Electronics assemblers cashing in
Foreign-invested manufacturers and assemblers of electronics products have generated big profits from Vietnam, which is the foundation for their consecutive expansion in the country.
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Foreign-invested manufacturers and assemblers of electronics products have generated big profits from Vietnam, which is the foundation for their consecutive expansion in the country.
Foxconn outperformed its industry rivals last year, reportedly earning VND7.5 trillion ($317 million) in after-tax profit from its 16 Vietnamese plants.
Quang Ninh province granted investment certificates to two projects proposed by Apple supplier Foxconn with total registered capital of $246 million on Thursday, just 12 hours after the applications were submitted, rather than the usual 14-day process.
A number of international businesses in Vietnam are seeking a licence for COVID-19 vaccination and RT-PCR test kit imports out of their own pocket in order to take the initiative in funding and to accelerate the government’s vaccination drive.
Covid-19 hotspot Bac Giang Province has allowed seven more businesses in its Quang Chau and Van Trung industrial parks to reopen starting this weekend. - VnExpress International