Vietnam auto sales up 11% to 19,243 units in Jan
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 19,243 vehicles in January, down 50% from December 2023 but up 11% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Conglomerate Thaco to make $750 mln agricultural investment in Laos
Southern Laos Agricultural Investment and Business Production Co. Ltd. (Southern Laos Agri), under leading Vietnamese private conglomerate Thaco, has received an investment certificate for a $750 million agricultural project in Laos.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Thaco eyes $4.2 bln Central Highlands bauxite project
Thaco Group, a leading Vietnamese private conglomerate, is looking to implement a VND103,024 billion ($4.23 billion) project to exploit and process bauxite in the Central Highlands province of Lam Dong.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Thaco calls for extension to car registration fee discounts
Thaco Group, one of Vietnam’s leading private conglomerates, has proposed a 50% reduction in registration fees for domestically produced and assembled automobiles be continued for an appropriate period of time.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam auto sales down 29% in 11 months to 263,249
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 263,249 vehicles in January-November this year, down 29% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Singapore’s Jardine Cycle & Carriage buys automaker Thaco bonds worth $350 mln
Jardine Cycle & Carriage, an investment holding company in Singapore, has spent $350 million on buying bonds of Thaco, one of the biggest automakers in Vietnam, in a private placement.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam auto sales down 29% in 10 months, Mitsubishi Xpander bestseller
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 235,296 vehicles in January-October this year, down 29% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Boeing representatives visit Vietnamese private conglomerate Thaco
Boeing representatives visited Thaco Industries' factory in Quang Nam province in mid September while the group was seeking suppliers in Vietnam, the European-American Market Department reported on Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major automakers race to tap Vietnam EV market
Vietnam’s emergence as a major electric vehicle (EV) market in Southeast Asia is reflected in the rush of new models being introduced by leading automakers.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Auto sales in Vietnam fall 32% in Jan-Jun, Toyota Vios best seller in Jun
Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, dropped 32% year-on-year to 137,327 in the first half of this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Swedish software tools maker IAR shifts gears to tap Vietnam auto market
IAR, a Swedish supplier of software tools for embedded systems, appointed SH Consulting Vietnam as its official distributor in the country on June 4. Kiyo Uemura, IAR regional vice president in Asia-Pacific, tells The Investor that his company is well placed to supply mission-critical software to Vietnam’s growing automotive industry.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Thaco considers 10% stake sale in automobile arm
Vietnamese leading multi-business group Thaco is looking for an investor into its automobile arm Thaco Auto with a 10% stake, Thaco vice chairman Nguyen Hung Minh said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam giant Thaco mulls stake sale in $5 bln automaker
Thaco Group, one of Vietnam’s leading private conglomerates, is considering bringing in an investor into its automobile arm Thaco Auto in a deal that could value the producer at around $5 billion, Reuters said Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea carmakers Hyundai, Kia to put more energy into Vietnam market
Hyundai Motor and its sister automaker Kia are looking to build on their leading positions in Vietnam, and Hyundai Motor Group executive chairman Chung Euisun will accompany Korean President Yoon Suk Yeol on his three-day state visit starting Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Auto sales in Vietnam fall 36% in Jan-May
Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, plunged 36% year-on-year to 113,527 in the first five months of 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Automaker Thaco posts $6.5 bln total assets
Vietnamese conglomerate Thaco Group's total assets hit VND153.09 trillion ($6.53 billion) by the end of 2022, up 18% from 2021.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vehicle sales in Vietnam drop 22% in Q1
Sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, plunged 22% year-on-year to 70,392 in the first quarter of 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vehicle sales in Vietnam drop 25% to 40,354 in first 2 months
The total sales of Vietnam Automobile Manufacturers' Association (VAMA) members, which do not include VinFast and Hyundai, plunged 24.63% year-on-year to 40,354 in January-February.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco seeks to earn $3.8 bln from cars in 2023: chairman
Vietnamese conglomerate Thaco Group seeks a total consolidated revenue of over VND90 trillion ($3.8 billion) from cars in 2023, with expected sales of over 120,000 vehicles, chairman Tran Ba Duong wrote in a message to employees.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco invests in auto sales center in Quang Tri
Leading Vietnamese automaker Thaco plans to invest in its first auto sales center in Quang Tri province with a goal of selling 1,000 vehicles of different kinds per year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam vehicle sales rise 33% in 2022
The total sales of Vietnam Automobile Manufacturers’ Association (VAMA) members, which do not include VinFast and Hyundai, increased 33% year-on-year to 404,635 in 2022.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam retail sees 2022 a thriving year
Both domestic and foreign retailers speeded up their business during 2022 with post-pandemic plans to further tap the country’s growing middle class, creating a booming year for the industry.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco ships 300 Peugeot motorbikes to regional markets
Vietnamese conglomerate Thaco exported a batch of 300 Peugeot Django 150cc motorcycles to the Philippines, Indonesia, Hong Kong, and Cambodia last Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Industrial giant Thaco ups vertical integration with 3 new $670 mln ventures
The Truong Hai Group Corporation (Thaco) launched three new ventures Saturday - a $550 million industrial arm, $100 million mechanical center and a $20 million research & development (R&D) center.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam automobile sales rise 43% from Jan-Nov
The total sales of Vietnam Automobile Manufacturers’ Association (VAMA) members, which do not include VinFast and Hyundai, increased 43.5% year-on-year to 369,334 in the first 11 months of the year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Automaker Thaco to produce four more BMW models in Vietnam
The Truong Hai Group Corporation (Thaco) will locally produce the BMW 3 Series, BMW 5 Series, BMW X3 and BMW X5 car models in the central province of Quang Nam.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam automobile sales rise 52% in Jan-Oct
The total sales of Vietnam Automobile Manufacturers’ Association (VAMA) members, which do not include VinFast and Hyundai, increased 52% year-on-year to 332,963 in the first 10 months of the year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese conglomerate Thaco opens 2nd Emart outlet in Vietnam
Vietnamese private conglomerate Thaco launched its second Emart hypermarket in Vietnam Thursday as part of its ongoing expansion.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six electric vehicle models introduced at Vietnam Motor Show
The Vietnam Motor Show 2022 that opened in Ho Chi Minh City Wednesday has six electric vehicle (EV) models among more than 120 on display.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan clothing chain Uniqlo nears 15 stores in Vietnam
Japanese retailer Fast Retailing’s clothing chain Uniqlo will open its 13th outlet in Vietnam this Friday, followed by another two.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco Group eyes $2.13 billion bauxite complex in Central Highlands
Truong Hai Group or Thaco, a multi-sector Vietnamese conglomerate, is eyeing to invest VND50 trillion ($2.13 billion) in a bauxite ore processing and exploitation complex in the Central Highlands province of Lam Dong.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Grocery retailers see rapid expansion on surging Vietnam demand
Many mass grocery retailers are expanding in Vietnam, capitalizing on the country's fast-growing grocery sector and increased food spending.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco plans 20 Emart stores by 2026
Thaco, a multi-sector Vietnamese conglomerate, plans to open two new Emart stores this year, eyeing at least 20 outlets across the country by 2026, the group’s chairman Tran Ba Duong said Friday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese billionaires' companies contribute $3.24 bln to state budget
Corporations run by Vietnamese billionaires contributed VND75.2 trillion ($3.24 billion) to the state budget in 2021, with Pham Nhat Vuong’s Vingroup making the largest contribution.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Thaco to unveil new Mercedes-Benz bus model
Thaco, a leading Vietnamese manufacturer and distributor of cars, buses, trucks, and specialized vehicles, will introduce a new Mercedes-Benz bus edition this Saturday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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