Industry News

Work starts on first Vietnamese automobile manufacturing complex

Prime Minister Nguyễn Xuân Phúc attended a ceremony in the northern port city of Hải Phòng on September 2 to start the construction of the first Vietnamese automobile manufacturing complex in Đình Vũ – Cát Hải economic zone.

IIP up 6.7 per cent in eight months

The national index for industrial production (IIP) increased 6.7 per cent year-on-year in the first eight months of this year, the General Statistics Office (GSO) reported.

Toyoda to build airbag plant in VN

Toyoda Gosei Co., Ltd. on Wednesday released plans on its website to establish a new plant for producing airbag parts in the northern province of Thái Bình, Việt Nam.

Gov’t urged to cut auto parts’ import tax

Authorities in the central province of Quảng Nam have asked the Government to reduce the import tax on auto parts and components for locally-assembled vehicles at the earliest.

Vietnamese support industry sees big improvements

Many electronics and engineering companies have become first-class suppliers for foreign-invested enterprises (FIEs) in Vietnam.

Whopping rise in steel imports from India

Steel imports from India posted a whopping increase in the first six months of this year, customs’ statistics revealed.

US investigates Samsung and LG washing machines manufactured in Vietnam

Washing machines manufactured in Vietnam by Samsung and LG and exported to the US are being investigated due to signs of dumping.

HCM City to focus on 4 key industries

HCM City’s Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city’s stimulus package until the end of this year, said Nguyen Phuong Dong, DoIT’s deputy director last week

Vietnam considers licensing first made-in-Vietnam spacecraft

The first Vietnamese-made spacecraft created by a group of young engineers headed by Pham Gia Vinh has recently received a license for manned test flights in the country.

Private companies’ influence on economy growing

As Thaco’s car sales decreased, the Quang Nam province’s budget revenue suddenly dropped by VND3 trillion. This news has been cited by economists to show the role of large private conglomerates in the economy.
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