Samsung Electronics’ factories in Vietnam have become a cornerstone of the company's global production network, manufacturing over half of its worldwide mobile devices and critical components.
Despite rising trade protectionism worldwide, Vietnam continues to set new export records and has emerged as the next manufacturing hub, CBRE said.
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.
Because of the trend of shifting production from China to Vietnam and the expansion plan, the electronic manufacturing segment is predicted to increase in recruitment demand in 2019, including middle and high-level human resources.
Vsmart plant will be built at VinFast auto manufacturing complex in the Hai Phong's Dinh Vu – Cat Hai economic zone.
Vinfast is on the right track, not only does it have the ability and great resources but also a team of world-class experts to apply modern science and technology, industrial revolution 4.0 into automobile production, according to Prime Minister Nguyen Xuan Phuc.
The market is witnessing the merging and acquisition deal of the two largest stainless steel tanks manufacturers, a moved aimed at expanding distribution system, maximizing production capacity to develop the market shares.
Early this month, VinGroup kicked off its electric automobile and motorbike manufacturing complex named VinFast located in Dong Bai commune, Cat Hai district, Hai Phong city, officially entering into the local automobile production industry.
The Ministry of Industry and Trade (MOIT) has proposed an original idea – manufacturing car models that other regional production bases do not make.
