This agreement marks a significant step forward in the collaboration between two major automotive companies from Vietnam and China.
SuperPort Vietnam is set to become a multimodal logistics hub, linking China and Southeast Asia's freight networks with global markets.
Power China, BYD, China Rare Earth Group, Haosen electronic battery company are among the Chinese enterprises planning to make new investments in Vietnam in the near future.
Sharp plans to build another factory in Vietnam to move its supply chain away from China.
Following the success of Core5 Industrial Partners in the United States, Core5 brand is expanding into Vietnam, one of Asia’s fastest growing manufacturing and logistics hub.
Trade tensions between the U.S. and China are driving increased real-estate investor interest to Southeast Asian countries, with Vietnam’s industrial sector a key focal point, according to JLL.
Vietnam has a rather similar export manufacturing capacity with China and this is helping the nation take over some of China’s key export items to the US as the US-China trade war is escalating, according to Fiingroup.
The 176,000 tonnes of cashews that T&T Group has bought from Tanzania will bring a great deal of benefits to the local cashew market as well as enrich the global raw cashew supply.
Sharp Corporation is relocating its display production from China to Vietnam, as part of an attempt to shun new tariffs imposed by the US on Chinese-made goods that would hit LCDs and others.
The Chinese multinational electronics company is currently waiting for the investment licenses of two projects to manufacture speakers and headphones in Quang Ninh province.
The weakened dong has come as part of the Chinese yuan devaluation in the previous day, with the reported devaluation of some 0.8 per cent year-to-date, which in turn partially benefiting local exporters but also worrying importers.
In 2019 and 2020, Vietnam will be welcoming a new wave of production and manufacturing shifting from China. Such trend will give rise to the industrial property across the nation, according to CBRE.
Looking at the remainder of 2019 and for the full 2020, CBRE expects an increase in industrial supply across Vietnam to benefit from the production shifting from China given the former key economic fundamentals.
A subsidiary of Truong Hai Auto Corporation has earned a revenue of $500,000 from first shipment of bananas to China.
