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Tata Group investigates different angles in Vietnam

Updated : 19/01/2017

India’s Tata Group announced plans to expand into Vietnam in a wide range of business sectors, focusing on energy, coffee processing, and agricultural machinery.

Indronil Sengupta, executive director of Tata Group in Vietnam, confirmed in a meeting last week with President Tran Dai Quang that the group’s expansion plan will target solar and wind power projects, a coffee....Read More


Steel sector to grow 10-12 percent next year

Updated : 15/12/2016

HCM City (VNA) - The steel industry is likely to enjoy 10-12 percent growth next year, said the Vietnam Steel Association (VSA) at a workshop in HCM City last week.

According to Chu Duc Khai, VSA General Secretary, steel consumption depends on the country’s gross domestic product (GDP) growth....Read More


World Bank: Vietnam’s mid-term outlook favourable

Updated : 05/12/2016

Hanoi (VNA) – Vietnam’s medium-term outlook remains favourable with GDP expected to expand by 6 percent this year, according to the World Bank (WB)’s Taking Stock report.

The WB said, despite a fragile global environment, Vietnam’s economy remains resilient, thanks to robust domestic demand and export-oriented manufacturing....Read More


Vietnam expects GDP growth rate at 7.1-7.3 percent in Q4

Updated : 02/12/2016

Hanoi (VNA) – Vietnam’s economy will continue the recovery trend with a GDP growth rate forecast at 7.1-7.3 percent in the fourth quarter of 2016, according to the General Statistics Office (GSO).

Accordingly, the economy is set to remain attractive to FDI and enjoy an increase in exports. A big portion of overseas remittances will be poured into economic activities....Read More


Investors remain optimistic about Vietnam’s economy

Updated : 01/09/2016

Hanoi (VNA) – Domestic and foreign investors are still keen on the Vietnamese market and have positive outlook about the country’s economy, according to a survey conducted by Grant Thornton Vietnam in the third quarter of 2016.

While there is a slight decrease of 6 percent from the previous survey, still 55 percent of respondents expressed their optimism about Vietnam’s economy.....Read More


Industrial zones getting hot again

Updated : 26/08/2016

Thai Amata Corporation has announced an investment project capitalized at $800 million in Dong Nai province, under which 40 percent of area will be reserved for an IZ, while the remaining 60 percent will be for apartments and trade development.

The foreign investor has revealed that it is seeking another license to build another IZ in the north which is expected to be even larger than the project in Dong Nai....Read More


Laptop sales slowed by tablets

Updated : 13/08/2016

Laptop sales have plateaued despite companies launching new products to stimulate the market, with insiders blaming it on the economy and a switch by consumers to tablets. — Photo

HCM CITY (Biz Hub) — Laptop sales have plateaued despite companies launching new products to stimulate the market, with insiders blaming it on the economy...Read More


Deputy PM Hue encourages increased automotive localisation rate

Updated : 10/08/2016

Reporting to the deputy PM, Chairman of Managing Board and General Director Tran Ba Duong of Truong Hai said that this year the company aims to generate an output of more than 112,000 vehicles, collecting a revenue of about US$3 billion and contributing more than VND20 trillion to the State budget.

Established in 1997, Truong Hai has expanded its operations in recent years, focusing on technology transfer and investment in spare parts to increasing the localisation rate of its products. Currently, the localisation rates of Truong Hai made products are at 60% for buses and 42% for trucks.

Its automobile market share is currently at 42.8%. For buses, Truong Hai dominates the market with a share of nearly 60%. The number of vehicles sold has continuously increased in the last five years, reaching more than 80,000 in 2015...Read More


Toyota, Honda making big bucks in Vietnam

Updated : 04/08/2016

Japanese automobile makers Toyota and Honda earned VND trillions in profit in Vietnam over the past four years.

Numbers collected from Vietnam Engine and Agricultural Machinery Corporation (VEAM), a joint venture associate of Honda and Toyota, showed that the two companies saw year-on-year growth in revenue and profit in the 2012-2015 period...Read More


Daikin grows home and abroad

Updated : 22/07/2016

OSAKA-BASED Daikin Industries is investing Bt15 billion to build a room air-conditioner factory in Vietnam and further expand air-compressor production at its Rayong plant to meet growing demand at home and abroad.

Hitoshi Tanaka, president of Siam Daikin Sales, said yesterday that his parent company Daikin Industries recently revealed the Bt10-billion plan...Read More


Siam Hardware partners with Japan painting-tool maker

Updated : 29/07/2016

SIAM HARDWARE Industry Co yesterday officially announced a partnership with Maru-T Ohtsuka Corporation, introducing a premium range of painting equipment under the Maru-T brand, targeting homeowners, architects and professional painters.

Maru-T is an established brand in Japan with a 100-year history. It claims to be a trusted brand among Japanese professional painters for high quality and standards, durability, versatility and innovation. Maru-T says it continually develops its technology to enable professionals to achieve a flawless painting finish.

This is the first time Maru-T has entered a market outside its home country, entrusting Siam Hardware Industry to launch the brand in the Thai market, to source sales and distribution channels and to engage in marketing activities...Read More


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