Vietnam, Russia to ink protocol on automobile production cooperation Business

Vietnam, Russia to ink protocol on automobile production cooperation

Deputy Minister of Industry and Trade Dang Hoang An and his Russian counterpart Alexey Gruzdev had an online working session on November 3, during which the Russian side mentioned issues related to promoting the implementation of a protocol on cooperation in the automobile industry between the two countries.
Vietnam – Russia potential engagement in automobile industry on media’s radar Business

Vietnam – Russia potential engagement in automobile industry on media’s radar

A recent online meeting between Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Dmitry Chernyshenko has aroused the Russian media’s interest in the country’s potential automobile cooperation with Vietnam and the possibility of bringing Russian cars to the ASEAN market through the Southeast Asian nation.
Gov’t support aids automobile industry Business

Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens, according to a report by the Viet Dragon Securities Corporation (VDSC).
 Motorbike sales in Vietnam shrink in 2019 Business

Motorbike sales in Vietnam shrink in 2019

The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold over 3.25 million motorbikes in 2019, a year-on-year decline of 3.87 percent.
Gov’t to loosen conditions for auto imports Business

Gov’t to loosen conditions for auto imports

The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports.
Binh Duong pledges to remove difficulties for Korean firms Business

Binh Duong pledges to remove difficulties for Korean firms

The southern province of Binh Duong will actively work to promptly remove bottlenecks for businesses from the Republic of Korea (RoK), Chairman of the provincial People’s Committee Tran Thanh Liem affirmed at a dialogue with Korean firms on July 30.
Auto industry develops but local part supply still low Business

Auto industry develops but local part supply still low

The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to a Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.
RoK’s SK group to pour 1 billion USD in Vingroup Business

RoK’s SK group to pour 1 billion USD in Vingroup

SK Group, the third largest business group in the Republic of Korea (RoK), said on May 16 that it would invest 1 billion USD in Vingroup - Vietnam's leading real estate and retail conglomerate, as part of its efforts to expand presence in the Southeast Asian market.