Taya Electric Wire and Cable Co (
"We hope that we are the pioneer in this move," an official from Taya Electric Wire said.
"We will offer shares [equal] to 20 percent of our registered capital, which is roughly 36 billion dong (US$2.3 million)," the official said.
"At present we are in the process of defining the share's value. According to our agenda, we expect to launch the IPO in late April."
Five other firms have received government approval to do so.
Vietnamese securities officials were unavailable for comment yesterday.
Taya (Vietnam) was launched in 1995 as part of the then Taiwan government's "advance south" policy of encouraging companies to invest in countries other than China so as not to concentrate too much business activity in its mainland rival, which threatens to retake Taiwan, by force if necessary.
The English-language weekly Vietnam Investment Review said the first Taya factory in the southern province of Dong Nai employs more than 400 people.
A second factory has just begun operating in the northern province of Hai Duong, it said.
The shares will be listed in the country's two stock exchanges, in Hanoi and Ho Chi Minh City.
Vietnam's second stock exchange opened in Hanoi on March 8, offering shares in state-owned enterprises (SOEs) as well as bonds and other financial instruments.
The Ho Chi Minh City market has operated since July 2000 but it has failed to take off in any significant way.
According to official figures, Vietnam now has more than 2,400 SOEs but only 27 of them are listed on Ho Chi Minh City's stock exchange.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
MAJOR BENEFICIARY: The company benefits from TSMC’s advanced packaging scarcity, given robust demand for Nvidia AI chips, analysts said ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip packaging and testing service provider, yesterday said it is raising its equipment capital expenditure budget by 10 percent this year to expand leading-edge and advanced packing and testing capacity amid strong artificial intelligence (AI) and high-performance computing chip demand. This is on top of the 40 to 50 percent annual increase in its capital spending budget to more than the US$1.7 billion to announced in February. About half of the equipment capital expenditure would be spent on leading-edge and advanced packaging and testing technology, the company said. ASE is considered by analysts