Units of electronics manufacturing giants Intel and Samsung are set to fully resume operations by the end of November after months of social distancing-triggered production disruption.
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Saigon Hi-Tech Park is helping its tenants, many of which are currently running at about 70 percent capacity, to resume full operations next month, the park’s deputy manager Le Bich Loan told Bloomberg in an interview.
The park is home to Samsung, Intel, and Nidec Sankyo Corp, a maker of magnetic card readers and micro motors.
Nidec is also looking to resume full capacity by the end of next month, according to Saigon Giai Phong.
Many companies operating in Saigon Hi-Tech Park lost about 20 percent of their export orders in July and August, Loan said.
In the last several months HCMC has been imposing various levels of social distancing, which restricted the operation of factories.
The city started resuming activities on Oct. 1.
- Saigon Hi-tech Park factories shut down due to Covid-19
- Saigon Hi-Tech Park detects over 700 Covid-19 infections
- Company in Saigon Hi-Tech Park reports 119 more probable Covid-19 cases
- Intel invests additional US$475 million in Vietnam
- HCMC-based firm suspends operation after 120 Covid-19 cases detected
- Foreign tech giants eye Vietnam shift
- HCMC requests tax incentives for Samsung subsidiary
- Most of businesses in HCMC resume operations as Covid under control
- Covid hotspot Bac Giang to resume industrial operations, but hurdles loom