Company Update
All ArticlesZIEHL-ABEGG EXPANDS FOOTPRINT WITH NEW PRODUCTION FACILITY IN VIET NAM
Ziehl-Abegg, a manufacturer of electric motors, air conditioning equipment, and fans that is headquartered in Germany, has just unveiled its strategic plans to establish a new production facility in Vietnam, a move aimed at expanding its global footprint.
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All ArticlesINVESTORS INCREASINGLY OPTIMISTIC ABOUT MANUFACTURING SECTOR
Confidence in the manufacturing outlook for the year ahead hit an 18-month high, with manufacturers taking on extra staff at a faster rate. According to an industry report released by S&P Global on April 1, manufacturers in Vietnam are increasingly confident that production will increase over the year ahead. Optimism is the strongest it has been in a year-and-a-half. Firms expect the launch of new products to boost output, while also hoping that an improvement in market demand will help to support … Continue reading INVESTORS INCREASINGLY OPTIMISTIC ABOUT MANUFACTURING SECTOR
HO CHI MINH CITY: A RISING HUB FOR HIGH-TECH MANUFACTURING
Vietnam is currently one of the most attractive destinations for investors in the semiconductor sector due to advantages such as a large reserve of silica and rare earth metals (used for chip manufacturing), low labour costs, favourable geographical location, and government incentives. According to Fortune Business Insights, the semiconductor market size was valued at more than $573 billion in 2022 and grew to $1.38 trillion in 2029, exhibiting a compound annual growth rate of 12.2 per cent. Leading markets in … Continue reading HO CHI MINH CITY: A RISING HUB FOR HIGH-TECH MANUFACTURING