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 Motor Show 2021 cancelled Business

Vietnam Motor Show 2021 cancelled

Vietnam Motor Show 2021, the largest annual automobile and motorbike expo in the country, has been cancelled due to COVID-19 pandemic impacts, the organising board announced on October 13.
VinFast cooperates with Gotion High-Tech to produce LFP batteries for electric vehicles Business

VinFast cooperates with Gotion High-Tech to produce LFP batteries for electric vehicles

Speaking at the cooperation agreement, Zhen Li, President of Gotion High-Tech Company, said that Gotion High-Tech will use leading technologies and experience in battery manufacturing to support Vinfast electric cars development. The two sides will contribute to jointly develop the clean energy industry and promote low emission targets in Vietnam, China and around the world.
Automobile producers struggle with lack of microchip Business

Automobile producers struggle with lack of microchip

Semiconductor chip shortage has caused a crisis for major automobile producers in the world, forcing them to suspend production and extend the time to deliver their products, but for Vietnamese ones, the impacts are quite minor as they still can ensure normal production and business activities, according to insiders.
VinFast posts rise in auto sales in May Business

VinFast posts rise in auto sales in May

Despite the impact of the COVID-19 pandemic, Vietnamese auto-maker VinFast Trading and Production LLC still enjoyed a month-on-month increase of 5 percent in sales in May, to 2,855 vehicles.
Auto sales down 15 pct. in May: VAMA Business

Auto sales down 15 pct. in May: VAMA

The Vietnam Automobile Manufacturers’ Association (VAMA) has reported that its members posted a 15 percent month-on-month decline in automobile sales in May to 25,585 units, due to the impact of COVID-19 and a shortage of semi-conductor chips for the industry.
Toyota, Honda suspend production in Malaysia World

Toyota, Honda suspend production in Malaysia

Toyota Motor Corp and Honda Motor Co. have ceased operation of their factories in Malaysia after this Southeast Asian country initiated a national lockdown to curb the spread of COVID-19 on June 1.