VietNamNet Bridge - Vietnam has been trying to develop support industries for 30 years, but is still finding it difficult to squeeze into the global supply chain. Vietnam vows to develop supporting industries The government has decided that products of supporting industries will have to satisfy 45 percent of essential needs for domestic production and consumption by 2020, and by 70 percent by 2030. However, analysts are pessimistic about the development of Vietnam’s supporting industries and the feasibility of the plan. Amid foreign direct investment (FDI) in the last 30 years, Vietnam has missed opportunities to develop supporting industries. The domestic supporting industry remains underdeveloped and few enterprises have joined the industrial production supply chain. According to the Institute for Industry & Trade Policy Research (ITPR), Vietnam had 1,383 enterprises in supporting industries, mostly operating in three fields – mechanical … [Read more...] about Vietnam still struggling to develop supporting industries
BALTIMORE, April 18, 2018 (GLOBE NEWSWIRE) -- Pixelligent, the leading high-index advanced materials manufacturer, today announces $7.6M in new funding to help further drive product commercialization and accelerate global customer adoption.This round of funding includes strategic investments from two new strategic partners, Tokyo Ohka Kogyo Co., LTD. (“TOK”) a leading Japanese advanced materials manufacturer, and Kateeva, Inc. a leading provider of inkjet deposition equipment for the rapidly growing OLED and HD Display markets. This latest investment was led by The Abell Foundation, with strong support from other Baltimore-based investors, including participation from TCP Venture Captial’s - Propel I and Propel II venture funds.“The partnership with TOK will provide Pixelligent access to TOK’s vast and highly respected formulation expertise, helping us to accelerate product development and customer adoptions on a global basis. As our leading display … [Read more...] about Pixelligent Technologies Closes $7.6M Round Including Investment From Industry Leaders Tokyo Ohka Kogyo Co., LTD. (“TOK”) and Kateeva Inc.
According to the General Department of Customs (GDC), Vietnam spent US$527 million to import poultry and animal meat in 2017. Low prices have boosted imports in recent years. One kilo of pork is imported at US$1.2, or VND27,000. Vietnam’s live pigs are sold at VND26,000 per kilogram. Imported beef is also cheap. Australia sourced beef wholesales at VND60,000-120,000 per kilo and retails at VND165,000-200,000 per kilo. Vietnam’s beef has an average selling price of VND250,000 per kilo. Chicken imports from the US, Brazil and the Republic of Korea sometimes were sold at US$0.88 per kilo only, or VND20,000. Le Ba Lich, chair of the Vietnam Feed Association, said that imported meat is cheap because export countries have highly specialized and automated livestock industries. The farming is developed in closed chains and is large scale with all phases strictly controlled. In Vietnam, nearly all input materials come from imports, from breeders to feed to medicine. As a … [Read more...] about Meat imports threaten domestic livestock industry
VietNamNet Bridge - Increasing the localization ratio and reducing production costs are vital issues for Vietnam’s automobile industry. As Vietnam is one of the worlds’s largest tungsten producers, it could be material that could help revive the auto industry. Vietnamese never give up the dream of developing automobile industry Sumito Ishii, CEO of General Motors Vietnam, said that high costs are weakening domestic manufacturers’ competitiveness. The auto production cost in Vietnam is 10-20 percent higher than in Thailand and Indonesia because of the high number of imported car parts. Vietnam’s automobile industry, after 20 years of development, still cannot reach the targeted localization ratio. The locally made content of cars with up to 9 seats is 7-10 percent, far below the targeted ratios of 40 percent by 2005 and 60 percent by 2010. Over 90 percent of component suppliers are foreign invested companies. However, Vietnamese enterprises keep … [Read more...] about Could tungsten mines be the springboard for Vietnam’s auto industry?
When the tech entrepreneur Chad Nitschke decided to base the workforce for his San Francisco startup Bunker in Madison, it was seen as a bit of a weird move among some of his peers in Silicon Valley.“When we were getting going, it was more that I had to pitch investors on the benefits of a city like Madison,” said Nitschke, a former Madisonian.Times have changed, he said. Bunker, a platform that makes it easier for small-business contractors to get commercial insurance, is now one of Madison’s fastest growing startups. And in the Valley, the decision to open offices in Wisconsin no longer raises eyebrows. It’s become clear that Madison has a pool of talent, and is a cheaper location to operate a business, said Nitschke.“The line I use is, San Francisco is a great place to raise capital; Madison is a great place to deploy capital,” he said. “Literally every investor that I’ve talked to loves that model.”The company currently has 22 … [Read more...] about Bunker, an insurance industry startup, spans Silicon Valley and Madison