Thaco continues to increase investment in agriculture as part of its strategy to diversify beyond automobile assembly.
There were up to 1,995 cars with nine or fewer seats imported to Vietnam last week, mostly from Indonesia and Thailand.
Vingroup said that it is willing to take risks, even trade-off some short-term economic benefits to concentrate all its resources on automobile project VinFast.
Last week, 1.440 units of duty-free cars were imported to Vietnam from Indonesia, accounting for nearly half of the total of nine seater or fewer cars.
The number of nine seaters or fewer cars imported to Vietnam in the past week suddenly dropped sharply to 759 units, equivalent to nearly 40 per cent of the total car imports in the previous week.
The total number of imported automobiles handed over to customers reduced by up to 45 per cent in the first seven months of this year, compared to the same period of last year.
VinFast has been developing at an express speed, which is exactly what Chairman of Vingroup Pham Nhat Vuong expected at the "fateful" meeting with Vo Quang Hue when he was still a managing director of Bosch Vietnam.
On the list of five best sellers of last month, there was no presence of completely built-up automobiles (CBU).
VinFast has successfully caught the eyes of many reputable investors making them willing to supply parts, components and accessories for VinFast at their Suppliers Workshop held recently in Frankfurt, Germany.
The Government Office has sent a document asking for seven ministries’ opinions on the settlement of problems in the lease of land for the expansion of Toyota’s project in Vinh Phuc province.
