Home - MORNING STAR ELECTRIC CORPORATION

Manufacturer and Provider of professional electrical products and services:
- Prefixed products used for transmission and distribution lines: prefixed deadends, prefixed splices, distribution ties, etc.
- Copper coated aluminium profiles with variety of shapes: bus bars, wires, the terminal contactors, etc.
- Prefixed fiberglass profiles: crossarms, poles, windows and fiberglass reinforced profiles.

Industrial Electrical Products

Electrical Safety Products

for household & industrial: MCB, MCCB, Digital Meters, etc..

Electrical Safety Products

Renewable Energy Products

Wind turbine:
Horizontal axis wind turbine (HAWT)
Vertical axis wind turbine (VAWT)
Downwind turbine
Bladeless wind turbine
Counter-Rotating impeller

Renewable Energy Products

Morstar's Professional Services

- Hotline training
- Take away the obstacles
- Overheadline evaluation

Morstar's Professional Services

Morstar Electric Values

Your Strategic Partner
For Global Success

“QUALITY - SAFETY – EFFECTIVENESS”Engineer

Morning Star Electric Corporation would like to bring to our customers quality products, innovative solutions and best investment value and to provide services to meet the demanding requirements of professional customers

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Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam-prefi

Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam (8)

Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam (10)

Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam (13)

Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam (9)

Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam (12)

Morstar-Electric-Factory-Ho-Chi-Minh-Vietnam (1)

Renewable Energy ProductsManufacturing

Solar Panel

Vertical Axis Wind Turbine

Distributed Products
Distributed

Cotran Products

Orion

SDP

Solução

Sunj

Usiland

Utility Solutions

Yumao

ServicesServices

Overhead Line Obstacles

Hotline Training

Overhead Line Evaluation

Obstacles Removal

Products manufactured at local facilitiesManufacturing Products

Prefixed products used for transmission and distribution lines, Prefixed fiberglass profiles, Electrical safety products for household & industrial

Find out more

Distributed Products

We are also the representative of many partners such as famous manufacturers, consultants, technology transfer leaders in the world.

Find out more

Morstar Services

- Hotline training
- Take away the obstacles
- Overheadline evaluation

Find out more

View Company History

Who is MORSTAR

About Us

We are a manufacturer of Preformed Line Products; Fiberglass Crossarm & Pole; Fuse Cutout, Lightning Arrester; IPC; MCB and some other electric products. Besides products we produce, we represent some prestigious companies around the world. In the meantime, we also provide Hotline Trainings, Overhead Power Line, Equipment Inspection & Survey & Overhead Line Foreign Objects Removal Services.

Industrial aero products

Synergistically evolve technologies rather than just in time initiatives. Quickly deploy strategic networks with compelling e-business. Credibly pontificate highly efficient manufactured products and enabled data.

Berlin Railway elements

Phosfluorescently expedite impactful supply chains via focused results. Holistically generate open-source applications through bleeding-edge sources. Compellingly supply just in time catalysts for change through top-line potentialities.

Industry logistic solutions

Collaboratively administrate turnkey channels whereas virtual e-tailers. Objectively seize scalable metrics whereas proactive e-services. Seamlessly empower fully researched growth strategies and interoperable internal or organic sources.

CNC solutions for any business

Capitalize on low hanging fruit to identify a ballpark value added activity to beta test. Override the digital divide with additional clickthroughs from DevOps. Nanotechnology immersion along the information highway will close the loop on focusing solely on the bottom line.

Building airplane elements

Distinctively re-engineer revolutionary meta-services and premium architectures. Intrinsically incubate intuitive opportunities and real-time potentialities. Appropriately communicate one-to-one technology after plug-and-play networks.

MCPL project

Credibly reintermediate backend ideas for cross-platform models. Continually reintermediate integrated processes through technically sound intellectual capital. Holistically foster superior methodologies without market-driven best practices.

Simon Oswald project

Quickly aggregate B2B users and worldwide potentialities. Progressively plagiarize resource-leveling e-commerce through resource-leveling core competencies. Dramatically mesh low-risk high-yield alignments before transparent e-tailers.

Extending your views

Appropriately empower dynamic leadership skills after business portals. Globally myocardinate interactive supply chains with distinctive quality vectors. Globally revolutionize global sources through interoperable services.

A broader perspective

Objectively integrate enterprise-wide strategic theme areas with functionalized infrastructures. Interactively productize premium technologies whereas interdependent quality vectors. Rapaciously utilize enterprise experiences via 24/7 markets.

Tools for the right industry

Objectively innovate empowered manufactured products whereas parallel platforms. Holisticly predominate extensible testing procedures for reliable supply chains. Dramatically engage top-line web services vis-a-vis cutting-edge deliverables.

What our clients say

Professional and reliable partner

Globally harness multimedia based collaboration and idea sharing with backend products. Continually whiteboard superior covalent scenarios opportunities.

We are very happy working with Morstar, it is a serious, responsible company, they are open to developing products for our market, and especially the people who serve you are very friendly and have excellent technical knowledge.

Technical DirectorJosé

Paraguay

We have great working relationship with Morstar

Executive DirectorAida Pang

Malaysia

Morstar has been a strong partner for us in Vietnam for many years. They have valuable relationships among key utilities and have a strong product knowledge as well. I look forward to more growth as they continue to expand their operations

Sales DirectorAaron

Utility Solutions Inc

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World awards

Taking seamless key performance indicators.

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Project success

Engage fully tested process improvement platforms.

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Employees

Leverage other resource leveling convergence.

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Worldwide clients

Globally network focused material products.

We get the job done

Success through
human resourcesSuccess

Mr. Wong KaHo

Founder & CEO

Mr. Vu Ba Thanh

Production Manager

Ms. Dam Phuong Quynh

Assistant General Manager

Mr. Wong KaHo

Founder & Owner

Our management involves in daily operations intimately and interacts with employees on the shop floor regularly for better communication and encouragement.

Ms. Do Thi Mai Huong

Executive Secretary

Ms. Johnsy

International Sales Manager

Ms. Vo Thi Truc Linh

Domestic Sales Manager

Blog & NewsNEWS

Industrial NewsNEWS

Asian Electricity

Vietnam’s economy is projected to grow at an impressive rate of 6.5% in 2025

Vietnam’s economy is projected to grow at an impressive rate of 6.5% in 2025, reflecting a strong recovery and resilience in the face of global economic challenges. This growth is primarily driven by increasing domestic demand and a rise in external orders, which are expected to bolster various sectors of the economy. Key Sectors for Growth Several industries are...

Asian Electricity

Singapore builds the largest number of industrial parks in Vietnam with 18 VSIP projects

Singapore is building the world’s largest industrial park in Vietnam through 18 VSIP (Vietnam – Singapore Industrial Park) projects. These industrial parks have attracted more than 18 billion USD in investment capital, created about 900 projects and provided jobs for more than 300,000 workers. VSIP zones not only focus on industrial development but also aim...

Asian Electricity

New Zealand media highlights Vietnam’s economic growth

An article from New Zealand’s RNZ, titled “Why we want to be mates with Vietnam,” emphasizes Vietnam’s impressive economic growth and its burgeoning trade relationships, particularly with New Zealand. Authored by Alexia Russell, the piece notes that Vietnam is becoming one of the most sought-after travel destinations globally, with international tourist arrivals surging by 43% in...

Asian Electricity

Vietnam upgrades Singapore ties as it seeks to boost regional trade

On March 12, 2025, Vietnam and Singapore officially upgraded their bilateral relations to a Comprehensive Strategic Partnership, marking Singapore’s first such partnership with an ASEAN member state. This significant development was announced during a meeting between Vietnamese Communist Party General Secretary To Lam and Singapore Prime Minister Lawrence Wong at Singapore’s Parliament House. The establishment of...

Asian Electricity

More than 1,000 world technology “brains” come to Vietnam: Ready for unprecedented opportunities in the billion-dollar field

More than 1,000 of the world’s leading technology experts are coming to Vietnam, opening up unprecedented development opportunities in the fields of artificial intelligence (AI) and semiconductors. Vietnam is currently facing a once-in-a-lifetime opportunity to assert its position in the high-tech industry, especially in the context of a rapidly changing global environment. This event not...

How Vietnam Went From the Poorest Economy in the World to a Prosperous Exporter?

Vietnam’s remarkable economic transformation is a compelling story of resilience and strategic reform. Once regarded as one of the poorest economies in the world during the 1980s, with a per capita GDP of just $15,470, the country has successfully transitioned into a dynamic exporter and a lower middle-income nation. This transformation began with the abandonment of...

Asian Electricity

Chinese Investment Surge into Vietnam and Potential Trump “Retaliation”

The significant increase in Chinese investments in Vietnam and the potential risks associated with this trend, particularly in the context of U.S. trade policies under former President Donald Trump. As Vietnam becomes a more attractive destination for Chinese capital, it has inadvertently heightened its vulnerability to U.S. retaliation, especially given the growing trade surplus between...

Asian Electricity

FDI fuels Vietnam’s momentum to reach double-digit economic growth

Vietnam is experiencing significant economic momentum, largely driven by foreign direct investment (FDI). In 2024, the country secured $38.23 billion in FDI, ranking it among the top 15 developing nations for FDI inflows. This influx has been pivotal, with disbursement of FDI capital reaching a record $25.35 billion, marking a 9.4% increase from the previous year. The Ministry of...

Asian Electricity

Vietnam aims to become SE Asia’s leading economic hub: PM

Vietnam’s Prime Minister Pham Minh Chinh has outlined an ambitious plan to position Vietnam as Southeast Asia’s leading economic hub by 2030. Speaking at a roundtable with European corporations, he highlighted the country’s strong economic growth, with GDP reaching $476.3 billion in 2024 (a 7.09% increase) and GDP per capita rising to $4,700. The government...

Asian Electricity

Vietnam to become major economic hub in Southeast Asia: PM

Vietnam’s Prime Minister, Pham Minh Chinh, has set an ambitious vision for the country to become a major economic, trade, and investment hub in Southeast Asia by 2030. Speaking at a dialogue with European businesses, he outlined Vietnam’s potential for growth, highlighting its large population, strategic geographical location, and strong economic foundation. The Prime Minister...

Asian Electricity

PM calls on Japanese firms to see Vietnam as strategic destination

Vietnamese Prime Minister Pham Minh Chinh recently called on Japanese businesses to consider Vietnam a strategic investment destination. Speaking at a dialogue in Hanoi, he emphasized the strong 52-year Vietnam-Japan relationship, which has been elevated to a comprehensive strategic partnership. He highlighted Vietnam’s commitment to fostering an open, transparent, and favorable investment environment for foreign...

Asian Electricity

Meet Goertek, Huawei, BYD, ZTE… The Prime Minister suggested that large Chinese corporations take Vietnam as a production and business base

On February 28, 2025, Vietnamese Prime Minister Pham Minh Chinh met with representatives from several major Chinese companies, including Goertek, Huawei, BYD, and ZTE. The Prime Minister encouraged these corporations to consider Vietnam as a strategic hub for production and business activities. This invitation was part of Vietnam’s broader effort to attract foreign investments and...

Asian Electricity

FDI attraction up 38.6% in two months

Vietnam’s foreign direct investment (FDI) saw a significant increase of 38.6% in the first two months of 2024, reaching a total of $4.29 billion. This growth is attributed to several large-scale projects, with prominent examples being the Trina Solar Cell and Gokin Solar projects. These major investments helped boost the overall FDI inflows into the...

Asian Electricity

Vietnam utility EVN to build $277 mln transmission line to import power from China

In October 2024, Vietnam Electricity (EVN) received approval to construct a 500 kV transmission line between Lao Cai and Vinh Yen, valued at approximately VND7,010 billion ($277.2 million). This 229-kilometer dual-circuit line aims to enhance electricity distribution in the northwestern region and facilitate power imports from China. Deputy Prime Minister and Minister of Foreign Affairs...

Asian Electricity

China’s Goertek seeks 25-hectare expansion in northern Vietnam

Chinese electronics giant Goertek is seeking permission to expand its production site in Vietnam’s northern province of Bac Ninh by 25 hectares. A Goertek delegation disclosed the information at a meeting with Bac Ninh authorities on Monday, the first working day after the Lunar New Year holiday (Tet). The delegation also urged provincial authorities to...

Asian Electricity

Vietnam Electricity receives 715 MW power plant from foreign investors as BOT contract ends

The 715 MW Phu My 2.2 gas-fired power plant, invested per the build-operate-transfer (BOT) format, was transferred to state utility Vietnam Electricity (EVN) on Tuesday. The transfer followed the expiration of the power plant’s 20-year operation starting February 4, 2005. This is the second BOT power plant transferred to EVN, following Phu My 3 in...

Asian Electricity

In just a few years, 5 more cities will “sprout” around the capital: A place with a super factory worth over 9 billion USD, a 10 billion USD urban area

According to the development plan of the Capital region until 2030, five localities adjacent to Hanoi are expected to be upgraded to cities, including two districts of Bac Ninh, two districts of Hung Yen and one town of Ha Nam. These localities are all adjacent to Hanoi, some only about 20 km from the center...

Asian Electricity

Vietnam’s National Assembly Approves $8B Rail Link to China

Vietnam’s National Assembly has sanctioned the development of a significant $8.3 billion railway project aimed at enhancing connectivity between northern Vietnam and China. This 391-kilometer electrified standard-gauge railway will extend from the Lao Cai-Hekou border gate through Hanoi to Haiphong, the largest seaport in northern Vietnam. The project also encompasses 27.9 kilometers of branch lines....

Asian Electricity

How Vietnam can parry and dodge Trump’s tariffs

Vietnam’s remarkable economic ascent over the past decade has positioned it as a key manufacturing hub and a preferred alternative to China in global supply chains. However, with President Donald Trump’s administration intensifying scrutiny over trade imbalances, Vietnam’s substantial trade surplus with the U.S. has rendered it vulnerable to potential tariffs and other protectionist measures....

Asian Electricity

Vietnam proposes law to regulate foreign e-commerce and protect consumers

In February 2025, Vietnam’s Ministry of Industry and Trade proposed a draft law aimed at regulating cross-border e-commerce to protect consumers and ensure fair competition. The proposed legislation mandates that foreign e-commerce businesses operating in Vietnam must register and obtain an operating license from the Ministry. Additionally, these businesses are required to establish a local...

Asian Electricity

Vietnam’s trade surplus with US hits record high in 2024

In 2024, Vietnam’s trade surplus with the United States reached a record high, exceeding $123 billion, marking an annual increase of nearly 20%, according to U.S. government data released on February 5, 2025. This significant surplus positions Vietnam behind only China, the European Union, and Mexico regarding trade imbalances with the U.S. The substantial increase...

Asian Electricity

Why Shein has Turned to Vietnam to Sidestep Trump Tariffs

In response to recent U.S. tariff reforms under President Donald Trump, Shein, the global fast-fashion retailer, is strategically shifting its manufacturing operations to Vietnam. Historically, Shein capitalized on the U.S. de minimis rule, which permitted duty-free imports for packages valued under $800, facilitating cost-effective direct shipments from China to American consumers. However, the recent suspension...

Asian Electricity

Vietnam looks to placate Trump by vowing no limits on US goods

In response to U.S. President Donald Trump’s recent announcement of potential global reciprocal tariffs, Vietnam has expressed its commitment to maintaining open trade relations with the United States. The Vietnamese government stated it has no intention of implementing measures that would “create burdens or restrict trade” with the U.S. Furthermore, Vietnam is prepared to increase...

Asian Electricity

Vietnam’s Great Ambition For Becoming Top Asian Economic Power – OpEd

Over the past few decades, Vietnam has transitioned from a war-torn nation to a rising economic powerhouse through strategic reforms, international trade integration, and a focus on technology-driven growth. Vietnam’s economic strategy centers on maintaining political stability, promoting export-driven industries, and increasing foreign investment. The country’s government has implemented policies aimed at improving infrastructure, fostering...

Asian Electricity

Vietnam’s Cai Mep International Terminal accommodates first vessel for Gemini Cooperation

Cai Mep International Terminal (CMIT), one of Vietnam’s key deep-water ports, recently welcomed the first vessel under the Gemini cooperation—a strategic partnership between two major global shipping lines, MSC and Maersk. The initiative aims to optimize shipping operations, ensuring more efficient cargo transport through Vietnam. The Gemini service will connect Cai Mep with major ports...

Asian Electricity

Vietnam: Growth will be ahead of regional peers in 2025

Vietnam’s economy has been the region’s outperformer in 2024, with full-year growth likely at 6.7% y/y. In 2025, we think Vietnam will continue to outperform its peers, growing by 6.5%. What you will learn: Vietnam’s economy will be the standout among the ASEAN-6, growing at a faster pace relative to its peers during the next...

Asian Electricity

Donald Trump’s tariffs on China could shift production further into South-East Asia

US tariffs on China have intensified, reshaping global trade and prompting a shift in manufacturing away from China to Southeast Asia. President Trump’s 10% tariffs, though lower than the initially threatened 60%, have spurred retaliatory measures from China, escalating the trade war. In response, international companies, including Chinese firms, began relocating their operations to Southeast...

Asian Electricity

Opportunities for Bolstering Already Strong US-Vietnam Economic Relationship

The United States and Vietnam have made significant strides in strengthening their economic relationship over the past few decades. Since the normalization of diplomatic ties in 1995, trade between the two countries has grown dramatically, with the U.S. now being one of Vietnam’s top trading partners. Vietnam plays a key role in global supply chains,...

Asian Electricity

UOB’s expert: Vietnam’s economic prospects in 2025 appear highly positive

Vietnam’s economic outlook for 2025 is highly positive, building upon the strong momentum from an impressive 2024. The country’s robust export performance, marked by ten consecutive months of growth, is expected to continue, provided global trade remains stable and free from disruptions, such as potential tariff policies from the U.S. Exports play a crucial role...

Asian Electricity

The world’s leading superyacht manufacturer ‘landed’, wants to build an integrated ecosystem in Binh Dinh

On January 16, 2025, the People’s Committee of Binh Dinh province welcomed Mr. Timur Mohamed, Chairman of Palmer Johnson Company, and Mr. Roland Staub, Chairman of Finance Suisse Investment Fund, to discuss investment cooperation opportunities in the field of luxury tourism. Mr. Timur Mohamed commented that Binh Dinh possesses rare factors to develop into a...

Asian Electricity

Vietnamese startup surpasses ‘Giant’ Google, ChatGPT in AI translation race

Doctranslate.io, a Vietnamese startup founded by Dr. Tran Vu Anh, has developed an AI translation platform that surpasses “giants” such as Google Translate and ChatGPT. After many years of living and working abroad, Dr. Vu Anh realized that language is a major barrier in accessing knowledge for Vietnamese people. Although current translation tools such as...

Asian Electricity

Opportunities for Bolstering Already Strong US-Vietnam Economic Relationship

Vietnam’s economic growth, driven by export-oriented policies and pro-market reforms, has positioned it as an attractive destination for foreign investment, particularly in manufacturing. The nation’s relatively low labor costs and strategic initiatives have encouraged companies to diversify supply chains away from China, enhancing Vietnam’s role in global trade. Despite these advancements, U.S. investment in Vietnam...

Asian Electricity

Vietnam likely to offer minimum 80% output purchase guarantee for offshore wind power projects

Vietnam’s Ministry of Industry and Trade is drafting a decree on incentives for offshore wind power, including exemption and reduction of some fees and a commitment to minimum purchase of energy output. The draft decree stipulates that projects are exempted from paying sea-using fees during construction, and the fees are halved for 12 years...

Asian Electricity

Vietnam to start $2bn LNG power plant this year in race to stave off blackouts

The facility is being developed by Thai Binh LNG Power, a consortium made up of two Japanese utilities, Tokyo Gas and Kyushu Electric Power, and Vietnamese industrial conglomerate Truong Thanh Vietnam Group. The project was first announced in January last year, after the consortium formed at the Vietnam–Japan Economic Forum in Tokyo during Prime Minister...

Asian Electricity

Vietnam’s Economic Outlook for 2025: Push for Digitalization and Sustainability

Vietnam is proactively advancing its digital and sustainable economic transformation, positioning itself as a leader in Asia’s dual transition. The National Strategy for Digital Economy and Digital Society Development (2025 with a vision to 2030) and the National Green Growth Strategy for 2021-2030 (with a vision to 2050) underscore this commitment. Digital Economy Growth By...

Asian Electricity

Russian PM arrives in Hanoi, beginning two-day official to Vietnam

Russian Prime Minister Mikhail Vladimirovich Mishustin arrived in Hanoi on January 14 for a two-day official visit at the invitation of Vietnamese Prime Minister Pham Minh Chinh. The Russian delegation was welcomed by key Vietnamese officials, including Minister Tran Van Son and Deputy Minister Le Thi Thu Hang. PM Mishustin is joined by Deputy PMs...

Asian Electricity

Vietnam see positive growth trend into 2025

Vietnam’s real GDP has extended its momentum well above the median consensus views of international organisations. Vietnam’s economy demonstrated robust growth in 2024, with real GDP expanding by 7.09%, surpassing both the 5.1% growth in 2023 and the official target of 6.5%. This performance was driven by strong industrial production and services sectors, which contributed...

Asian Electricity

Vietnam’s Economic Report Card for 2024″ GDP, Trade, FDI

In 2024, the Vietnam economy showed remarkable resilience, marked by a positive GDP growth of 7.09 percent. Despite facing external challenges and the adverse impact of Typhoon Yagi, the country’s economic rebound highlighted its robust recovery and adaptability. With a steadily increasing per capita GDP and strong trade dynamics, Vietnam is a standout performer in...

Asian Electricity

Import and export set a record of over 786 billion USD

According to data released by the General Statistics Office on January 6, in December 2024, the total import and export turnover of goods reached 70.53 billion USD, up 6.2% over the previous month and up 15.9% over the same period last year. In the whole year of 2024, the total import and export turnover of...

Asian Electricity

Revealing the country with the largest FDI investment in Vietnam in 2024

In 2024, Vietnam attracted 31.15 billion USD in foreign direct investment (FDI), an increase of 9.3% compared to 2023. Of these, Singapore continued to lead with a total registered investment capital of 6.46 billion USD, accounting for 20.7% of the total FDI capital in Vietnam. South Korea ranked second with 5.16 billion USD, accounting for...

Asian Electricity

Vietnam is becoming a manufacturing “Machine” to compete with China

For decades, China has been the global manufacturing leader and is known as the “factory of the world”. The country’s manufacturing industry is at the forefront of efficiency and production quality. However, over the past decade, Vietnam has emerged as a competitor in this field. South Korea’s Samsung Group currently has large factories in both...

Asian Electricity

Viet Nam could be Canada’s manufacturing and export hub

According to a VNA correspondent in Canada, in its strategy to seek markets outside the US, Canada has chosen agricultural products and processed foods to expand exports to the Indo-Pacific region, while promoting production and trade activities in this region. The above strategy is currently being focused on by the Export Development Agency of Canada...

Asian Electricity

Vietnam’s economy grows beyond all forecasts

According to Minister Dung, Vietnam continues to be an attractive destination for global FDI flows – which are declining, and competition among countries is increasingly fierce. FDI attraction in 11 months of 2024 is estimated at nearly 31.4 billion USD, realized FDI capital is estimated at about 21.7 billion USD, up 7.1% over the same...

Asian Electricity

Vietnam has just “Revived” a sector worth more than 227 billion USD: The world is developing rapidly

Vietnam has decided to restart its nuclear power program after an eight-year hiatus since 2016. On November 30, 2024, the National Assembly issued a Resolution on the development of nuclear power to meet electricity demand and reduce greenhouse gas emissions, aiming to achieve Net Zero by 2050. The Vietnam Atomic Energy Institute (VINATOM) has set...

Asian Electricity

Ministry stresses human resources development for nuclear power programme

Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien chaired a conference on January 2 regarding the development of science and technology human resources in service of Vietnam’s nuclear power programme. In his opening remarks, the minister highlighted the local potential for nuclear power development, noting that fifteen years ago, surveys identified 13-14...

Asian Electricity

Chinese media praises Vietnam’s economic achievements, outlook

Chinese media outlets, including The Paper, CRI, Sohu, Sina, the Guangdong E-Commerce Association’s website, and BWC, have recently highlighted Vietnam’s significant economic achievements in 2024 and its promising outlook for 2025. Reports indicate that Vietnam’s GDP grew by 6.42% in the first half of 2024, with projections suggesting it will surpass 6.8% for the entire...

Asian Electricity

Electronic imports exceed $100 billion

HA NOI — The import value of computers, electronic products and components reached US$4.52 billion in the first half of December, according to the latest statistics from the General Department of Customs. This brings the total import value of this group of goods from the beginning of the year to December 15, to $102.25 billion....

Asian Electricity

Vietnam emerges as strategic player in global economy

The newswire outlined that this delicate act has allowed Vietnam to safeguard its economic interests, while promoting growth opportunities in key industries, especially technology. A notable milestone is NVIDIA’s recent acquisition of VinBrain, featuring Vietnam’s burgeoning tech sector and its pivotal role in global innovation. This acquisition not only underscores the potential of Vietnamese tech...

Asian Electricity

Revealing the first Vietnamese product to reach a turnover of over 100 billion USD in 2024

According to the General Statistics Office, in November, the total preliminary import and export turnover of goods reached 66.4 billion USD, down 4.1% compared to the previous month and up 9.0% compared to the same period last year. In the first 11 months of 2024, the total preliminary import and export turnover of goods reached...

Asian Electricity

Vietnam ranks in the TOP 23 largest exporting economies in the world

According to the World Trade Organization (WTO), total global export turnover in 2023 reached 23.8 trillion USD, down 5% compared to the previous year. About 20 out of the world’s top 30 exporting countries recorded a decrease in export value. The number of global trade restrictions has increased nearly 5 times since 2015, reaching nearly...

Asian Electricity

NVIDIA has signed an agreement to move its production chain from other countries to Vietnam, committing to invest 4 – 4.5 billion USD in the next 4 years.

On the morning of December 14, the first meeting of the National Steering Committee on Semiconductor Industry Development took place. At the meeting, Minister of Planning and Investment Nguyen Chi Dung said that, in the trend of diversifying supply chains and complicated geopolitical developments in the world, Vietnam is emerging as an attractive destination for...

Asian Electricity

Vietnam to achieve record import-export turnover of over 780 billion USD

Import-export turnover in 2024 is expected to reach 782 billion USD, the highest level ever, according to the General Department of Customs. According to the General Department of Customs, Vietnam’s import-export value as of December 14 reached nearly 745.4 billion USD. Of which, exports were 384.4 billion USD, while imports were nearly 361 billion USD....

Asian Electricity

After NVIDIA, the ‘big guys’ Google and Meta also want to move their supply chain to Vietnam.

NVIDIA has committed to investing 4 – 4.5 billion USD in the next 4 years, creating about 4,000 direct jobs and 40,000 – 50,000 indirect jobs. According to Minister Nguyen Chi Dung, in the context of countries promoting supply chain diversification and complex geopolitical fluctuations in the world, Vietnam is emerging as an attractive destination...

Asian Electricity

Construction of a $6 billion mega-port to begin at a ‘diamond’ location, Vietnam rewriting its position on the global maritime trade map.

According to VNDirect Research, MSC – the world’s second largest container shipping line, headquartered in Switzerland, is planning to invest in the Can Gio international transit port project. This project is proposed by Saigon Port Corporation (SGP) and TIL – a subsidiary of MSC. Previously, MSC shared the Tanjung Pelepas transit port in Malaysia with...

Asian Electricity

Vietnam is promoting a treasure trove 8 times larger than China’s, 290 times larger than the US, the province holding the largest reserves can exploit this ‘gold mine’ for 1,000 years with current capacity.

The U.S. Geological Survey states that bauxite deposits are mainly found in tropical regions, the Mediterranean, and the equatorial belt. Countries with significant bauxite deposits include Australia, Central and South America (Jamaica, Brazil, Suriname, Venezuela, Guyana), Africa (Guinea), Asia (India, China, Vietnam), and Europe (Greece, Russia). Bauxite is a type of aluminum ore. From bauxite,...

Asian Electricity

An Introduction to Vietnam’s Leading Import and Export Industries

With its rising costs, China is no longer the go-to destination for many businesses, and Vietnam has arisen as a serious competitor. Recent trends show that the number of orders shifting from China to Vietnam has seen a significant increase. In the past few years, a growing number of businesses have relocated their operations from...