SMC Manufacturing Vietnam, a subsidiary of Japanese pneumatic instrument producer SMC, is investing an additional $330 million in Dong Nai province, increasing its total investment in Vietnam to nearly $1 billion. This makes SMC one of the largest Japanese investors in the region. The investment, focused on automotive manufacturing and assembly at Long Duc Industrial Park, was the largest among 14 projects granted investment certificates by Dong Nai authorities on February 7.
Former U.S. President Donald Trump has returned to office with a renewed focus on protectionist trade policies, including new tariffs of 25% on imports from Mexico and Canada and 10% on Chinese goods, effective February 4, 2025. These measures, covering $1.6 trillion in trade, mark a major shift in U.S. economic policy with potential global consequences—including for Vietnam.
Vietnam kicked off 2025 with a strong surge in foreign direct investment (FDI), reaching $4.33 billion in January—a 48.6% increase from the same period last year. Despite a slower start in new projects, additional investments and stake acquisitions skyrocketed, highlighting growing confidence from foreign investors.
Chinese electronics giant Goertek is looking to expand its manufacturing operations in Bac Ninh province with a 25-hectare extension at its production site in Nam Son-Hap Linh Industrial Park. During a meeting with Bac Ninh authorities on February 3, the Goertek delegation requested support for work permits for foreign employees and improved road infrastructure connecting to its factory.
Vietnam Sunergy Wafer, a Japan-invested solar cell manufacturer, is set to begin production at its $30 million factory in Hung Yen province this June. According to a project report, the company aims to finalize administrative procedures by May and install equipment in June, preparing for full-scale operations. The plant spans 2.65 hectares in Minh Quang Industrial Park and will focus on producing silicon wafers, a critical component in solar cells.
The Secretary General and Chairman of the Office of the National Assembly, Lê Quang Tùng, recently announced the top 10 notable events and activities of the National Assembly in 2024. Among these, three significant laws with a direct impact on the real estate market were prominently featured.
Vietnam reported about 27.26 billion USD in foreign direct investment (FDI) in the first 10 months of the year, an on-year increase of 1.9%. The capital disbursed for foreign investment projects is estimated at approximately 19.58 billion USD, up 8.8% compared to the same period in 2023.
Elon Musk’s SpaceX has reportedly requested multiple Taiwanese suppliers to shift their satellite component manufacturing operations outside of Taiwan. According to sources connected to the suppliers and internal corporate documents, this move is driven by concerns over geopolitical risks. As a result, some manufacturers have already started relocating parts of their supply chain, with Vietnam emerging as a favored destination for production.
The Foreign Investment Agency released data on newly registered, adjusted, and capital contributions or share purchases by foreign investors (FDI) after nine months of 2024.
The investor will officially begin construction of the Deli Hải Dương stationery manufacturing plant, with a total investment of USD 270 million, this weekend on September 28th in Hải Dương. This marks the largest project ever invested in an industrial park in Hải Dương Province to date.
On the afternoon of September 23 in Hanoi, Tasco and Geely signed three significant contracts and agreements, including: the joint venture agreement for automobile assembly between Tasco and Geely; the contract authorizing Tasco to distribute the Geely Auto brand in Vietnam; and a strategic cooperation agreement between Tasco, Geely, and the Management Board of the Economic Zones and Industrial Parks of Thai Binh Province.
On August 3rd, Taseco Real Estate Investment Corporation, a subsidiary of Taseco Group, held a groundbreaking ceremony for the "Construction and Infrastructure Business of Đồng Văn 3 Support Industrial Park," located east of the Cầu Giẽ - Ninh Bình expressway. The event was attended by Deputy Minister of Construction Nguyễn Tường Văn, Hà Nam's Deputy Secretary Đinh Thị Lụa, Provincial Chairman Trương Quốc Huy, and 500 distinguished guests.
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