Vietnamplus

The supporting industry boosted the development of Vietnam's industrial real estate market last year, according to CBRE Vietnam Co, Ltd.

Truong Hai Auto Corporation (Thaco) held a ceremony in the central coastal province of Quang Nam on December 28 to hand over 15 Vietnamese branded buses for export to the Philippines.

Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.

The development of electric vehicles (EV) is gaining momentum in Southeast Asian nations, as such vehicles require fewer parts and barriers to market entry are lower compared to engine-powered vehicles, according to The Yomiuri Shimbun.

A stronger automotive industry with higher participation of foreign firms will boost the domestic auxiliary industry, businesspeople have said.

Thailand’s car sales this year are likely to go up thanks to the improved purchasing power of many people, in line with recent better prices for agricultural products.

Vietnam is facing four key challenges, including the risk of becoming a country that have commercial friction with the US, early non-industrialization, not being able to participate in industrialization production chain and not really grasping the automotive industry, according to a Japanese expert.

Thai authorities have acknowledged that high concentrations of particulate matter or PM 2.5, remain in at least 21 areas throughout Bangkok and its vicinity, and the overall pollution situation could worsen again this week.

The Asian Development Bank (ADB) has approved a 78-million-USD financing package to help Vietnam’s labour force meet market demands by improving the quality of national technical and vocational education and training (TVET) institutions.

Vietnam was the fourth biggest market among ASEAN countries for German machine tool manufacturers, following Thailand, Indonesia and Singapore, according to the German Machine Tool Builders Association (VDW).

Northern Hai Phong city and Hai Duong province have welcomed big high-tech foreign direct investment (FDI) projects this month, with a combined investment of over 850 million USD.

Malaysia may consider restrictions on car imports to protect the country's "infant industry", Prime Minister Mahathir Mohamad said on July 30.

Vingroup subsidiary VinFast has won exclusive rights to distribute Chevrolet vehicles in Vietnam.

The Thai automotive industry enjoyed an 11.87 percent rise in vehicle production last month, thanks to higher exports of sedans and pickup trucks.

The 2018 Indonesian International Motor Show (IIMS) opened in Kemayoran, Jakarta on April 19, with the participation of 38 local and foreign automotive brands.

Automobile imports in Vietnam plummeted in the first month of 2018, also the time before Tết (Lunar New Year) holiday.

The Federation of Thai Industries (FTI) forecasts the country’s automobile production to reach 2 million units in 2018 driven by a growing demand.

The Malaysia Automotive Institute (MAI) has forecast that the automotive industry will create nearly 30,000 new jobs this year.

THACO plans to put into operation 15 large-scale BMW-brand showrooms in HCM City, Hanoi and other major provinces and cities this year to provide the best care and best after-sales services to customers across the country.

Although creative industries remain modest in Vietnam, there are certain local advantages for them to develop in the country.