Vietnamese carmaker aims to conquer European high-end electric car market


Vietnamese carmaker aims to conquer European high-end electric car market

The Le Monde newspaper of France has recently posted an article reporting that VinFast automaker of Vietnam’s conglomerate Vingroup has entered the high-end electric car market in Europe, as it is expected to launch two models in France and Germany by late 2022. “Not so long ago, an unknown Vietnamese automaker with ambition to gain…

Post-pandemic Cooperation Prospect of Vietnam & Hong Kong


Post-pandemic Cooperation Prospect of Vietnam & Hong Kong

The Vietnamese Ministry of Industry and Trade and the Commerce and Economic Development Bureau of the Hong Kong  jointly held a teleconference on post-pandemic economic recovery – Vietnam-Hong Kong partnership. Speaking to Vietnam News Agency’s correspondents, Anthony Lam, Executive Deputy Chairman of the Federation of Hong Kong Industries (FHKI) and CEO and Vice Chairman of…

Samsung to Expand Northern Vietnam Plant


Samsung to Expand Northern Vietnam Plant

Samsung is set to expand its plant in the northern province of Bac Ninh this year to increase its production capacity of foldable devices. The company would kick off the expansion project within the second half of this year, targeting full operation by the end of 2021 or early next year at the latest, according…

President holds online talks with Japanese Prime Minister


President holds online talks with Japanese Prime Minister

President Nguyen Xuan Phuc expressed his hope that the Vietnamese and Japanese economies will be connected more effectively, in combination with green, digital transformation during his online talks with Japanese Prime Minister Suga Yoshihide. During his online talks with Japanese Prime Minister Suga Yoshihide, President Phuc rejoiced at the strong, comprehensive development of the Vietnam-Japan…

Vietnam looks to become AI hub in ASEAN by 2030


Vietnam looks to become AI hub in ASEAN by 2030

The Vietnamese Government has issued a national strategy on the research, development, and application of artificial intelligence (AI) till 2030 with a view to gradually turning Vietnam into innovation and Artificial Intelligence (AI) hub in Asean and the world. Minister of Science and Technology Bui The Duy said the strategy targets that Vietnam will be…

CPI picks up 1.79 percent in eight months


CPI picks up 1.79 percent in eight months

The Consumer Price Index (CPI) for the first eight months of 2021 picked up 1.79 percent year-on-year, the lowest increase for the same period since 2016, the General Statistics Office (GSO) . The August index edged up 0.25 percent month-on-month, and 2.82 percent year-on-year, largely owing to higher prices of food and foodstuff in cities…

LG Display raises investment at Vietnam factory


LG Display raises investment at Vietnam factory

Vietnam has awarded a licence to South Korea’s LG Display that will see it raise its investment in the northern port city of Haiphong by $1.4 billion, the city’s People’s Committee said on Tuesday. The investment will boost the company’s OLED display output at the Haiphong factory to 13 million to 14 million units per…

Boeing Opens First Vietnam Office in Hanoi


Boeing Opens First Vietnam Office in Hanoi

Boeing has opened its first office in Hanoi and named a new Southeast Asia leader, reflecting the continued importance of the region to the company. The aircraft manufacturer also opened a new office in Jakarta and named Alexander Feldman, who will be based in Singapore, as the new president of the company’s Southeast Asia business,…

Vietnamese Prime Minister Welcomes US Counterpart


Vietnamese Prime Minister Welcomes US Counterpart

Prime Minister Pham Minh Chinh has affirmed that Vietnam treasures ties with the US and wants to foster bilateral comprehensive partnership in a practical, effective and stable manner, for the sake of peace, cooperation and development in the region and the world. During a reception in Hanoi on August 25 for US Vice President Kamala…

Vietnam’s Overseas Investment Soars 125% in 7 Months


Vietnam’s Overseas Investment Soars 125% in 7 Months

Vietnamese investments overseas soared 125.4 percent year-on-year to 570 million USD in the first seven months of 2021, the General Statistics Office (GSO) announced on July 29. The sharp increase was largely attributed to extra investment from Vietnam injected into overseas projects, the GSO explained. For example, the Indochina Rubber Investment and Development Co., Ltd….