Samsung, Panasonic face $21mn in back taxes in Vietnam
Both companies claim to be in the dark about a 3-percent import tax on liquid crystal films
South Korea continues to be biggest foreign investor in Vietnam
South Korean companies maintained their top spot in Vietnam in January-October after surpassing Japanese firms to become the biggest foreign investors in August last year
Taiwanese investor to add $18bn to multibillion-dollar steel project in central Vietnam
Taiwanese plastics giant Formosa said it will pump an extra $18 billion into the second phase of the project currently worth some $10.5 billion to make it the biggest foreign direct investment project in the mining sector in Vietnam
Samsung electronic products assembled in Vietnam are considered Vietnamese: official
Vo Van Quyen, director of the Domestic Market Department under the Ministry of Industry and Trade, said Samsung electronic products should be considered Vietnamese goods pursuant to current regulations, as they are manufactured in the Southeast Asian country
Only 4% of FDI channeled into support industries in Vietnam
Of the US$258 billion in foreign direct investment in Vietnam, only about $10 billion, or four percent, goes into support industries
Intel to move part of production from Malaysia to Vietnam
U.S.-based chipmaker Intel Corporation will relocate a part of its production in Malaysia to Vietnam and China in an effort to cut labor costs
Samsung ramps up Vietnam operations to sharpen competitiveness of smartphones
The moves include relocating 20,000 milling machines to Vietnam and organizing an entrance exam for over 10,000 Vietnamese jobseekers
Well paid but qualified electronic engineers still in short supply in Vietnam
In the first week of this month, recruitment needs for electronics and smartphone production made up 21 percent of the total recruitment requirements
Samsung seeks $15.5mn tax exemption for Ho Chi Minh City plant
The proposed incentives for Samsung’s plant – the $1.4 billion Samsung CE Complex located at the Saigon Hi-Tech Park – include those going beyond the provisions of Vietnam’s current law
Samsung to invest $560 million in Vietnam TV production plant
Samsung, the world's largest TV maker, said in a statement the new 700,000 square meter complex will mainly produce televisions.