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04/07/2021 11:21 GMT+7
Vietnam to have 1,704 industrial clusters by 2025
Vietnam aims to have 1,704 industrial clusters by 2025, according to the Ministry of Industry and Trade.
Minister of Industry and Trade Nguyen Hong Dien made the statement during an online meeting about managing and developing industrial clusters on July 2.
In 2020, Vietnam had 968 industrial clusters, covering 30,912ha. Of which, the infrastructure of 450 clusters was invested in by private firms. As of now, the authorities have approved technical infrastructure projects at 955 clusters that cover 29,782ha and have a total investment of VND115trn (USD4.9bn).
VIETNAM BUSINESS NEWS JUNE 25 vietnamnet.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vietnamnet.vn Daily Mail and Mail on Sunday newspapers.
Two electric component manufacturers for Foxconn in Bac Giang resumed operations Friday following a temporary suspension due to the coronavirus crisis. - VnExpress International
 Businesses cautious in Bac Giang province 23:12 | 26/05/2021
Photo: Duc Thanh
The four industrial zones (IZs) of Dinh Tram, Quang Chau, Van Trung, and Song Khe-Noi Hoang are home to over 300 foreign-invested enterprises (FIEs) with some 163,000 workers, but these manufacturing hubs of large-scale FIEs in such as Luxshare, Foxconn, Hosiden Vietnam, and SI Flex are undergoing some serious restrictions.
Appleâs largest supplier Foxconn was preparing for interruption of facilities in Bac Giang which will impact the overall operation of the group in Vietnam, with Luxshare also expected to face disruption.
Foxconn has three factories in Bac Giang â Fuhong Precision Component Co., Ltd., New Wing Interconnect Technology Co., Ltd., and FuGiang Co., Ltd. At present, the operation of the former has yet to be impacted by the pandemic, but the remaining facilities are larger in scale and thus interruption is expected.