Vietnam has the second-lowest operating costs among nine popular manufacturing locations in Asia and is a market with great potential for logistics development, according to a new report released by Singapore-based business transformation consultancy TMX.
Melaka (Malaysia) is set to receive an RM1 billion (approximately US$238 million) investment from Fieldman EV (the electronic vehicle arm of Fieldman Group) for the development of a plant to produce electric vehicles, according to Bernama.
Samsung and Vietnamese telecom operator Viettel are testing commercial 5G network in Da Nang city, Vietnam with the Korean firm providing latest baseband unit (BBU), 64T64R massive MIMO, and mid-band spectrum, according to Informa Tech. It's the first collaboration between the two firms.
The Regional Comprehensive Economic Partnership (RCEP) taking effect on January 1, 2022 is likely to enhance regional trade of automotive components and products such as electric motors and batteries between Japan and China, and other partners including South Korea, Vietnam, Malaysia, Australia, according to sources at IKKA Holdings.
After the country's lockdown was lifted in August, car factories and original equipment manufacturers (OEMs) have been boosting up their production and vehicle deliveries in fulfilling backlog and new orders, according to Bernama. Malaysia's automotive industry had shown a slack performance early this year due to market uncertainties brought by the Covid-19 pandemic and the unprecedented movement control order. The industry is now working at full throttle for its 4Q21 performance.
Samsung Electro-Mechanics (Semco) reportedly will set up a new ABF substrate plant in Vietnam mainly to provide dedicated capacity for Intel, with construction slated to kick off in 2023 at a total cost of US$850 million, according to sources from the upstream supply chain.