THACO leads auto sales in July

With 6,827 cars sold, the Truong Hai Auto Corporation (THACO) topped the list of Vietnamese auto traders in July.

With 6,827 cars sold, the Truong Hai Auto Corporation (THACO) topped the list of Vietnamese auto traders in July.

Of the figure, THACO business accounted for 38.6 percent of the Vietnam Automobile Manufacturers Association (VAMA) sales in the month.

In the first seven months of 2015, THACO also crowned the domestic market with 41,420 cars sold, equivalent to 37.9 percent of the total VAMA sales figure.

In commercial automobile lines, THACO Frontiers and THACO Ollin trucks were among the most requested in July this year with 1,693 and 766 units, respectively.

Kia – including its Kia Morning, K3, and Kia Rio models – remained the main sales line of the company with 1,550 units, doubling the same month last year, followed by Mazda with 1,716 units.

Based on the positive business results to date, THACO targets to lead the market for the remainder of the year.-VNA

VNA

See more

An apartment and villa complex in Ha Dong district, Hanoi. (Photo: VNA)

Taxes on real estate based on time property is held not feasible: Justice Ministry

In their latest draft of a proposal to establish a new Law on Personal Income, to replace the current one, the MoF has proposed the Government impose taxes on income from real estate transactions based on the period of ownership – or holding period – which is the time between when an investor buys and sells a land or property.

Part of Ha Long city in Quang Ninh province (Photo: VNA)

Quang Ninh targets 14% GRDP growth in 2025

Secretary of the Quang Ninh Party Committee Vu Dai Thang emphasised that achieving this target would require Quang Ninh’s economy to reach approximately 395 trillion VND (15.4 billion USD) in 2025.

Illustrative image (Photo: VNA)

Ministry responds to escalating global trade tensions

Amidst the complicated developments in the global market, the MoIT has directed foreign market departments and Vietnam’s trade offices abroad to closely monitor market trends, as well as economic, political, and policy changes in the region and the world that could impact trade with Vietnam.

The Vietnamese online shopping and food delivery sector used about 160,000 cardboard boxes and 171,000 tonnes of plastic, mainly single-use plastic, in 2024. (Photo: vneconomy.vn)

Ministry proposes developing green e-commerce law

The MoIT's draft proposal to develop the Law on E-commerce will be included in the National Assembly's law and ordinance development programme in 2025 and will be presented to the NA for consideration and comments in October 2025, before being approved at a NA meeting in May 2026.

In 2025, Goertek will invest in a new project and bring more experts and new technology equipment to Vietnam. (Photo: Goertek)

Vietnam expects big FDI wave in 2025

More than 4.33 billion USD in foreign investment was registered in Vietnam in January, an increase of 48.6% compared to the same period last year.