Vietnam’s supply chain role expected to remain: AmCham

[VivaVietnamm]

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.

Vietnam’s supply chain role expected to remain: AmCham - Taipei Times

Bringing Taiwan to the World and the World to Taiwan

www.taipeitimes.com

 

[Abdus Salem killed]

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.

Vietnam’s supply chain role expected to remain: AmCham - Taipei Times

Bringing Taiwan to the World and the World to Taiwan

www.taipeitimes.com

I really respect you guys under the threat of china and previously usa growing such an industry kudos

 

[VivaVietnamm]

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.

 

[VivaVietnamm]

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.

LG Display to invest $1.4 billion in Vietnam OLED plant

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.

koreajoongangdaily.joins.com

 

[VivaVietnamm]

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.

Smartphone gập đắt hàng, Samsung sẽ mở rộng nhà máy ở Bắc Ninh

Trước nhu cầu smartphone gập tăng đột biến, hãng công nghệ Hàn Quốc sẽ thực hiện dự án mở rộng nhà máy ở Bắc Ninh, dự kiến tăng 50% năng suất hoạt động.

zingnews.vn

 

[VivaVietnamm]

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./​

Quang Ninh grants investment registration certificate to US$365.6 million FDI project

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.

news.chinhphu.vn

 

[VivaVietnamm]

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

Chống dịch hiệu quả, sản xuất tăng trưởng nhìn từ Bắc Ninh, Bắc Giang

Bắc Ninh và Bắc Giang từng là tâm dịch cả nước nhưng sản xuất trong các khu công nghiệp (KCN) ở hai tỉnh này tăng trưởng cao hơn cả trước dịch.

cafef.vn

 

[VivaVietnamm]

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

-----------
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.

Công nhân Việt Nam làm AirPods lương tháng trên 10 triệu đồng

<p>Tổng thu nhập của một công nhân làm việc khoảng 9,3 giờ/ngày trong 26 ngày sẽ là 10,4 triệu đồng, chưa kể mức thưởng nếu có.</p>

vietnamnet.vn

 

[VivaVietnamm]

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 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.

President witnesses US Quantum Group’s deal with Vietnamese joint venture

(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...

vovworld.vn

 

[VivaVietnamm]

Bac Giang starts construction of an international logistics center with a scale of 71ha

On September 26, 2021, the project of Bac Giang International Logistics Center started construction of phase 1 including 76,000m2 of warehouse and is expected to be handed over in the first quarter of 2022. CBRE officially became the exclusive marketing and leasing unit of this large-scale project. Bac Giang International Logistics Center project, whose investor is Bac Giang International Logistics Co., Ltd., is developed on an area of 71ha in Song Khe commune, Bac Giang city, Bac Giang province.

This is the project that brings the first Grade A warehouse supply in Bac Giang, in order to meet the increasing logistics demand in the Northern market. The Logistics Center is located on National Highway 1A, in the golden economic triangle of Hanoi - Hai Phong - Quang Ninh. From here, it takes customers only 45 minutes to get to Hanoi city center (50km), and 50 minutes to Noi Bai International Airport (56km). Transport infrastructure developed around the project creates favorable conditions for moving to key areas, allowing investors to save time and costs in goods trade.

The project connects with Hai Phong - Quang Ninh port cluster, industrial parks or neighboring logistics centers in Bac Ninh and Hai Duong through National Highway 1A and Hanoi - Hai Phong highway. Especially with only two hours of travel, goods can arrive at Huu Nghi Lang Son border gate - China. Bac Giang starts construction of the 71ha international logistics center - Photo 1. Bac Giang starts construction of an international logistics center with a scale of 71ha On September 26, 2021, this project started construction of Phase 1 including 76,000m2 of warehouse and is expected to be handed over in the first quarter of 2022. The rental area from 2,000m2 promises to flexibly meet all the needs of tenants of many different industries and countries, especially businesses located in neighboring industrial zones such as Song Khe Noi Hoang, Van Son, etc. Trung, Quang Chau, Dinh Tram.

This is also the area where a series of large manufacturing companies are concentrated such as Luxshare – ICT, Foxconn, JA Solar. In addition to the main source of logistics, facilities such as restaurants, product exhibitions, gas stations, and high-quality highway rest stops located within the project site also contribute to providing the best service to customers. client. For the entire leased warehouse area in phase 1, the investor has officially appointed CBRE Vietnam as the exclusive marketing and leasing unit of the project. Accordingly, CBRE will accompany the investor throughout the project; Support activities from marketing, finding tenants to signing contracts. CBRE is the world's largest real estate services company (by 2020 revenue). With more than 1,200 professionals working in two large offices in Vietnam, Ho Chi Minh City and Hanoi, CBRE Vietnam is a leading strategic consulting and real estate service provider on a wide scale. country. on a wide scale. country.

Bắc Giang khởi công trung tâm Logistics quốc tế quy mô 71ha

Ngày 26/9/2021, dự án Trung tâm Logistics Quốc tế Bắc Giang đã tiến hành khởi công giai đoạn 1 gồm 76.000m2 kho và dự kiến bàn giao vào quý 1/2022. CBRE chính thức trở thành đơn vị marketing và cho thuê độc quyền của dự án quy mô này.

cafef.vn

 

[Maharaj samudragupt]

Something for you Vietnamese comrade

 

[VivaVietnamm]

Hai Phong awarded investment certificate for the project of wharves 5 and 6 in Lach Huyen wharf area Thanh Son - September 27, 2021 14:32 On the morning of September 27, the Management Board of Hai Phong Economic Zone awarded the Investment Registration Certificate for the construction project of Wharfs 5 and 6 of Lach Huyen Wharf of Hateco Group Joint Stock Company. This project has been decided on investment policy by the Prime Minister in Decision No. 299/QD-TTg dated March 4, 2021. Hai Phong Economic Zone Authority granted investment registration certificate on September 24, 2021

The project has a total investment of 6,425 billion VND, the estimated area is about 60 hectares. The project will build 02 container berths with a total length of 750m (each berth is 375m long), receiving container ships of up to 100,000DWT (equivalent to a capacity of 8,000 Teus); 01 barge berth to receive ships and barges with a capacity of 48 Teus. In addition, there are port protection works, warehouse system, port service infrastructure, ship parking area and water area connected to Lach Huyen public navigation channel. The project is expected to start construction in December 2021 and when it comes into operation, it will meet the demand for receiving ships with an expected throughput of 25 million tons/year, employing about 600 workers.

Speaking at the ceremony, Mr. Hoang Dinh Tuan, General Director of Hateco Group Joint Stock Company, said that the Group determines this is a key project and will focus all resources to complete the preparation of procedures according to the regulations. regulation. Since then, early construction of the project will begin at the end of this year and commit to put the project into operation according to the schedule assigned by the Prime Minister. Mr. Le Trung Kien, Head of Hai Phong Economic Zone Authority (right) presents the Certificate to the investor Mr. Le Trung Kien, Head of Hai Phong Economic Zone Authority (right) presents the Certificate to the investor Representative of Hai Phong Economic Zone Authority, Mr. Le Trung Kien, Head of the Board expressed that the Board will work with relevant agencies to create the best conditions for the investor to quickly implement the project on schedule.

In addition, the investor prioritizes resources, focuses on executing the project according to the committed schedule and quality to soon put the work into operation as planned. During the process of investment, construction and operation, it is necessary to coordinate with port enterprises in the region, ensuring economic development associated with national defense and security; improve the efficiency of deep-water port operation and competitiveness with international and regional seaports. At the same time affirming, the city will provide the best technical infrastructure and services such as traffic, electricity, water, environment... to serve production and business.

International port Lach Huyen


As a hub for sea traffic in the North, the gateway to the sea of the Northern provinces, the investment in the construction of Wharfs 5, 6 along with wharves No. 1, No. 2 has been put into operation since 2015. 2018 and Wharf 3, 4 started in May 2021 will extend Lach Huyen wharf area, directly serving Xuan Cau Industrial Park and Non-Tariff Zone approved by the Prime Minister. investment in Decision No. 535/QD-TTg dated April 1, 2021. At the same time, the early putting of ports into operation and exploitation will contribute to completing the goal of Vietnam's marine economic development strategy, ensuring national sovereignty at sea, and making an important contribution to the industrial cause. to modernize and modernize the country, build a modern cargo port to meet the needs of exporting and importing goods of the Northern region directly to the European and American markets without having to transit through ports in Singapore and Hong Kong, and at the same time exploiting the advantages of natural conditions and geographical location to develop Dinh Vu - Cat Hai economic zone, promoting socio-economic development of Hai Phong city in particular and the the Northern region of VN is generally developed

Hải Phòng trao chứng nhận đầu tư Dự án bến số 5, 6 khu bến cảng Lạch Huyện

Sáng 27/9, Ban Quản lý khu kinh tế Hải Phòng đã trao Giấy chứng nhận đăng ký đầu tư Dự án xây dựng Bến số 5, số 6 Khu bến cảng Lạch Huyện của Công ty CP Tập đoàn Hateco.

baodautu.vn

 

[asaffronladoftherisingsun]

 

[VivaVietnamm]

R&D Center - a strategic piece of Samsung in Vietnam
Nguyen Duc - September 28, 2021 10:26

The picture of Samsung's strategic investment in Vietnam is about to become more complete, as an important piece of the puzzle - the Research and Development Center (R&D) - is being implemented on schedule.

Samsung's R&D center in Ho Tay New Urban Area will be completed by the end of 2022, completing the picture of Samsung's strategic investment in Vietnam.

Perfecting the picture of strategic investment

Samsung, up to this point, has always been the largest foreign investor in Vietnam, with three high-tech complexes in Bac Ninh, Thai Nguyen, and Ho Chi Minh City and an R&D center under construction. With a total investment of 17.7 billion USD, Samsung's factories in recent years have made great contributions to Vietnam's socio-economic development, especially in promoting exports.

Samsung alone, with an annual export turnover of about 60 billion USD, has contributed to 20-25% of Vietnam's total export turnover. Not only that, with the arrival of Samsung, Vietnam has become the world's mobile device manufacturing center, something that no one could have imagined before. With its efforts, Samsung is also gradually bringing Vietnamese businesses deeper into the global value chain and significantly contributing to the development of the electronics industry in Vietnam. Samsung has really turned Vietnam into its global production base. But the picture of Samsung's strategic investment in Vietnam will be less perfect, if it lacks the "piece" of R&D.

Construction of Samsung Vietnam R&D Center has reached 50% of construction progress

Practical , right from the start

major investment in Vietnam (in 2008), Samsung has determined to invest seriously and methodically for R&D activities. Initially, R&D activities were carried out at the factory in Bac Ninh, then, in 2012, "transferred" to Samsung Vietnam Mobile R&D Center (Samsung Vietnam Mobile R&D Center - SVMC), located at the headquarters. rental office (PVI building). In early 2020, Samsung really "played big" when it decided to build a "headquarters" for its R&D activities in Vietnam.

This is also the first time that Samsung has built a separate building abroad to serve R&D activities. This group currently has 37 R&D centers, but in addition to 6 centers in Korea, the remaining centers are all operating in rented offices. This proves that Samsung increasingly appreciates the role of the Vietnamese market in its investment and business activities. Choi Joo Ho himself, when announcing the plan to build a large R&D center in Vietnam, also said that it was "a strategic milestone in Samsung's investment history in Vietnam". “If in the past time, Samsung has focused on investing mainly in the manufacturing sector, with the operation of the new R&D Center, Vietnam will not only become Samsung's largest production base, but also Samsung's largest production base. is the Group's strategic R&D center,” said Mr. Choi Joo Ho. He said, with this new center, Samsung hopes to make a positive contribution, creating a premise for Vietnam to be ahead to take advantage of the opportunities brought by the 4.0 industrial revolution.

Appreciating this step of Samsung, during a visit to Samsung Thai Nguyen complex in early September 2021, Prime Minister Pham Minh Chinh asked Samsung to speed up the progress and put the new R&D Center into operation. true commitment. The head of the Government also suggested that, on the principle of mutual benefit, harmonization of benefits, and sharing of risks, Samsung should continue to have a long-term investment strategy in Vietnam, promote production - business, take care of social welfare for workers both materially and spiritually. "The government will always listen to Samsung's opinions and suggestions to make cooperation between the two sides more successful in the spirit of win-win," Prime Minister Pham Minh Chinh emphasized.

Despite the complicated development of the Covid-19 epidemic, Samsung's production and business activities in Vietnam are still quite active, with a growth rate of about 10% over the same period. Even according to Mr. Choi Joo Ho, if Samsung's factory in Ho Chi Minh City returns to normal operation in the near future, Samsung may exceed its export target this year. If so, Samsung will have another successful business year in Vietnam and will continue to make great contributions to Vietnam's socio-economic development.

In 2022, when the R&D Center is completed, the picture of Samsung's $17.7 billion strategic investment in Vietnam will become more complete. At that time, Samsung will make more contributions to Vietnam's economy and society, and will be able to fully fulfill the promise of making Vietnam a global strategic base of Samsung, not only in the field of manufacturing. production but also at the forefront of R&D. And that is also the time when Vietnam will be able to take the first steps towards becoming the world's R&D center.

Trung tâm R&D - mảnh ghép chiến lược của Samsung tại Việt Nam

Bức tranh đầu tư chiến lược của Samsung tại Việt Nam sắp trở nên trọn vẹn hơn, khi mảnh ghép quan trọng - Trung tâm Nghiên cứu và Phát triển (R&D) - đang được triển khai đúng tiến độ.

baodautu.vn

 

[VivaVietnamm]

iPhone 13 delivery times lengthen as COVID hits suppliers in Vietnam
Camera module constraints add more pressure as China power cuts hit supply chain

Apple's newly launched iPhone 13 has encountered production snags, partially associated with problems in COVID-hit Vietnam. (Photo by Arisa Moriyama)
LAULY LI, CHENG TING-FANG, and LIEN HOANG, Nikkei staff writersSeptember 29, 2021 12:02 JST
TAIPEI/HO CHI MINH CITY -- Buyers of Apple's new iPhone 13 are facing longer-than-expected delivery times due to the COVID wave in Vietnam and the U.S. tech giant's deployment of a new camera feature, Nikkei Asia has learned.
The disruption is mainly associated with constrained supplies of camera modules for the four iPhone 13 models because a significant number of its component parts are assembled in Vietnam, according to people familiar with the matter.
Supply chain sources had expected this year's rollout of new iPhones to be relatively smooth, given that most changes to the updated devices are only incremental and Apple has been able to stockpile many key components.

But the company has expanded the use of its new sensor-shift optical image stabilization (OIS) to all four iPhone models when previously it was only in the premium iPhone 12 Pro Max. This has put suppliers in the position of having to ramp up production without jeopardizing production quality, against the backdrop of severe restrictions due to COVID.
Sensor-shift OIS stabilizes sensors on the camera to make images smoother and video steadier even if users are in motion, and it is an improvement on previous technology that stabilized camera lenses.
"Assemblers can still produce the new iPhones, but there's a supply gap [in] that the inventories of the camera modules are running low," one of the executives with direct knowledge told Nikkei Asia. "There's nothing we can do but to monitor the situation in Vietnam every day and wait for them to ramp up the output."

The situation may improve as soon as around mid-October as production at one of the key iPhone camera module manufacturing facilities in southern Vietnam has gradually resumed in recent days after several months of on-and-off disruption, another executive familiar with the situation told Nikkei.
The current waiting time for an iPhone 13 Pro Sierra Blue with 512 gigabytes (GB) of storage is up to five weeks in China -- Apple's third-largest market -- while waiting time for the same model is also five weeks in Japan and four weeks in the U.S., according to the company's website. Even waiting time for the iPhone 13 mini, which comes with the smallest screen of the four new iPhones, is seven to 10 days in China and the U.S. and up to 15 days in Japan.
Apple declined to comment for this story.

Vietnam, an emerging tech manufacturing powerhouse, has been suffering from a surge in COVID cases since April. © Getty Images
Like other companies, Apple has been wrestling with unprecedented chip and component shortages for the whole year that have held back its revenues. It has diverted some chips meant for its new iPads for use in the iPhone 13 series, which has also led to longer-than-expected delivery times for the new iPad and iPad mini, one of the people with direct knowledge said. Apple has limited consumers in China to a maximum of two iPad purchases for the newly launched models, its website showed, a sign that these supplies are also constrained.
Meanwhile, many Apple suppliers are now scrambling to respond to a widespread production stoppage this week in several Chinese cities in Jiangsu, Zhejiang and Guangdong provinces -- home to many tech manufacturers. Beijing's tightening control of energy consumption has led to a halt in industrial power supply across the provinces.
So far, key iPhone assemblers Foxconn, Pegatron and Luxshare have not yet been significantly affected by the power cuts, Nikkei learned. But still unknown is the scope of a potential chain reaction from production halts at the makers of materials, components, modules and parts. Suppliers are worried about another wave of unexpected power supply stoppages next month.

Vietnam, an emerging tech manufacturing powerhouse that has received a boost from the U.S.-China trade conflict, has been suffering from a surge in COVID cases since April. The southern part of the country, including Ho Chi Minh City and Binh Duong Province, where some tech suppliers are based, has been heavily hit by the delta variant.

Suppliers for the likes of Apple, Netflix, Nike and Ikea were forced to suspend production in mid-July as the government imposed strict measures to contain the deadliest wave of the virus so far. Companies could stay open only if workers lived on-site, although it has since allowed more factories to reopen if workers are vaccinated, tested regularly and living in uninfected areas.

The U.S., European and South Korean chambers of commerce in Vietnam -- all representing key foreign investors -- earlier this month voiced concerns to the Vietnamese government that overly strict COVID lockdown measures could risk businesses' willingness to invest in the Southeast Asia nation. One survey showed 20% of companies have already shifted production abroad.
Prime Minister Pham Minh Chinh on Saturday said the government aims to bring the country back to something resembling normal by the end of this month.

"There's indeed a constrained supply of camera modules for the iPhone 13 series due to the pandemic, but the impact on the shipment of the new iPhones should still be manageable," Eddie Han, a senior analyst with Isaiah Research, told Nikkei Asia, citing his supply chain checks.
Han said it would be worrisome if the power supply restrictions in China continue to affect printed circuit boards, materials and petrochemical suppliers, as then it will likely impact component supplies for iPhones in the coming quarter.

iPhone 13 delivery times lengthen as COVID hits suppliers in Vietnam

Camera module constraints add more pressure as China power cuts hit supply chain

asia.nikkei.com

 

[VivaVietnamm]

Hai Phong controls the Covid-19 epidemic well, LG invests "strongly" © AFP 2021 / Jung Yeon-Je

08:30 01.09.2021
HANOI (Sputnik) - The LG Display Hai Phong project continues to receive an additional $1.4 billion in investment this year. With this new investment, the output of plastic OLED screens will increase to about 14 million products a month, creating more jobs for 10,000 workers.

Create 10,000 more workers in Hai Phong
Hai Phong City's web portal said that on the morning of August 31, the Management Board of Hai Phong Economic Zone awarded an investment registration certificate to increase capital to LG Display Vietnam Hai Phong Company.

LG logo
© AFP 2021 / JUNG YEON-JE
What is happening at LG's smartphone factory in Vietnam?
With the new investment, LG Display will bring the total investment capital to 4.65 billion USD and become the largest foreign investor in this locality.

This is the second time this year that LG Display Vietnam Hai Phong has received additional capital. Before that, in February, the business was poured another 750 million USD.

LG Display Hai Phong project located in Trang Due industrial park was first granted investment certificate in April 2016, with a capital of 1.5 billion USD, specializing in manufacturing plastic OLED screens for mobile devices, OLED TV screen, LCD screen...

With this new investment, LG Display will increase production of plastic OLED screens from 9.6-10.1 million units to 13-14 million units per month. Export revenue is expected to increase by about 6.5 billion USD a year, contribute about 25 million USD to the state budget and create more jobs for 10,000 workers.

A bright spot in the Covid-19 pandemic
On the morning of August 31, Tran Luu Quang, Member of the Party Central Committee, Secretary of the City Party Committee, Head of the Hai Phong National Assembly Delegation visited Trang Due Industrial Park and attended the awarding ceremony of the adjusted investment registration certificate for LG Display Company. Vietnam.


Speaking at the ceremony, Mr. Tran Luu Quang, Secretary of the City Party Committee emphasized that the awarding of the Investment Certificate for the project is an affirmative proof of a Hai Phong city a good investment destination, especially in the region. complicated situation of the current COVID-19 pandemic.

Hai Phong is also one of the 07 provinces and cities with no secondary infections in the area in the past 14 days. It can be said that thanks to the good control of the Covid-19 epidemic, this is a fertile land to attract new investments.

At the same time, the investment environment of Hai Phong is also continuously improved, production and business of enterprises are increasingly efficient; LG Company has continuously adjusted to increase investment capital and expand the production scale of the project.

Hải Phòng kiểm soát dịch Covid-19 tốt, LG đầu tư "mạnh tay"

HÀ NỘI (Sputnik) - Dự án LG Display Hải Phòng tiếp tục được tăng vốn đầu tư thêm 1,4 tỷ USD trong năm nay. Với khoản đầu tư mới này, sản lượng màn hình OLED nhựa sẽ tăng lên thành khoảng 14 triệu sản phẩm một tháng, tạo thêm việc làm cho...

vn.sputniknews.com

 

[VivaVietnamm]

Sunny Group: Thai Nguyen will be the biggest "base" outside of China

Updated: Monday, September 27, 2021 - 16:43

Sunny Opotech Vietnam Co., Ltd built on an area of 20ha in Yen Binh Industrial Park (Pho Yen Town), is expected to come into operation from September 30, 2021. Sunny Opotech Vietnam Co., Ltd. has just made a decision to invest another USD 260 million (equivalent to about VND 6,000 billion) to continue implementing Project No. 2 in Thai Nguyen, and is expected to invest USD 350 million in the future. within the next 3 years to become the second largest investor in the province.

Previously, along with a strong wave of investment from high-tech investors in Thai Nguyen, the Company implemented a project to build a factory to manufacture, process and assemble camera modules in Yen Industrial Park. Binh (Pho Yen town) from October 2020 with a total initial investment of 9.8 million USD, has now increased to nearly 30 million USD. Camera module production, processing and assembly line at Sunny Opotech Vietnam Co., Ltd.

Currently, the company is installing equipment and production lines. In addition to equipment related to the fields of opto-electronics, optics and instrumentation, the Company also independently researches and develops fully automatic multi-function testing equipment, integrating multi-function testing. process, automatic robotic arm loading and unloading materials, with independent intellectual property rights. With a construction scale on an area of 20ha, expected to come into operation from September 30, 2021, the Company will create jobs for about 800 employees and increase to 8000 employees within the next 3 years. Sunny Opotech Vietnam Co., Ltd. is a member of Sunny Group, China, established in 1984, a leader in opto-electronic, optical and instrumentation equipment worldwide.

Currently, Sunny Group also develops the field of phones, mobile devices and medical devices. The group is striving to build the factory in Thai Nguyen to become the largest factory outside of China within the next 3 to 5 years.

Tập đoàn Sunny: Thái Nguyên là “cứ điểm” lớn nhất ngoài Trung Quốc

Tập đoàn Sunny: Thái Nguyên là “cứ điểm” lớn nhất ngoài Trung Quốc

baothainguyen.vn

 

[VivaVietnamm]

India wants to open a 500 million pharmaceutical industrial park in Vietnam, with a target of 5 billion USD in export revenue

In early August, within the framework of trade and investment promotion in the pharmaceutical sector in Hyderabad city, the Vietnamese Embassy connected a group of Indian investors with representatives of local governments. in Vietnam to introduce and promote the idea of building pharmaceutical parks (pharma parks) - specialized industrial parks in the field of pharmaceuticals.

The purpose of this industrial park is to welcome the "big guys" in the field of pharmaceutical production from India as well as internationally to Vietnam. In fact, this model has been deployed very successfully in Hyderabad and other localities of India, making the country the third largest pharmaceutical manufacturing power in the world.

The industrial park "Pharmaceutical Park" will have a scale of about 500 hectares with an initial investment of about 500 million USD, with the desire to create jobs for 50,000 direct workers and 200,000 indirect workers. export revenue reached about 5 billion USD.

According to IBEF data, India supplies more than 60% of different vaccines globally, accounting for 20% of the world's exports of generic drugs. More than 40% of generic drug demand in the US and 25% in the UK is supplied by India. More than 80% of antiretroviral drugs used globally to fight HIV-AIDS are manufactured by Indian pharmaceutical companies.

By the end of August, Indian businesses have made a move to invest in the "Pharmaceutical Park" project in Thanh Hoa during an online working session with Ambassador Pham Sanh Chau, Counselors, and Ambassador officials. Vietnamese restaurant in India with Standing Vice Chairman of Thanh Hoa Provincial People's Committee Nguyen Van Thi.

Here, Indian investors expressed their desire to find investment infrastructure, develop production within 99 years in areas with a sustainable investment environment, connected to the transport system - Convenient transportation, especially the air and water transport system...

So why did India choose Vietnam to deploy the Pharmaceutical Park?

According to a report by SSI Research, at present, India is an important API (pharmaceutical) supplier to Vietnam. In addition, Indian pharmaceutical companies are now boosting production capacity when the Government of this country implements a cash incentive package worth 200 million USD for API factories producing antibiotics, anti-HIV drugs, vitamins. and 51 other important pharmaceutical ingredients.

Regarding Pharmaceutical Park, SMS Group's Chairman, Mr. Ramesh Babu, previously expressed his expectation that this will be a "strategic lever" to turn Vietnam into a research, development and production base. leading pharmaceutical of Southeast Asia and the world.

"These specialized industrial parks are where the production chain of pharmaceutical products from raw materials to finished products. With the advantage of a closed process, large scale, concentration and convenient locations, pharmaceutical park. helping companies reduce investment costs, but increase efficiency and effectiveness of development and production, and improve competitiveness," added a representative of SMS Pharmaceuticals.

Before Covid-19, the market size of Vietnam's pharmaceutical industry in 2018 reached $5.9 billion, up 11.5% over the previous year. This helps Vietnam become the second largest pharmaceutical market in Southeast Asia, one of the 17 countries with the highest growth in the pharmaceutical industry.

Along with the growth of the pharmaceutical industry, in recent years, the per capita spending on pharmaceuticals in Vietnam has also increased.

According to statistics, per capita spending on drugs in Vietnam has increased from US$9.85 in 2005 to US$22.25 in 2010 and continued to nearly double in 2015, with US$37.97. Particularly in 2017, the average spending on medicine of Vietnamese people was about 56 USD/person (about 1.3 million VND).

In 2018, the World Health Organization for the Western Pacific and the OECD published a study evaluating and comparing health and drug spending in countries in the region. , including Vietnam.

In which, Australia spent 684 USD, Thailand 600 USD, Korea 583 USD, New Zealand 392 USD, Vietnam increased to 124 USD (equivalent to nearly 2.9 million VND). At the bottom of the table is Cambodia with a cost of 81 USD/year, Laos 27.3 USD.

The pandemic also caused the revenue of Vietnam's pharmaceutical industry to drop sharply compared to previous years. However, according to the SSI expert group, by 2022, pharmaceutical companies are forecast to have strong recovery results and may reach pre-Covid-19 levels.

In particular, it is expected that the drug approval process will also take place faster in the second half of this year, after a significant delay from 2020 until now due to some regulatory problems of the Drug Administration of Vietnam.

This will create conditions for Vietnam to welcome many large corporations in the field of pharmaceutical production, especially Indian ones, for the Pharmaceutical Park to come into operation soon.

Đằng sau lý do 'ông lớn' Ấn Độ muốn mở KCN dược phẩm 500 triệu tại Việt Nam, mục tiêu doanh thu xuất khẩu 5 tỷ USD

Điều gì khiến các tập đoàn Ấn Độ lựa chọn Việt Nam để xây dựng Công viên Dược phẩm - mô hình giúp quốc gia này trở thành cường quốc sản xuất dược phẩm lớn thứ 3 thế giới?

cafef.vn

 

[VivaVietnamm]

Japanese investor starts work on R&D centre in Đà Nẵng
Update: October, 05/2021 - 15:05
|

Excavators and trucks begin construction on the Fujikin R&D Đà Nẵng project at the city's Hi-tech Park. It's the first Fujikin R&D centre in Việt Nam worth US$35 million for operation in the second quarter of 2022. Photo courtesy of Phạm Trường Sơn
ĐÀ NẴNG — Fujikin International Incorporated from Japan officially commenced construction of an R&D centre at Đà Nẵng High-Tech Park worth a total of US$35 million, seven months after getting an investment licence.

Fujikin said the Đà Nẵng-based R&D centre is its first in Việt Nam after developing a series of projects in Osaka and Tsukuba in Japan as well as plants in the US, South Korea and Ireland.
It’s also the seventh investment project from Japan at the ‘green’ and hi-tech hub in the city and central Việt Nam, promoting Japanese investment projects to the top of foreign investors in the city with 55 in total worth $680 million.

The Đà Nẵng Hi-tech Park and Industrial Zones Authority (Đà Nẵng HPIZA) said the Fujikin Đà Nẵng factory plans to produce air valves using semi-conductor production lines, medical equipment, robots, drones, nano technology, new energy tech using hydrogen, facilities for the environment and Artificial Intelligence (AI).
It expects to be put into operation and provide products to the market in the second quarter of 2022, marking the 20th year of investment in Việt Nam by Fujikin.
The project inked a human resources training deal with Đà Nẵng College for Science and Technology under the Đà Nẵng University to provide high-quality manpower for the Fujikin Đà Nẵng R&D Centre in the coming years.
The central city said the Fujikin project is an exemplary investment project in celebration of the 50th anniversary of Japan-Việt Nam diplomatic ties in 2023, and friendship co-operation between Việt Nam and Japan as well as Đà Nẵng.
Head of the Đà Nẵng Hi-tech Park and Industrial Zones Authority (Đà Nẵng HPIZA), Phạm Trường Sơn said despite lockdowns and social distancing regulations, the 1,100ha ‘green’ hi-tech park attracted 17 projects, of which four were foreign direct investment (FDI) worth $145.31 million, and VNĐ544.4 billion ($23.7 million) from domestic projects in the first nine months of 2021.
The hi-tech park and six industrial zones of Đà Nẵng have drawn 503 projects including 130 FDI worth $1.8 billion and VNĐ27.56 trillion ($1.2 billion) from domestic investors.
A series of investors including aerospace components manufacturer Universal Alloy Corporation (UAC) of the US; Tokyo Keiki Precision Technology Inc and Niwa Foundry from Japan; and Dentium company from South Korea already operate factories at the hi-tech park.
Earlier this year, Japanese Daiwa Việt Nam company also began building its third factory in the central city’s Hòa Khánh Industrial Zone with an investment of $40 million, bringing its investment in Đà Nẵng to $90 million in 2005-20

Japanese investor starts work on R&D centre in Đà Nẵng

Fujikin International Incorporated from Japan officially commenced construction of an R&D centre at Đà Nẵng High-Tech Park worth a total of US$35 million, seven months after getting an investment licence.

vietnamnews.vn

 

[VivaVietnamm]

Samsung increases production capacity in Vietnam

Samsung Electronics will expand its foldable production capacity amid the rising fever for the Galaxy Z Fold3 and Z Flip3 models globally.

A Samsung factory in Vietnam

According to The Korean Economics Daily, Samsung's display unit Samsung Display will kick off an expansion project at their factory in Bac Ninh (Vietnam) in the second half of this year, with the goal of being fully operational by the end of this year. or not later than the beginning of next year. Experts say that once Samsung completes the expansion, the company will be able to produce 10 million Galaxy Z Fold and 15 million Z Flip units per year. Samsung's decision to increase capacity is mainly due to high market demand. Its third-generation foldable phones recorded 920,000 pre-orders in South Korea, 1.8 times higher than the previous Galaxy S21.

The number of pre-orders for the new foldable phone is even higher in China at over 1 million. Sources say the number of pre-orders in the US also surpassed Samsung's second-generation foldable device sales in the country between January and July 2021. A source close to Samsung revealed that Samsung's foldable factories are already operating at full capacity. Samsung has no choice but to expand its facilities, specifically it can add three more production lines compared to the current seven, helping the company manage production volumes flexibly. than. Samsung's success in the field of foldable smartphones comes from its third-generation product line.

Its first generation, the Galaxy Fold, was launched in 2019 and sold only 500,000 units globally. Last year, the second generation of foldable smartphones including the Galaxy Z Fold2 and Z Flip also sold about 1.5 million units globally. On the other hand, Samsung has produced more than 3 million units of Galaxy Z Fold3 and Z Flip3 in the past two months to meet skyrocketing demand by operating factories at full capacity, reaching 1.5 million units per month.

Samsung increases production capacity in Vietnam - photo 1 Galaxy Z Flip3 receives the attention of young people thanks to its good price, stylish style In June, market research firm Display Supply Chain Consultants (DSCC) expected the display industry to produce about 8.9 million foldable displays this year. However, in August, DSCC increased its forecast to 10.4 million screens due to growing demand for Samsung devices. The company also predicts the number for 2022 to be 16.4 million foldable screens. Kim Ji-san, head of research at Kiwoom Securities, said, "Samsung will lead the smartphone industry as the new foldable design becomes more familiar and popular with global consumers." Consumer experts highlight design as the key success factor of Samsung's third-generation foldable devices compared to its predecessors. They note the design of products like the Galaxy Z Flip3 is actually better than Apple's iPhone rival. Samsung currently has 6 factories and is planning to build an R&D center in Vietnam. The company has invested more than 17.7 billion USD in Vietnam and currently has 110,000 employees. It is expected that by the end of 2022, Samsung's R&D center in Hanoi will come into operation with about 3,000 Vietnamese engineers expected to work here. Samsung tăng năng lực sản xuất tại Việt Nam Samsung Electronics sẽ mở rộng năng lực sản xuất thiết bị gập lại trong bối cảnh cơn sốt tăng lên đối với các mẫu Galaxy Z Fold3 và Z Flip3 trên phạm vi toàn cầu. thanhnien.vn