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.
Car sales in Vietnam down 34 percent in January Business

Car sales in Vietnam down 34 percent in January

As many as 30,742 cars were sold in Vietnam in January, a decline of 34 percent compared to the previous month, according to a monthly report issued by the Vietnam Automobile Manufacturers Association (VAMA) on February 15.
Thai auto part manufacturers to shift to EV part production ASEAN

Thai auto part manufacturers to shift to EV part production

According to the Chairman of the Auto Parts Club under the Federation of Thai Industries, Pinai Sirinakorn, it is expected that electric vehicles (EV) will soon replace vehicles that rely on internal combustion engines as EV requires only around 15,000 parts to be built instead of 30,000 parts of traditional engines.