Maersk expands northern Vietnam operations with first bonded warehouse
A.P. Moller–Maersk has launched its first bonded warehouse in Vietnam, situated in the SLP Park in Nam Dinh Vu Industrial Park, Haiphong.
Kim Long Motor and Yuchai Corporation have launched a $260 million engine manufacturing plant in Vietnam, marking a significant leap for the country’s industrial ambitions.
The partnership, sealed with a strategic agreement on Thursday, was celebrated with a groundbreaking ceremony in Thua Thien-Hue's Chan May-Lang Co Economic Zone.
The state-of-the-art plant, which will roll out its first engines in early 2025, represents a major investment in Vietnam's growing automotive sector.
With a planned automation level of 90 per cent, the facility will initially produce over 12,000 engines annually, including diesel, CNG, and electric models, with further expansion on the horizon.
Beyond powering Kim Long Motor’s own vehicle production, the plant aims to supply both domestic and international markets, including ASEAN countries and South Korea. This move is seen as a key step in Vietnam’s bid to increase its footprint in the global supply chain and boost the localization of its manufacturing sector.
For the first time, Vietnam will have access to cutting-edge engine manufacturing technology, enabling the country to produce modern automotive engines and other industrial power units independently.
Provincial officials praised the ambitious project, which is set to transform the local economy. The Kim Long Motor Hue Automotive Production and Assembly Industrial Park, sprawling over 600 hectares, is expected to create thousands of jobs.
The investor is also planning to increase the total project investment to around VND 21 trillion ($880 million), with local authorities pledging full support to ensure the project’s success.
A.P. Moller–Maersk has launched its first bonded warehouse in Vietnam, situated in the SLP Park in Nam Dinh Vu Industrial Park, Haiphong.
Vietnam's T&T Group and Qatar’s JTA investment group have unveiled plan to develop a $4.5 billion international-standard sports complex and Disneyland-style theme park in Hanoi’s Dong Anh district.
This initiative aims to bring unique agricultural products from the region to visitors and consumers in Vietnam.
Michelin has been selected by NASA to participate in the research team for phase 1 of the Artemis project. The company's task involves researching and developing specialized airless wheels intended for lunar rovers.
Bcons Group has been leaving a lasting impression on the southern Vietnam’s real estate market. At the core of its achievements lies a single principle - “Trust” - the foundation that has propelled the company toward success and accelerated its transformation into a multi-industry conglomerate.
Vietnam's marketing technology landscape is evolving rapidly, propelled by a niche group of "whale" users who are driving a large portion of in-app purchases.