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No slowdown felt in China+1 FDI strategy

Summary by vir.com.vn

New projects reflect the trend of nearshoring production from China, photo Le Toan In early February, SMC Manufacturing Vietnam, under Japan’s SMC Corporation, was green-lit to invest $330 million more into its automatic control devices factory in the southern province of Dong Nai, raising its backing to nearly $1 billion in the locality. This is part of SMC’s efforts to ramp up its manufacturing relocation plan to Vietnam to prepare for conting…

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No slowdown felt in China+1 FDI strategy

New projects reflect the trend of nearshoring production from China, photo Le Toan In early February, SMC Manufacturing Vietnam, under Japan’s SMC Corporation, was green-lit to invest $330 million more into its automatic control devices factory in the southern province of Dong Nai, raising its backing to nearly $1 billion in the locality. This is part of SMC’s efforts to ramp up its manufacturing relocation plan to Vietnam to prepare for conting…

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vir.com.vn broke the news in 2 days ago on Friday, February 21, 2025.

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