Daily Archives: November 9, 2019

German company ZF opens first plant in Vietnam

Hai Phong Germany’s ZF Friedrichshafen, a global technology company, inaugurated its first plant producing chassis modules for cars in Hai Phong city on November 8.

Located in the 70-ha Supplier Park of VinFast Manufacturing Automobile and E-scooter Plant on Cat Hai island, the plant produces chassis modules just-in-time for a local automotive manufacturer.

ZF has invested more than 25 million EUR in the site.

The Vietnamese car industry is one of the fastest growing in Southeast Asia, according to ZF. With its Hai Phong site, ZF takes its first step into this market, following the demand of VinFast, founded in 2017 as the first Vietnamese automotive manufacturer.

ZF is a global technology company and supplies systems for passenger cars, commercial vehicles and industrial technology./.

Source: Vietnam News Agency

Vietnam’s startup ecosystem introduced in RoK

Seoul (VNA) – Vietnam Startup Roadshow in Korea 2019 took place in Seoul, the Republic of Korea (RoK), on November 8, with the aim of improving the awareness of Korean investors and venture capital funds about the quality of Vietnam’s startup ecosystem.

The event, which saw the participation of more than 200 venture capital funds and starts up from the RoK, was jointly held the Vietnamese Ministry of Science and Technology (MoST), Vietnam Silicon Valley, organisers of Techfest Vietnam � the largest annual event for Vietnam’s startup community, and Seoul Venture Incubator.

On November 6, Vietnam Startup Roadshow in Korea 2019 also came to the RoK’s southern port city of Busan.

The event has helped Vietnamese businesses, startup support centres, competent agencies and policy makers learn more about cutting-edge startup ecosystems in the world.

Pham Hong Quat, head of the MoST’s Investment Department, told the Vietnam News Agency (VNA) that after the RoK, Techfest Vietnam will be held in Singapore next month, adding the RoK and Singapore are the first stops of Techfest Vietnam in Asia.

It is set to introduce Vietnam’s innovative startup ecosystem and capacity of Vietnamese startups that have won domestic awards to international investors, he said./.

Source: Vietnam News Agency