VinFast halts manufacturing of petrol cars Business

VinFast halts manufacturing of petrol cars

VinFast Commercial and Service Trading Co. Ltd. announced on July 15 that it will halt production of petrol-powered vehicles after the last batch of Lux and Fadil models were ordered by customers.
Vingroup aims for over 6 billion USD of revenue in 2022 Business

Vingroup aims for over 6 billion USD of revenue in 2022

Vietnamese multi-sector corporation Vingroup aims for net revenue of about 140 trillion VND (6.06 billion USD) this year, an increase of 11.4 percent year on year and after-tax profit of about 6 trillion VND (260 million USD), heard the firm’s annual stakeholders’ meeting held on May 11.
New policies being considered for electric cars Business

New policies being considered for electric cars

Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars.