Vietnam auto industry

Difficulties and opportunities intertwined Vietnam’s participation in a series of new generation free trade agreements (FTAs) has generated increasing demand for cooperation, investment, production and business development between domestic enterprises and foreign-invested ones. The Chair of the Hanoi Supporting Industries Business Association (HANSIBA) Nguyen Hoang said many supporting industry enterprises have been able to supply large multinational corporations. Together with international enterprises operating in Vietnam such as Canon, Samsung, Toyota, and Honda, they have exported products directly around the world, yielding significant revenues. Therefore, the association has been making efforts to promote supply and demand connections for domestic supporting industry enterprises with such enterprises. The textile and garment industry is dependent on imported raw materials and accessories Assoc. Professor Dr. Phan Dang Tuat, Deputy Chair of the Vietnam …

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Hong Duc Industry JSC, part of DEEP C Industrial Zones , Bamboo Capital Group and Sojitz Corporation with the MoU that the three parties have signed. (Photo courtesy of DEEP C) Hai Phong (VNS/VNA) - Hong Duc Industry JSC , part of DEEP C Industrial Zones, Bamboo Capital Group and Sojitz Corporation on November 25 signed a Memorandum of Understanding (MoU) to develop an industrial park project and ancillary infrastructure services with expected total investment capital of approximately 250 million USD. The signing was under the framework of the Investment Promotion Conference held in Japan, under the witness of Prime Minister Pham Minh Chinh. Under the agreement, DEEP C Industrial Zones together with Bamboo Capital Group and the Sojitz Corporation will cooperate to develop an industrial park project and rooftop solar power as well as ancillary infrastructure services in the northern region of Vietnam. DEEP C is a cluster of industrial parks and seaports …

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Local consumers have the opportunity to shop online with many discounts. Vietnam Online Shopping Week will take place from November 27 to December 4 while Online Friday 2021 will run from December 3 to 5 with the aim to stimulate consumption and promote the development of Vietnam’s e-commerce. A kick-off event of the GoOnline program. Photos: MoIT Within the Online Shopping Week, a series of activities will be held such as: GoOnline Series 1, a press conference to announce the program “Vietnam national store on JD.com e-commerce platform”, launching ceremony of National Promotion Month 2021 and an online marketing seminar. Meanwhile, this year's Online Friday will attract a huge number of e-commerce businesses such as Shopee, Tiki, Sendo, Voso and Lazada, manufacturing businesses, and other distributors who will offer exclusive discounts of up to 100%. Speaking at the kickoff event on November 26, Le Duc Anh, Director of the Center for …

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Sakchai Chatchaisophon, vice president of C.P. Vietnam, receiving the award On November 25, at the National Convenience Centre in Hanoi, the ceremony was held to announce the 500 most profitable enterprises in 2021 and the 10 most reputable food-beverage-retail companies in 2021 by Vietnam Report and newswire Vietnamnet . Sakchai Chatchaisophon, vice president of CPV attended and received the award. These awards recognise C.P. Vietnam's achievements in the food industry. Sakchai Chatchaisophon, who is in charge of the food processing factory in Hanoi said, “The agri-industry and food processing have been the foundation of Charoen Pokphand Group over the past 100 years. Following the close diversified business model of our global group, C.P. Vietnam has been pioneering science and technology to create high-quality, safe, and fresh products supplying domestic and international markets.” Modern production lines making high-quality products at C.P. Vietnam C.P. …

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Hồng Đức Industry JSC, part of DEEP C Industrial Zones, Bamboo Capital Group and Sojitz Corporation with the MoU that the three parties have signed. — Photo courtesy of DEEP C HẢI PHÒNG — Hồng Đức Industry JSC, part of DEEP C Industrial Zones, Bamboo Capital Group and Sojitz Corporation on Thursday signed a Memorandum of Understanding (MoU) to develop an industrial park project and ancillary infrastructure services with expected total investment capital of approximately US$250 million. The signing was under the framework of the Investment Promotion Conference held in Japan, under the witness of Prime Minister Phạm Minh Chính. Under the agreement, DEEP C Industrial Zones together with Bamboo Capital Group and the Sojitz Corporation will co-operate to develop an industrial park project and rooftop solar power as well as ancillary infrastructure services in the northern region of Việt Nam. DEEP C is a cluster of industrial parks and seaports developed and operated by the …

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Illustrative image (Photo: VNA) Dong Nai (VNA) – Industrial parks in the southern province of Dong Nai attracted 46 new foreign direct investment (FDI) projects worth 358.85 million USD from the beginning of this year to November 11. Le Van Danh, deputy head of the Dong Nai Industrial Zones Authority, said during the period, the parks lured eight domestic projects with total investment of 1.13 trillion VND (49.88 million USD). Meanwhile, 94 valid FDI projects increased their capital by 736.64 million USD, and seven domestic projects added 1.24 trillion VND to their investments, he added. Notably, the authority on November 15 granted the investment licence to KSM ENG Vina manufacturing and processing factory in Giang Dien IZ, Trang Bom district, with total registered capital of 10 million USD that comes from the Republic of Korea (RoK). Despite COVID-19, Dong Nai has still attracted investments worth over 1.19 million USD so far this year, of which some 1.09 …

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At the event, nearly 200 displayed photos, materials, and items are divided into two parts, namely “Milestones over time” and “Friendship, cooperation and development.” The first part showcases outstanding photos and items reflecting the significant, timely and effective support of the Party, State and people of the Soviet Union/Russia for the Vietnamese people’s fight for independence in the past and its current national construction and defense cause. The second part displays typical images, documents and artifacts reflecting the mutually beneficial cooperation relationship between Vietnam and the Russian Federation in various fields, with the focus on defense ties, which have been a pillar in the bilateral relationship. It vividly reflects the two countries’ defense cooperation activities over the past time, including military technology, arms industry, human resource training, and Army Games. The exhibition also includes photos and artifacts recalling the important achievements …

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Vietnam is rolling out plans to enhance the capacity of its human resources, photo Le Toan In his call for more investment from the international community, Prime Minister Pham Minh Chinh has underlined Vietnam’s great efforts to improve the quality of human resources – one of the key factors receiving attention from investors. “To bring into full play the potential of the Vietnamese people, who constitute Vietnam’s most important resource, and serve both as the subject and highest goal of development, we have been stepping up capacity building, with a focus on the development of digital human resources and a skilled workforce to make the most of the shift in supply chains,” PM Chinh stated at the recent strategic dialogue between Vietnam and the World Economic Forum (WEF) held online. “We are also improving technological development, innovation, and digital transformation. We are also restructuring our economy, in tandem with transforming our growth model and improving …

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Safe operation of high-voltage grid. (Photo: VNA) Hanoi (VNA) - The Ministry of Industry and Trade has completed and officially submitted the Power Development Plan VIII to the Government. This plan considers developing hydroelectricity and renewable energy projects at an appropriate scale. Future orientations for development of power industry According to a representative of the Ministry of Industry and Trade, there have recently been many big changes in electricity development, such as the National Assembly's decision to stop the implementation of the Ninh Thuan nuclear power plant project. In addition, the Government issued Decision No. 11/2017/QD-TTg on mechanisms to promote the development of solar power projects in Vietnam. Another one, Decision No. 39/2018/QD-TTg, was issued on mechanisms to support the development of wind power projects in Vietnam. These are to create an investment boom in solar and wind power projects (mainly implemented with private …

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Representatives of Top 500 most profitable companies in Việt Nam in 2021 at the award ceremony. — Photo courtesy of Vietnam Report HÀ NỘI — Vietnam Report and online newspaper Vietnamnet yesterday announced the list of Top 500 most profitable companies in Việt Nam in 2021 (PROFIT500) and Top 10 most prestigious companies in the food – beverage – retail sector. The fourth wave of the COVID-19 pandemic has changed all forecasts and is a "test" for the economy. In the new context, for businesses, profit is not enough, but it must be sustainable profit based on strong internal capacity, flexibility to adapt to the market, and quick application of technology, enhancing e-commerce, digital payments and work-from-home capabilities. They also need to reorganise supply chains and focus more on the domestic market. In addition, building brand reputation - an "intangible asset" associated with intrinsic strength would help the Vietnamese business community step by step overcome the pandemic …

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