Competition in the automobile sector on the domestic market is fierce, not only in the production of local enterprises, but also the significant imports of cars in the first nine months of this year.
Truong Hai Auto Corporation (THACO) on September 14 inaugurated its upgraded and expanded Thaco KIA factory at the Tam Hiep Industrial Zone in the central province of Quang Nam.
Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes.
The Truong Hai Auto Corporation (THACO) inaugurated a plant manufacturing cars for luxury European brands and debuted the Peugeot Traveller model in the central province of Quang Nam on May 5.
Prime Minister Nguyen Xuan Phuc said he wishes that Chu Lai would strive to become a high-quality agro-forestry processing hub of the country to be able to meet huge demand in ASEAN, northeastern Asia, G7 and G20 countries.
The Ministry of Industry and Trade (MoIT) will implement solutions to support and promote the automobile industry projects of companies such as Truong Hai Automobile Company (Thaco), Thanh Cong Group, VinFast and others.
The Truong Hai Automobile Company (Thaco) plans to export locally manufactured buses, cars and semi-trailers as well as spare parts and accessories to the US, Canada, Thailand, Singapore and the Philippines worth 60 million USD in 2019.
Lao Prime Minister Thongloun Sisoulith has pledged to create favourable conditions for Vietnamese firms to continue investing in agricultural development in Laos.
Despite difficulties in the first half of 2018, the domestic automobile market saw impressive growth compared to the previous year with nearly 290,000 vehicles sold during the year, an annual rise of 5.8 percent.
Vietnam’s car sales rose by 23 percent year on year in November to 30,540 units, according to a report by the Vietnam Automobile Manufacturers’ Association.
From a barren and arid land, the Chu Lai Open Economic Zone in the central province of Quang Nam has made itself a fertile area for industrial development, according to Prime Minister Nguyen Xuan Phuc.
Coach Park Hang-seo of the Vietnam national football team on December 16 announced he will donate the 100,000 USD he was rewarded for charities activities in the host country.
In order to help boost the Vietnamese automobile industry – one of the most important contributors to national economic growth – the country could do with focusing on its policy stability, market expansion, support industry development, and connectivity reinforcement, according to insiders.
Local car maker Truong Hai Auto Company (THACO) will introduce the BMW X2 model in Vietnam, just one year after the vehicle first debuted at the Los Angeles Auto Show in the US in 2017.
The Hoang Anh Gia Lai (HAGL) Group and Truong Hai Auto Corporation (THACO) inked a strategic cooperation agreement in Ho Chi Minh City on August 8 in the presence of Prime Minister Nguyen Xuan Phuc.
The use of effective policies in the automobile sector since the beginning of the year has boosted the production and assembling of automobile and better controlled imported vehicles in the first six months of 2018.
Truong Hai Auto JSC (Thaco) inaugurated Thaco Mazda automobile manufacturing plant, the biggest and most modern Mazda factory in Southeast Asia, in the central province of Quang Nam on March 25 in the presence of Prime Minister Nguyen Xuan Phuc.
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