In principle, the import tariff reductions for consumer electrics, electronics and information technology products would make products cheaper and more salable. However, distributors say the import tariff cuts will not have big effects. Since January 1, 2012, the tariff of these kinds of products have reduced by 4-10 percent under the plan to cut tariffs [...]
Brother Vietnam, a branch of the Japan-based company that produces multifunction printers, began construction of a new $25 million factory in the northern province of Hai Duong on December 19. The three-storey factory, covering a total area of 40,000m2, is expected to be finished in December 2012. Once it is put into operation, it will [...]
Retailers still can see big opportunities in the Vietnamese home appliance market after a hot development period. Therefore, they still move ahead with the plans to expand retail chains, even though the market is gloomy at this moment. Ten years after jumping into the home appliance retail market, Nguyen Kim only got four supermarkets. However, [...]
The Kyocera Mita group of Japan hosted a groundbreaking ceremony on Nov. 3 for a laser printer production plant in the northern port city of Hai Phong . Covering an area of 20 hectares at the Vietnam-Singapore Industrial Park , the plant is built with a total initial investment of $187.5 million, the largest FDI [...]
Kyung Bang Vietnam Co. Ltd, wholly invested by the Republic of Korea’s Kyung Bang Group, broke ground on a large-scale fibre factory in the southern province of Binh Duong on October 31. In the first phase, the project, located in Bau Bang industrial zone, Ben Cat district, has investment capital of US$40 million. It covers [...]
The fourth Vietnam International Electrical Technology and Equipment Exhibition 2011 (Vietnam ETE 2011) opened in Hanoi on September 7. The event was sponsored by the Department of Trade Promotion under the Ministry of Industry and Trade, and jointly organised by the Vietnam Electrotechnical Association, the Vietnam Electricity Group (EVN), and the Vietnam CIS Advertising and [...]
The 2011 Vietnam International Electrical Technology & Equipment Exhibition (Vietnam ETE) is taking place in Hanoi from September 7-10. The exhibition attracts many popular national and international manufacturers including the Vietnam Electricity Group (EVN), the LS-VINA Cable, Yongjin Vietnam Cable, V-Tech, An Phuc, Hai Thanh, Cyber Tech, Ngan Giang, Limkimhai and electric generator distributors such [...]
The market research firm GfK was still optimistic about the domestic technology market in the second quarter with a year-on-year growth rate of 6 percent, according the latest report. The research of Technical Market Index (TEMAX), conducted at some 1,000 retailers and major retail chains nationwide, showed a strong growth rate of 30 percent and [...]
Foreign electronic enterprises only seek profits when they come to Vietnam, while they do not intend to help develop supporting industries or transfer technologies. Meanwhile, domestic enterprises are still weak. This explains why Vietnam’s electronic industry remains behindhand. Foreign manufacturers flock to Vietnam… According to the Vietnam Electronics Enterprises’ Association, a lot of big foreign [...]
Jabil Circuit Incorporation, multi-functional group who provides solution for electronic industry and is listed on New York stock market with the share code “JBL”, will kick off the plant in Hochiminh City High-Tech Park (SHPT) in this September. The information was confirmed by Michael Matthes, Jabil’s Vice President of Operations-Americas at the meeting with HCM [...]
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