The Republic of Korea's Hyundai Motors and local Truong Hai Automobile Company (Thaco) have launched a mini bus manufacturing project with the total capacity of 10,000 units per year.
Hanoi (VNA) - The Republic of Korea's Hyundai Motors and local Truong Hai Automobile Company (Thaco) have launched a mini bus manufacturing project with the total capacity of 10,000 units per year.
It’s the first-ever manufacturing project in Vietnam to build a new Hyundai mini bus model for export.
The first Hyundai minis buses will roll out from Quang Nam-based bus plant this year.
The bus model is the newest Hyundai model in the Vietnamese market, in cooperation with local car makers after series models of trucks, dump-trucks, buses and commercial cars were produced from 2011.
Thaco said it has invested over 2 trillion VND (8.5 million USD) to build a bus plant with total capacity of 20,000 seaters/sleeping buses and mini-buses per year.
The nation’s biggest automaker plans to build three more plants with the total annual capacity of 215,000 trucks, vans and commercial cars, and achieve a localisation ratio of 16 to 46 percent.
Thaco has so far manufactured and distributed vehicles of three foreign brands: Kia of the Republic of Korea, Mazda of Japan and France’s Peugeot.-VNA
Huyndai Vinashin (HVS) announced on June 27 that it is building four oil tankers, each with a capacity of 50,000 tonnes, for Italian company D’Amico International Shipping S.A.
A number of green vehicles are being showcased at the 12th International Exhibition on Automobile and Supporting Industry (Vietnam AutoExpo 2015) held at the Giang Vo Exhibition Centre in Hanoi from June 17.
The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.
Vietnam’s car import turnover in December 2016 increased in both quantity and value, making the year’s total annual car imports finish at 2.3 billion USD, according to the General Statistics Office.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: VNA) 
