city’s growing semiconductor and AI industries. The development is expected to drive an influx of...
The Vietnam Maritime Administration (VMA), under the Ministry of Transport, is preparing a proposal to enhance the operational capacity of public maritime infrastructure and existing port facilities to accommodate the growing number of large cargo vessels. With the...
Czech automaker Skoda is set to complete a USD 500 million car manufacturing plant in Vietnam by the first quarter of 2025. This development was confirmed during a meeting between Prime Minister Pham Minh Chinh and Klaus Zellmer, CEO of Skoda Group in January. The...
The Vietnam Textile and Apparel Association reported that the textile and garment sector reached USD 44 billion in exports in 2024, reflecting an 11% year-on-year increase. The US remains Vietnam’s largest export market, with USD 16.7 billion in turnover, up over 12%...
Sojitz Corporation, a Japanese conglomerate, has officially commenced operations at one of Vietnam’s largest beef processing plants located in Tam Dao, Vinh Phuc Province, as of December 17, 2024. This facility is pioneering in Vietnam as it is the first to...
Vietnam’s Prime Minister (PM) Pham Minh Chinh welcomed a delegation of aerospace, defense, and security companies from the US-ASEAN Business Council (USABC) in Hanoi in December 2024. The delegation, led by USABC senior vice-president Brian McFeeters and I.M....
Vietnam has demonstrated impressive growth in foreign investment in 2024, attracting over USD 27.26 billion as of October, marking a 1.9% increase from the previous year. The processing and manufacturing sector received the largest share, with USD 17.1 billion,...
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) has entered into a collaboration with the US solar manufacturer First Solar to utilize the direct power purchase agreement (DPPA) mechanism and distribute photovoltaic (PV) modules. The memorandum of understanding...
