Vietnam’s supply chain role expected to remain: AmCham

VivaVietnamm

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The COVID-19 pandemic has disrupted, but not derailed Vietnam’s expanding role in global supply chains and growth prospects, American Chamber of Commerce in Hanoi (AmCham Hanoi) executive director Adam Sitkoff said yesterday.

The nation has struggled to maintain manufacturing and exports amid the pandemic, one of the key fronts in the battle to keep international trade running for goods including clothes, computer chips and vehicles.

Vietnam’s commercial hub, Ho Chi Minh City, is to continue to enforce a stay-at-home order at least until Wednesday next week, but allow residents in areas with low reports of virus cases to visit supermarkets once a week.


A man waters plants on a balcony in Hanoi on Thursday last week.
Photo: AFP
Ho Chi Minh Mayor Phan Van Mai said that the city would gradually restart more services after that date if efforts to contain the virus show signs of success.

“Even with the supply chain and shutdown problems they have because of COVID right now, Vietnam’s still going to do very well economically and it’s becoming, every day, a more important piece of the global supply chain — especially for things that affect American consumers,” Sitkoff told Bloomberg Television’s Haslinda Amin and Rishaad Salamat.

Although “COVID got in the way” of further supply-chain gains and with the full vaccination rate under 3 percent, Sitkoff said that he still expects Vietnam to attract investment, including from further relocations out of China.

For now, AmCham Hanoi is aiming to ensure that COVID-19 policies are “the least disruptive to business as possible,” as firms look for ways to smooth out deliveries leading into the critical year-end holiday season, Sitkoff said.

Analysts at Australia & New Zealand Banking Group (ANZ) sounded a similar tone, highlighting Vietnam’s longer-term prospects despite the current “deep slump” in domestic demand.

“Beyond the near-term challenges, Vietnam’s medium-term economic prospects remain favorable,” analysts including Dhiraj Nim and Khoon Goh (吳昆) wrote in a report.
 

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The COVID-19 pandemic has disrupted, but not derailed Vietnam’s expanding role in global supply chains and growth prospects, American Chamber of Commerce in Hanoi (AmCham Hanoi) executive director Adam Sitkoff said yesterday.

The nation has struggled to maintain manufacturing and exports amid the pandemic, one of the key fronts in the battle to keep international trade running for goods including clothes, computer chips and vehicles.

Vietnam’s commercial hub, Ho Chi Minh City, is to continue to enforce a stay-at-home order at least until Wednesday next week, but allow residents in areas with low reports of virus cases to visit supermarkets once a week.


A man waters plants on a balcony in Hanoi on Thursday last week.
Photo: AFP
Ho Chi Minh Mayor Phan Van Mai said that the city would gradually restart more services after that date if efforts to contain the virus show signs of success.

“Even with the supply chain and shutdown problems they have because of COVID right now, Vietnam’s still going to do very well economically and it’s becoming, every day, a more important piece of the global supply chain — especially for things that affect American consumers,” Sitkoff told Bloomberg Television’s Haslinda Amin and Rishaad Salamat.

Although “COVID got in the way” of further supply-chain gains and with the full vaccination rate under 3 percent, Sitkoff said that he still expects Vietnam to attract investment, including from further relocations out of China.

For now, AmCham Hanoi is aiming to ensure that COVID-19 policies are “the least disruptive to business as possible,” as firms look for ways to smooth out deliveries leading into the critical year-end holiday season, Sitkoff said.

Analysts at Australia & New Zealand Banking Group (ANZ) sounded a similar tone, highlighting Vietnam’s longer-term prospects despite the current “deep slump” in domestic demand.

“Beyond the near-term challenges, Vietnam’s medium-term economic prospects remain favorable,” analysts including Dhiraj Nim and Khoon Goh (吳昆) wrote in a report.
I really respect you guys under the threat of china and previously usa growing such an industry kudos
 

VivaVietnamm

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I really respect you guys under the threat of china and previously usa growing such an industry kudos
Thats how we survive next to a bad country that at least 30 times bigger than VN like China, not mentioning China occupied VN in 1,000 years till 10th century and China even bowed down to their master US just to attacked VN in 1979.

18-war-dang-upi.jpg
 

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LG Display to invest $1.4 billion in Vietnam OLED plant
September 1, 2021

LG Display's production complex in Paju, Gyeonggi [YONHAP]

LG Display is investing $1.4 billion in Vietnam to expand production of organic light-emitting diode (OLED) displays, which are used in TVs, smartphones and automotive screens.

The company, which supplies screens to Apple for iPhones, will expand an existing plant in the northern port city of Hai Phong, according to the city's government and LG Display on Wednesday.

At the Hai Phong factory, LG Display combines panels with chips and other components to make OLED modules.

With the investment, LG Display will increase monthly production capacity of OLED modules from between 9.6 million and 10.1 million to between 13 million and 14 million, according to a statement released by Hai Phong city.

LG filed an application on Aug. 26 to expand the factory and the city government approved it Tuesday.

LG Display is the largest foreign investor in the city, according to its government. In February, it announced an injection of $750 million into the Hai Phong facility. With the new investment, its total investment will rise to $4.65 billion.

A spokesperson for LG display said that the expansion will increase production of both large panels for TVs and smaller ones for phones and car displays.

As the sole maker of large OLED panels for TVs, LG Display is enjoying surging demand for OLED TVs, which were considered pricey luxuries when liquid crystal display (LCD) TVs were the norm. Prices consistently fell in recent years as more TV manufacturers – including Sony, Xiaomi and Vizio - started selling OLED models, some with screens made by LG Display.

This year, a steep rise in the price of LCD panels have made OLED TVs even more competitive.

Shipments of OLED TVs by LG Electronics hit an all-time high in the second quarter of 945,600 units, according to market tracker Omdia.

LG Display’s standing in the small-and-mid-sized OLED segment is less prominent. Samsung Display had a market share of 82.1 percent as of June. LG Display claims a 7.5 percent share.

To close that large gap, LG Display announced earlier this month that it will invest 3.3 trillion won ($2.9 billion) to build a new production line for smaller OLED panels in Paju, Gyeonggi.

 

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Folding smartphone selling well, Samsung will expand its factory in Bac Ninh

Ngoc Phuong Linh Saturday, September 4, 2021 13:43 (GMT+7)

In the face of a sudden increase in the demand for folding smartphones, the Korean technology company will carry out a project to expand the factory in Bac Ninh, expected to increase by 50 % operating capacity.
According to Korea Economic Daily, realizing that folding smartphones can become a weapon to compete with Apple and Xiaomi, Samsung Electronics Company will increase operational productivity for products such as Samsung Galaxy Z Fold 3 and Z Flip 3.

Samsung is starting a factory expansion project in Bac Ninh province in the second half of this year, expected to go into operation by the end of 2021, no later than the beginning of 2022. After completing the project, industry experts Samsung is expected to be able to produce 10 million Z Fold and 15 million Z Flip per year.

Immediately after the launch, the demand for Samsung's folding phone models increased. The Korean brand recorded 920,000 domestic orders, 1.8 times higher than the previous Galaxy S21 version. Even the number of pre-orders in China surpassed 1 million units.

Other sources also said that pre-orders in the US market are surpassing sales of Samsung's 2nd generation folding smartphone version (from January to July this year).

Previously, the first-generation Galaxy Fold version, launched in 2019, sold only 500,000 units globally. In 2020, sales of Galaxy Z Fold 2 and Galaxy Z Flip in the world reached 1.5 million units.

In the past 2 months, Samsung has operated factories at full capacity with an output of 1.5 million units/month, exporting more than 3 million units of Galaxy Z Fold 3 and Z Flip 3 to the market.


Samsung has just moved to Bac Ninh with a new smartphone, increasing 50% of its capacity 1
Samsung's 3rd generation folding smartphone series is setting many sales records. Photo: The Verge.
“Samsung's folding factories are already operating at full capacity. Samsung has no choice but to expand the factory. Samsung may add 3 more production lines compared to the current 7 lines. This allows the company to manage production volumes more flexibly,” said a source close to Samsung.

In June 2021, market research firm Display Supply Chain Consultants (DSCC) forecast that the display industry will produce 8.9 million units of foldable displays in 2021. By August, DSCC regulates revised forecast to 10.4 million screen units in 2021 and 16.4 million units in 2022.

Market research firm Strategy Analytics forecasts 13 million foldable smartphones will be sold worldwide by 2022 and 37 million units by 2023. Counterpoint Research also forecasts sales will increase from 9 million units in 2021 to 30 million. units in 2023.

If these predictions are correct, folding phones will have the same market share as Samsung's most successful products like the Galaxy S10 and S20, which sold 36 million and 28 million units globally in their first year, respectively. eye.

Currently, Samsung's smartphone market share in the first half of 2021 reached 19.8%, down compared to the same period in 2019.

In the Galaxy Z Flip 3 version, Samsung has increased the screen area by 4 times compared to the previous model. Therefore, users can perform many selfie operations or digital payments even when folded.

Galaxy Z Fold 3 has a 7.6-inch screen, supporting users to perform many tasks at the same time such as watching videos, taking notes with the S Pen. Worth mentioning, Samsung has reduced the price of the Z Fold 3 and Z Flip 3 models by about 400,000 won ($340) compared to the 2nd generation version.

 

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Quang Ninh grants investment registration certificate to US$365.6 million FDI project
22:27 | 19/09/2021

VGP - Authorities in the northern province of Quang Ninh granted an investment registration certificate to a US$365.6 million project of Jinko Solar Viet Nam Co. Ltd., an affiliate of the Jinko Solar Holding Co. Ltd.
Construction of the project will start in late September inside the Song Khoai Industrial Park (AMATA) and will produce its first silicon wafers in December this year.​
Covering an area of 20.1 hectare, the project is the highest value from foreign investment in the province with aim to manufacturing, installing and selling mono-crystal silicon ingots and wafers, as well as studying science and developing technologies.​
Designed capacity of the project is approx. 1.43 million silicon wafers annually. When it goes under operation, the project is expected to create 2,188 jobs, including 1,946 for national employees and 242 foreign experts and technicians.​
JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 27 GW for mono wafers, 12 GW for solar cells, and 31 GW for solar modules, as of June 30, 2021.​
Quang Ninh is expected to license new projects and adjust capital in existing projects at a total value of approx. US$1.2 billion by the end of the year, two times higher than last year. In the first nine months of this year, the province drew US$1.067 billion in new and existing projects, compared to 398 million USD in the same time last year./​

 

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Effective anti-epidemic, production growth seen from Bac Ninh, Bac Giang
September 21, 2021 - 09:10 AM |

Bac Ninh and Bac Giang used to be the epidemic centers of the country, but production in industrial zones (IZs) in these two provinces grew higher than before the epidemic.

Talking to reporter Tien Phong, Ms. Nguyen Huong Giang, Chairman of Bac Ninh Provincial People's Committee, said that Bac Ninh was once the epidemic center of the whole country, there were times when many F0 cases appeared in industrial parks, causing businesses to face difficulties. little difficulty. However, Bac Ninh province still persists in implementing the dual goal of both fighting the epidemic and maintaining production.

Currently, industrial zones in Bac Ninh province have 1,104 enterprises out of a total of 1,120 that have returned to normal operation. Industrial production value increased by 9.8% over the same period last year. Especially, despite the outbreak, many industrial products increased sharply compared to the same period last year, such as mobile phones (22%), smart watches (24%), electronic components (46%). . Some FDI enterprises have made dossiers to increase investment capital.

Ms. Giang shared that Bac Ninh's experience in both combating the epidemic and producing success is flexibly implementing epidemic prevention measures in accordance with the actual situation from time to time in industrial zones. When the outbreak was most intense, many localities in the province implemented Directive 16 of the Prime Minister, Bac Ninh province required businesses to arrange dining, accommodation and living areas for workers in factories.

Outside the factory, schools, workers' quarters are used for workers to live in rotation. At the same time, Bac Ninh province set up 40 working groups with the task of inspecting businesses and enterprises that are eligible for epidemic prevention and control to be allowed to operate. “Experience shows that large enterprises often perform very well in epidemic prevention and control regulations. This is an important basis for the government to allow businesses to operate in the context of the outbreak," emphasized Ms. Giang.

Bac Ninh allows passenger cars to operate, meetings with less than 30 people

On September 19, Bac Ninh Provincial People's Committee issued an official dispatch on the implementation of COVID-19 prevention and control measures in the new normal state. Accordingly, conferences and seminars with less than 30 people are held normally. Fixed passenger transport routes and means of transport operate normally but must thoroughly implement epidemic prevention and control measures under the guidance of the health sector. Bao An

According to Ms. Giang, when the epidemic eases, Bac Ninh province implements easing measures in areas with many workers, arranges transportation for workers to concentrate to the factory, minimizes contact with outsiders. outside. Workers are mainly only in the factory and in the accommodation area.

When the epidemic is basically under control, Bac Ninh province supports businesses to bring workers in other localities back to work to meet production requirements in the new normal.


“Currently, we are still activating the existing epidemic prevention mechanisms, such as periodic testing in the enterprise. The district-level People's Committees arrange workers in the same accommodation according to each enterprise in order to manage workers and hostels more safely, build software to manage motels and workers, "shared Ms. Giang.

Together against the epidemic

Dao Xuan Cuong, Head of the Management Board of Bac Giang Industrial Zones, said that success in Bac Giang in both fighting the epidemic and producing in industrial zones is the consensus and synergy from all levels of government and businesses. and workers. From the top leaders of the province to workers, they are all responsible for epidemic prevention for production.

Regarding how to prevent epidemics in industrial zones in Bac Giang province, when the epidemic breaks out, it is necessary to clean up the epidemic area, urgently clean the entire industrial zone, in case of necessity, by testing to select safe workers. fully and put into production area. The cleaning of the epidemic area must be urgent, but it must not be rushed to bring workers into production where it is not safe to get there.

“Depending on each stage and epidemic situation, testing for workers is conducted at an appropriate frequency, possibly every 3 days, 5 days or 7 days, both to screen workers to help ensure product safety. output and save costs for businesses. Along with that, workers need to be vaccinated and perform 5K testing, split production. Workers in the same workshop eat together to limit contact," said Mr. Cuong.

According to Mr. Cuong, at enterprises in industrial zones, it is necessary to establish safe COVID groups for each small group of workers (about 30 people). These COVID nests are the extension arm of the authorities to prevent the epidemic. COVID team members are safe to watch

 

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Bac Ninh has the largest Samsung factory in VN while Bac Giang has Luxshare factory manufacturing Ipod. Worker's incomes are from 400 to 440 USD per month

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Vietnamese workers make AirPods with monthly salary of over 10 million VND
May 28, 2020 11:12 GMT+7
The total income of a worker working about 9.3 hours/day for 26 days will be 10.4 million VND (457 USD), not including the bonus if any.


On May 22, images of AirPods Pro assembled in Vietnam were posted by many news sites. According to The Information, two familiar Apple partners, Goertek and Luxshare-ICT, may participate in the production of AirPods Pro in Vietnam. In particular, Luxshare-ICT used to be the first company to process Apple's latest generation of headphones.

Currently, Luxshare-ICT has three factories in Vietnam located in Bac Giang, Bac Ninh and Nghe An. In early 2020, Luxshare-ICT opened a recruitment round with more than 12,000 workers and is still looking for workers for assembly lines.

 

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President witnesses US Quantum Group’s deal with Vietnamese joint venture
Thursday, September 23, 2021 | 17:46:25


(VOVWORLD) - President Nguyen Xuan Phuc on Wednesday met Arun Savkur, CEO of the US’s Quantum Group, in New York and witnessed a cooperation agreement between Quantum and a Vietnamese joint venture – that of the Kinh Bac City Development Holding Corporation (KBC) and the Saigon Telecom Technology Joint Stock Company (SAIGONTEL).
President witnesses US Quantum Group’s deal with Vietnamese joint venture - ảnh 1President Nguyen Xuan Phuc meets with Arun Savkur, CEO of the US’s Quantum Group. (Photo: VNA)
Savkur said Quantum is committed to contributing to Vietnam’s development with a series of projects worth as much as 30 billion USD. Quantum wants to support Vietnam’s COVID-19 fight by operating healthcare facilities that combine the West’s cutting-edge technology and Oriental traditional medicine. Savkur said Quantum intends to invest in building a center in Vietnam for COVID-19 vaccine production. He said he is optimistic that Quantum’s investment projects in Vietnam will bolster Vietnam-US economic relations.


President Phuc praised Quantum’s achievements around the world, and said Quantum’s investment projects in Vietnam are of strategic importance, especially those in high-tech industrial production and infrastructure. He encouraged Quantum to invest in biotechnology research and other healthcare-related projects.

 

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