Fim hai viet nam

Workers make car seats at THACO company in Quang Nam Province. Part suppliers are struggling to seek their own ways to thrive. — Photo courtesy of THACO Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said. Experts said after nearly 30 years, Viet Nam’s supporting industry can produce 287 spare parts while about 30,000 parts are needed to make a car. Vietnamese part-supply companies can produce simple items including windshield tape, energy consumption labels, registration stamps, fuel pipes, water tank covers, tyres, tubes, electric wires, seats, bumpers, batteries, wheels, exhaust pipes, and air conditioners. Only a few businesses have invested in producing car bodies. These do not include engine parts such as gearboxes, safety and electronic systems. According to the Vietnam Automobile Manufacturers Association (VAMA), a single car has about 30,000 … [Read more...] about Viet Nam’s automobile supporting industry remains underdeveloped

Vietnamese Ambassador to the Czech Republic Thai Xuan Dung speaks at the event. — VNA/VNS Photo The Vietnamese Embassy together with the association of Vietnamese enterprises in the Czech Republic earlier this week held a forum on promoting trade and investment between the nations. Speaking at the event, Vietnamese Ambassador to the Czech Republic Thai Xuan Dung highlighted the importance of trade and investment promotion, particularly when both countries and others are seeking solutions for post-pandemic recovery. He said the forum aimed to help participating firms discuss issues related to the EU-Viet Nam Free Trade Agreement (EVFTA) so that they could come up with more suitable business plans and strategies. Trade between the nations hit US$936 million in the first half of 2021, up 28 per cent on-year, thanks to both sides’ efforts and the EVFTA’s impact. Participants focused their discussion on opportunities for Vietnamese enterprises with the coming-into-force of the … [Read more...] about Forum promotes Viet Nam-Czech Republic trade, investment

The contract was inked with a joint venture between Viet Nam’s Song Da Corporation and Nepal’s Kalika Group. — Photo evn.com.vn Viet Nam’s Power Engineering Consulting Company 1 (PECC1) on Monday signed a contract to provide assessment and design services to Tanahu hydropower project in Nepal. The contract was inked with a joint venture between Viet Nam’s Song Da Corporation and Nepal’s Kalika Group. The Tanahu project aims to meet power demand particularly during dry winter months, minimise fossil fuel-based power generation, stabilise Nepal's electricity supply system, and reduce transmission losses. Under the freshly signed deal, PECC1 will update and assess hydrometeorological conditions; and perform technical design and construction drawing for a series of items, including a 140m concrete dam, the highest of its kind in Nepal to date, and a spillway to discharge flood water. Speaking at the ceremony, PECC1 General Director Nguyen Huu Chinh said the event marks a … [Read more...] about Viet Nam’s power company seals contract for hydropower project in Nepal

Containers being loaded up at the Tan Cang-Cai Mep Thi Vai Terminal in southern Ba Ria-Vung Tau Province. — VNA Photo Viet Nam's export turnover in July to countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), reached US$3.98 billion, a 0.79 per cent increase from June and a 21.64 per cent increase from the same period last year. Two-way trade in July reached $7.9 billion, a 0.5 per cent increase from June and a 22.1 per cent increase from the same period last year, according to the latest report from the Ministry of Industry and Trade. The Southeast Asian country reported a trade surplus of just over $59 million with the bloc, a 60.5 per cent increase from June and a 22.6 per cent decrease from the same period last year. During the first seven months of the year, Viet Nam's trade surplus with the bloc was at $86.3 million, a 75.9 per cent decrease from the same period last year. While exports to Asian markets including Malaysia, Japan … [Read more...] about Viet Nam boasts strong exports to CPTPP countries in first-half of 2021

UOB headquarters in HCM City. — Photo courtesy of the bank The United Overseas Bank (UOB) has increased its charter capital in Viet Nam from VND3 trillion (US$128.8 million) to VND5 trillion ($214.6 million), following approval from the State Bank of Viet Nam earlier this month. “This fresh injection of capital demonstrates UOB’s commitment to deepening our presence in Viet Nam, and contributing to the country’s ongoing development," said Wee Ee Cheong, UOB Deputy Chairman and CEO. "UOB Vietnam has grown from a representative office in 1993 to a wholly-owned subsidiary bank in 2018. Over the last three years, UOB Vietnam has grown steadily and achieved a 53 per cent compounded annual growth rate in assets. This increased capital will allow us to continue supporting both new and existing customers in Viet Nam, through progressive solutions and the connectivity we can offer across UOB Group’s regional network,” he said. UOB Vietnam is focused on meeting the financial needs of … [Read more...] about UOB raises charter capital in Viet Nam

Workers make car seats at THACO company in Quảng Nam Province. Part suppliers are struggling to seek their own ways to thrive. Photo courtesy of THACO HÀ NỘI – Only a few spare parts are produced domestically, forcing domestic manufacturing and assembling enterprises to import automobile spare parts from other sources, experts said. Experts said after nearly 30 years, Việt Nam’s supporting industry can produce 287 spare parts while about 30,000 parts are needed to make a car. Vietnamese part-supply companies can produce simple items including windshield tape, energy consumption labels, registration stamps, fuel pipes, water tank covers, tyres, tubes, electric wires, seats, bumpers, batteries, wheels, exhaust pipes, and air conditioners. Only a few businesses have invested in producing car bodies. These do not include engine parts such as gearboxes, safety and electronic systems. According to the Vietnam Automobile Manufacturers Association (VAMA), a single car has … [Read more...] about Việt Nam’s automobile supporting industry remains underdeveloped