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VinFast expands network despite losses

VinFast expands network despite losses

The gross loss of Vingroup’s electric vehicle brand VinFast saw an increase of 7.3 per cent last year when the company expanded its commercial footprint.

Vietnamese BMW importer accused of transfering illegal profits abroad

Euro Auto Joint Stock Company (Euro Auto), the authorized importer and distributor of BMW, has falsified the records for tax avoidance, constituted behavior associated with the smuggling and transferred all illegal profits abroad, according to General Department of Vietnam Customs (Vietnam Customs).

Khaisilk’s commercial infringements subject to strict punishments

Deputy Prime Minister Truong Hoa Binh has assigned the Ministry of Public Security, the Ministry of Industry and Trade, the Ministry of Finance and other relevant agencies to strictly handle the commercial infringements caused by Khai Duc Ltd., Co. (Khaisilk) in accordance with the law.

Prices of some automobile models suddenly increase to contradict common trend

Truong Hai Auto Corporation (Thaco) has announced a slight reduction of some Mazda models’ prices while Honda CR-V’s price is also showing signs of increasing before Tet holiday.

Vinachem to sell its entire stake in 15 companies

Under the restructuring scheme, the Vietnam National Chemical Group (Vinachem) will hold less than 50 per cent stake in seven companies and sell all of its stake in 15 other companies.

Open non-stop flight to the U.S., tourism industry is eager to launch new products

In 2018, Vietnam Airlines will have its first non-stop flight to the United States, with a starting point of either San Francisco or Los Angeles.

Thai Binh coastal economic zone to be established

The Prime Minister has signed off on the establishment of Thai Binh Economic Zone (Thai Binh province), which has a large area coverage of over 30,000 hectares.

As taxes fall to zero, automakers race to offer discounts

A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.

Anam Electronics builds its second factory in Ha Nam

Anam Electronics Vietnam, a Korean-owned electronics manufacturer, has just broken ground on a US$77.5-million electronics factory covering 10,000 square meters in Dong Van IV Industrial Park in Ha Nam province.

Vinafood 2 sets out its equitization to offer 25 per cent stake for strategic investors

Viet Nam Southern Food Corporation (Vinafood 2) recorded a business loss in the first half of last year and is maintaining a long-term debt of VND3,770 billion (roughly US$166.26 million).

China Eximbank disburses additional US$250 million for Cat Linh - Ha Dong Railway project

The Export-Import Bank of China (China Eximbank) has recently approved an additional US$250-million loan for the Cat Linh - Ha Dong Railway project in Ha Noi.

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91.48 0.3 0.33
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