Taiwan's Pegatron to invest $101 million more in Việt Nam

June 10, 2021 - 08:28

Taiwanese Pegatron Corp, a major manufacturing partner of Apple, Microsoft and Sony, will add US$101 million to its investment in Việt Nam, reported Reuters.

Pegatron haedquater in Taipei. — Photo pegatroncorp.com

HÀ NỘI — Taiwanese Pegatron Corp, a major manufacturing partner of Apple, Microsoft and Sony, will add US$101 million to its investment in Việt Nam, reported Reuters.

The investment in Pegatron’s Việt Nam subsidiary would be for the production and sales of computers and peripheral equipment, communication equipment and electronic components, said the Taiwan Economy Ministry’s investment commission.

The Taiwanese company has given no further details and did not immediately respond to a request for comment by Reuters.

Previously, in September 2020, Pegatron was looking to invest $1 billion in three phases in production facilities in areas like computing, communications and consumer electronics in the country.

The company is best known as a major supplier to Apple, along with Taiwan's Foxconn and Wistron Corp. Pegatron is one of the three largest iPhone manufacturers in China and India.

In its 2020 annual report, Pegatron also mentioned continuing to expand its production facilities to Việt Nam and India to meet drastic changes in the supply chain. — VNS

Tags foreign investment innovation technology Taiwan

Post-Typhoon Yagi trade networking event starts in Hải Dương

Economy

Rubber exports to Malaysia grow by triple digits

Economy

Seminar seeks to boost Việt Nam – US energy, industry, trade cooperation

Economy

Switzerland provides US$3.3 million to promote Việt Nam's circular economy

Economy

Exchange rate fluctuations bring huge profits to many banks

Economy

Bird nest production in central province aims at sustainability

More on this story

Economy

Cần Thơ shrugs off COVID, achieves impressive growth

Cần Thơ City achieved impressive growth in industrial production, retail sales and tourism despite the effects of COVID-19 in the first five months.

Economy

Bình Định proposes withdrawing two local ports from planning

The People’s Committee of the southern province of Bình Định has proposed the Ministry of Transport and the Việt Nam Maritime Administration withdraw two local ports from master planning for seaport development in 2021-30.

Economy

Vietnamese overseas investment triples

Vietnamese firms poured US$546.7 million into overseas projects in the first five months of 2021, more than triple the figure of the same period last year.

Economy

Securities firms optimistic about the market, but warn of short-term corrections

Even though the stock market is expected to continue rising, securities firms still warned of some corrections in the short-term due to profit-taking pressure.

Economy

Shares reverse downturn, propped up by banks and brokerage houses

Shares reversed morning losses and recovered in Wednesday’s afternoon session after a two-day fall, propped up by growth of – again – banking and securities stocks.

Economy

Goods transport to HCM City not much affected by pandemic

Transport of all kinds of goods into HCM City remains relatively unaffected, with little or no congestion at entrances despite its COVID-19 semi-lockdown.

Economy

PetroVietnam’s five-month pre-tax profit triples

The Vietnam Oil and Gas Group (PetroVietnam) posted VNĐ144.9 trillion (US$6.31 billion) in pre-tax profit during January-May, 2.3 times higher than the target for the period and triple that of the same spell in 2020.

Economy

Deal signed to promote farm produce sale via digital platforms

In the immediate future, the programme will help with farm produce sale via digital platforms in localities hit by COVID-19 or those under lockdown, including experimenting on Grab.