US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
BQ – the leading European technology company and VinSmart Company – a member of Vingroup have inked a comprehensive cooperation agreement to promote the production of Vsmart-branded smartphones following international standards.
According to the agreement, BQ sold VinSmart intellectual property rights to develop two smartphone products for the high-end and mid-range segments under the Vsmart brand name.
This is the important premise for VinSmart to soon launch Vietnamese-branded smartphones with future-oriented design and European-standard technology.
In addition, VinSmart will exploit BQ's strengths in almost aspects of the value chain of producing smart electronics from design, research and development to production.
At the same time, VinSmart will also work closely with BQ in the process of product research and development to apply the world's most advanced technologies to the smart electronics production.
Currently, BQ is cooperating with many prestigious technology partners around the world such as Qualcomm, Google ... and Spanish universities to research and develop products and deploy production, thereby bringing the world’s modern technologies into Vsmart products.
Speaking at the signing ceremony, Nguyen Mai Hoa, General Director of VinSmart, said: "The thing that the cooperation agreement between VinSmart and BQ was entered three weeks shortly after we had announced the production plan of Vsmart smartphone shows Vingroup efforts towards knowledge - and science-based production, which partially improves the efficiency of Vietnam’s economy."
"We are working with the world's leading companies, seeking out the qualified experts, and speeding the completion of production line. Together with VinFast, Vsmart phones will contribute to the development of Vietnam’s industry and bring the Vietnamese brand to the world," Hoa stated.
Earlier, Vingroup established VinSmart, with a charter capital of VND3 trillion ($132 million). VinSmart will focus on two main areas. The first is the production of smart electronics starting with the production of Vsmart-branded smartphone. The second is artificial intelligence (AI) research, experiment and applications as well as automation and new generation materials.
Vsmart plant with international standards will be built at VinFast auto manufacturing complex in the Hai Phong's Dinh Vu – Cat Hai economic zone.
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.