Furukawa Automotive Systems Expands Operations in Vietnam with a $97.1 Million Investment
Since 2020, Furukawa Automotive Systems has invested and operated the first two phases of the project, totaling over $86 million.
According to the investor, the third phase of the project entails an investment of $97.1 million (equivalent to over 2,555 billion VND) and will be constructed on an area spanning over 26,400 square meters. It will encompass factory buildings, auxiliary facilities, and a synchronized technical infrastructure system.
The project is expected to be completed by November 2026 and officially commence operations in early 2027. Upon completion, the factory’s total production capacity will reach 11,113 tons of products annually, with estimated export revenue surpassing $200 million. Notably, this phase will create an additional 2,000 to 2,500 new jobs for local workers, addressing employment needs and improving the income and living standards of the populace.
It is understood that since 2020, Furukawa Automotive Systems has invested in and operated the previous two phases of the project, totaling over $86 million. These phases encompass a construction area of nearly 7 hectares, producing more than 7,400 tons of automotive wiring, exporting nearly $160 million worth of products, and providing stable employment for over 5,000 local workers.
The expansion of the factory will boost the development of the auxiliary industry, presenting local businesses with opportunities to further integrate into the global value chain in automotive component manufacturing, thereby elevating Vinh Long’s stature in Vietnam’s industrial landscape.
In alignment with the development plan for industrial parks and clusters (IP, IZs) in Vinh Long province for the period of 2021-2030, with a vision towards 2050 (integrated into the approved planning of Vinh Long province), 9 IZs have been planned for the 2021-2030 phase, spanning a total area of 535.16 hectares. Of these, 3 IZs have been established, covering 151.54 hectares, while the remaining IZs are open for investment.
Consequently, post-merger, Vinh Long province has planned the development of 31 IZs, encompassing a total area of 1,655.86 hectares. Among these, 4 IZs are already operational, spanning 188.98 hectares: the Trung Nghia IZ (specializing in energy) with 47.98 hectares, the Phong Nam ISC with 72 hectares, the Town – An Duc ISC with 36 hectares, and the Tan Thanh Binh ISC with 33 hectares.
The remaining IZs are expeditiously finalizing procedures, preparing infrastructure, and actively inviting investment.
“Billion-Dollar Projects: Bac Ninh Attracts Investors for Three Major Developments”
The People’s Committee of Bac Ninh province has approved the selection of investors for three key projects, including two new urban area developments in the former Dinh Bang ward and a new urban and service area spanning the former wards of Khac Niem, Van Duong, and Dai Phuc.
“Danang Land Sets a New Price Benchmark”
The Danang land market has been on an upward trajectory since early 2025, and this trend continues to the present day.
The Great American Real Estate Paradox: Warren Buffett’s Billion-Dollar Bet
“In a fascinating turn of events, the US housing market is witnessing a unique phenomenon: the cost of new construction homes is dipping below that of previously owned residences. Against this intriguing backdrop, Warren Buffett’s Berkshire Hathaway conglomerate is making waves by investing over $1 billion in residential real estate ventures. This bold move underscores the group’s forward-thinking approach and underscores a potential shift in the industry.”
The Property Sector’s Facelift: Embracing New Opportunities.
Recently, numerous real estate businesses have been rebranding themselves by changing their names and logos to align with their new phase of development or simply to attract new partners.
“Vietnam’s Prime Minister Meets with Top Chinese Corporations, Discussing Investment and Partnership Opportunities”
On August 31, Vietnamese Prime Minister Pham Minh Chinh attended the 2025 Shanghai Cooperation Organization (SCO) Summit in China and met with leaders of several leading Chinese corporations.
