Business

Vietnam & Indonesia to boost auto industry links

June 06, 2017 | 12:22 PM GMT+7

Vietnam is a newcomer in the field of auto production, Indonesian Ambassador told at the recently held forum, but has strong background and resources.

Vietnam is a newcomer in the field but has a strong background and resources. Photo: vietstock.vn

The Embassy of Indonesia in Vietnam held a forum in Hanoi on June 2 on promoting a partnership between Vietnam and Indonesia in the auto industry, bringing together businesses from both countries, the Vietnam News Agency reports.

Opening the event, Indonesian Ambassador to Vietnam, H.E. Ibnu Hadi, said the Indonesian auto industry has strengths in producing spare parts for SUVs, sedans and light trucks, adding that it also exports domestically-assembled vehicles from imported components.

Indonesia has a close partnership with Japanese automakers and is striving to be among the region’s largest auto producers.

Vietnam is a newcomer in the field, the Ambassador went on, but has a strong background and resources, and this forum is to boost cooperation between Vietnamese and Indonesian carmakers.

Mr. Doan Duy Khuong, Deputy Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), noted that the large number of Indonesian auto companies at the forum is evidence of their interest in the Vietnamese market and its potential.

Mr. Nguyen Van, Deputy Chairman of the Hanoi Supporting Industries Business Association, said that Vietnam’s support industry is young and faces difficulties in accessing land, capital, and technologies.

The sector needs preferential policies to overcome these challenges, he added.

Tapping into opportunities for martech in Vietnam

Tapping into opportunities for martech in Vietnam

Business -  1 day

Vietnam's marketing technology landscape is evolving rapidly, propelled by a niche group of "whale" users who are driving a large portion of in-app purchases.

Tasco and Geely launch joint venture for car assembly plant in Vietnam

Tasco and Geely launch joint venture for car assembly plant in Vietnam

Business -  2 week

This agreement marks a significant step forward in the collaboration between two major automotive companies from Vietnam and China.

SuperPort Vietnam unveils new vision, targets net-zero emissions by 2040

SuperPort Vietnam unveils new vision, targets net-zero emissions by 2040

Business -  2 week

SuperPort Vietnam is set to become a multimodal logistics hub, linking China and Southeast Asia's freight networks with global markets.

TNH Hospital Group eyes major foreign investment to fuel ambitious expansion

TNH Hospital Group eyes major foreign investment to fuel ambitious expansion

Business -  1 month

Foreign capital is anticipated to aid TNH Hospital Group Joint Stock Company (TNH) in realizing its ambitious expansion plans.

Mcredit stumbles as rivals surge ahead in consumer finance boom

Mcredit stumbles as rivals surge ahead in consumer finance boom

Business -  1 month

While major consumer finance firms in Vietnam have reported strong growth, Mcredit posted an unexpected 87 per cent drop in profit for the first half of 2024.

Top firms leverage capital for long-term gains amid challenges

Top firms leverage capital for long-term gains amid challenges

Business -  1 month

Well-managed companies not only seek capital but also maximize their investments, creating a solid foundation for long-term growth.