Industry

Illustrative image (Photo: VNA) Vientiane (VNA) – Vietnam and Laos expect to achieve 2 billion USD in two-way trade in the near future, given that the figure surged 28.2% annually to 1.4 billion USD in ten months of this year, heard a forum held in Vientiane on November 25. Lao Ministry of Industry and Commerce (MIC), said the event offers a chance to listen to concerns of businesses and review the efficiency of existing cooperation frameworks to fine-tune policies, mechanisms and laws, thus helping firms improve their production and export capacity, even export to the third country. VNA … [Read more...] about Vietnam, Laos eye 2 billion USD in two-way trade

Vietnam's electric vehicle maker VinFast on Friday shipped their first batch of 999 cars to the United States. VinFast ships their first batch of 999 cars to the United States on November 25. The cars were sent from MPC Port in the northern city of Hai Phong and are expected to arrive in California Port and be handed over to the first US customers by the end of December, the company said. Speaking at the event this morning, vice chairman and CEO of Vingroup, Nguyen Viet Quang, said that this was a historic milestone for Vingroup as well as Vietnam’s car industry, underlining how Vietnamese hi-tech products could compete in the world market. "This was the first batch of 65,000 VinFast VF 8 and VF 9 cars to be exported globally," Quang said. "The next batches will be sent to Europe next year." The company is currently offering subscriptions for Teslas and is planning to add models from several brands such as Rivian, … [Read more...] about Vietnamese electric vehicle maker ships first products to US

Dong Nai province attracted 1.01 billion USD in FDI as of October 31. (Photo: VNA) Dong Nai (VNA) – The southern province of Dong Nai, with its geographical and transport strength, has the advantage to promote selective attraction of foreign direct investment (FDI). The industrial hub is located in the southern key economic region , serving as a northeast gateway to Ho Chi Minh City. It connects the south central and south Central Highlands regions with the entire southeast region, making the locality a favourable spot for the transport of goods to both domestic and foreign markets. According to the provincial Department of Planning and Investment, as of October 31, Dong Nai raked in 1.01 billion USD worth of FDI, meeting 91% of the target set for the year. In the period, there were 38 new projects licenced, whose registered capital amounted to 381.65 million USD. Most of them were invested by those from the Republic of Korea (RoK), Taiwan (China), Japan, and … [Read more...] about Dong Nai eyes selective FDI attraction

Prime Minister Pham Minh Chinh (C) and other delegates attend the ceremony to export the first batch of VinFast electronic vehicles to the US. (Photo: VNA) Hai Phong (VNA) – Prime Minister Pham Minh Chinh on November 25 attended a ceremony in the northern port city of Hai Phong to export the first batch of VinFast electronic vehicles (EVs) to the US. Accordingly, 999 EVs of VF8 model, boarded Panamanian vehicles carrier Silver Queen, are expected to arrive in California in the next 20 days and be handed over to the first consumers by the end of December. This is the first batch shipped abroad among 65,000 orders of VF8 and VF9 models. After the US market, the first Vietnamese EV maker will export other batches to Canada and Europe to hand over to its customers in 2023. US Ambassador to Vietnam Marc E. Knapper expressed his delight that VinFast has placed its confidence in the future of electric vehicles in the US market, as the manufacturer also has its factory built in … [Read more...] about VinFast exports first batch of EVs to US

At the workshop (Photo: VietnamPlus) Hanoi (VNA) – Urbanisation and urban advancement have created favourable conditions for socio-economic development . However, urban upgrade targets have only been set for land and population increase instead of actually designing improved urban quality of life. Air, water and noise pollution occur in new urban areas at alarming levels, leaving some areas vulnerable to climate change. The topic was mentioned in a workshop featuring the development of new models and transition to green and sustainable urban economy, as part of the Vietnam Urban Sustainable Development Forum co-hosted by the Party Central Committee’s Economic Commission and the Construction Ministry on June 17. Expanding economic space At the event, Deputy Prime Minister Le Van Thanh said after over 35 years of renewal policy, Vietnam’s urban system has developed strongly in terms of quantity and quality. The country has so far recorded 869 urban areas. The urban … [Read more...] about Urbanisation not parallel to quality of life: Official