Mitsui & Co., a leading Japanese trading and investment group, has officially become a strategic shareholder of Tasco Corporation's subsidiary Tasco Auto.
The Vietnamese auto maker also sold 50,000 electric bikes last year.
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Vingroup’s leverage will likely remain elevated over the next 12-18 months, driven by its increasing debt-funded capital expenditure in the auto business.
Thaco continues to increase investment in agriculture as part of its strategy to diversify beyond automobile assembly.
A subsidiary of Truong Hai Auto Corporation has earned a revenue of $500,000 from first shipment of bananas to China.
There remain inadequacies and discrepancies in regulations, which may harness the development of automobile importers.
The Vietnamese automobile market is said not to be really stable because of negative impacts incurred by requirements of Decree No.116/2017/ND-CP, threatening security of thousands of jobs.
Despite the humble market share of Chevrolet, GM's car sales have been growing well in recent years thanks to its widespread distribution with 22 dealers nationwide, which will play crucial element to help VinFast form an auto sales and service network in its fledgling period of operation.
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.
Vsmart plant will be built at VinFast auto manufacturing complex in the Hai Phong's Dinh Vu – Cat Hai economic zone.
According to the latest price list announced, prices of BMW Motorrad models distributed by Truong Hai Auto Corporation, commonly known as Thaco decrease from VND129 million or equivalent to $5,675 to VND199 million or $8,755.
The Decree No. 116/2017/NĐ-CP and the Circular No.03/2018/TT-BGTVT have recently created a controversy among domestic assemblers, producers and importers.
According to Toru Kinoshita, chairman of Vietnam Automobile Manufacturers' Association (VAMA) cum president of Toyota Motor Vietnam, under the impact of some conditions regulated in Decree 116, auto companies may face difficulties and have to postpone Complete Built Up (CBU) importation.
Truong Hai Auto Corporation (THACO) has revealed that it will open 15 BMW and MINI showrooms within two years to offer the best maintenance and after-sales services to customers over the country.
