Thailand aims to become EV production hub
Thai Prime Minister Srettha Thavisin on Friday reiterated his government's policy to promote the domestic manufacturing of electric vehicles (EVs) and parts in order to drive national economy.
Thai Prime Minister Srettha Thavisin (4th from right) at the opening ceremony of the new factory and EV research and development centre of Delta Electronics (Thailand) Plc. Photo courtesy of nationthailand.com.
Speaking at the opening ceremony of the new factory and EV research and development centre of Delta Electronics (Thailand) Plc, he affirmed that the government is ready to make it easier for investors investing in the field in the country.
According to the Prime Minister, Delta Electronics is a leading electronics firm by market capitalisation. The newly launched factory is a result of production-capacity expansion, especially in the sectors of electric vehicles and electronic components to support the increasing demand for EVs.
He added that the expansion was in line with his government’s policy of strengthening Thailand’s ecosystem for EVs and its “Ignite Thailand” vision aimed at turning the country into a regional hub for future mobility and the digital economy.
The new factory and R&D centre, covering an area of 30,400 square metres, is part of a plan to increase production capacity for the fast-growing EV business, with a focus on power supplies and electronic equipment for EVs.
- Related News
- Read More
Vietnam stock market to enjoy favorable 'tailwinds' in H2: experts
While external challenges are persistent, domestic economic stimulus policies will be a key driver helping Vietnam's stock market become more positive in the remaining six months of 2025, according to experts.
Finance - Wed, July 2, 2025 | 8:20 am GMT+7
Agro-forestry-fishery exports rise over 14% in H1
Vietnam’s total agro-forestry-fishery trade in the first half of 2025 is estimated at $57 billion, with exports reaching $33.5 billion, up 14.3% year-on-year, according to the Ministry of Agriculture and Environment.
Companies - Tue, July 1, 2025 | 10:33 pm GMT+7
Banks end magnetic cards, require biometrics for firms from July 1
From July 1, banks across Vietnam have stopped using magnetic stripe cards and now require biometrics for company accounts to prevent fraud and improve security.
Banking - Tue, July 1, 2025 | 10:17 pm GMT+7
Data Law aims to protect data and unlock value
The 2024 Data Law, which aims to regulate the collection, sharing and commercial use of data, creating a trusted marketplace while enhancing personal data protection and cybersecurity, takes effect on Tuesday, July 1.
Companies - Tue, July 1, 2025 | 10:06 pm GMT+7
Thailand attracts large investment in data centers, digital services
The Thailand Board of Investment (BOI) has approved investment applications worth a total of THB 28.6 billion (about $870 million) in digital infrastructure and travel sector projects, as well as incentives for the use of local content in the manufacturing of electric vehicles (EV) and hybrids, as well as electrical appliances (E&E).
Southeast Asia - Tue, July 1, 2025 | 9:55 pm GMT+7
Indonesia launches $5.9 bln EV battery ecosystem
Indonesia held a groundbreaking ceremony on Sunday for its integrated electric vehicle (EV) battery ecosystem in Karawang, West Java province.
Southeast Asia - Tue, July 1, 2025 | 9:49 pm GMT+7
Vietnam construction giant Vinaconex plans to divest 51% stake in northern Vietnam resort developer
Vietnam’s leading construction firm Vinaconex on Monday approved the transfer of its entire 51% stake in Vinaconex ITC, the developer of Cat Ba Amatina urban-tourism project in the northern city of Hai Phong, at a minimum price of VND48,000 per share ($1.84).
Real Estate - Tue, July 1, 2025 | 4:44 pm GMT+7
Gozo Express, Indel Petro launch Vietnam’s first integrated gas and logistics stations
Gozo Express, a Vietnamese logistics startup, has partnered with Indel Petro to launch Gozo Station, Vietnam’s first integrated station that combines gas refueling with parcel drop-off and delivery services.
Companies - Tue, July 1, 2025 | 4:20 pm GMT+7
Vietnam’s state-own telecom MobiFone, Techcombank jointly launch digital payment firm
MobiFone, Vietnam’s third-largest telecom operator, has launched a new digital payment subsidiary in partnership with One Mount Group and Techcombank, according to recent corporate registration data.
Finance - Tue, July 1, 2025 | 4:03 pm GMT+7
Work starts on golf course, liquid cargo port, waste-to-energy projects in northern Vietnam province
A groundbreaking ceremony was held on Saturday for the Con Vanh Golf Course and Ba Lat Liquid Cargo Port projects in the northern province of Thai Binh (now Hung Yen province).
Industries - Tue, July 1, 2025 | 2:37 pm GMT+7
Vietnam's industrial conglomerate Thaco proposes building urban railway projects in HCMC
Truong Hai Group (Thaco) has proposed studying investments in the Ben Thanh-Thu Thiem-Long Thanh railway line and Metro Line 2 (Ben Thanh-Tham Luong), both in Ho Chi Minh City.
Infrastructure - Tue, July 1, 2025 | 1:53 pm GMT+7
Work likely to commence on Vietnam's first offshore wind power project by late 2025: Deputy Minister
Work on Vietnam’s first offshore wind power project is expected to commence by the end of this year, according to Deputy Minister of Industry and Trade Nguyen Hoang Long.
Energy - Tue, July 1, 2025 | 11:29 am GMT+7
Vietnamese private lender Eximbank has new leaders
The board of directors of Eximbank, one of the leading mid-sized banks in Vietnam, has appointed deputy CEO Tran Tan Loc as new acting CEO from Tuesday, replacing Nguyen Hoang Hai.
Banking - Tue, July 1, 2025 | 8:45 am GMT+7
Vietnam launches $38.4 bln National Data Development Fund to fuel digital transformation
The Government has established the National Data Development Fund, with an initial capital of VND1 trillion ($38.4 billion), to strengthen digital infrastructure and promote data governance.
Companies - Mon, June 30, 2025 | 10:52 pm GMT+7
Vietnam enjoys robust recovery amidst global challenges
The Vietnamese economy is demonstrating remarkable recovery amidst global turbulence, earning positive endorsements from major international organizations like the IMF, OECD, World Economic Forum (WEF), and UOB bank.
Economy - Mon, June 30, 2025 | 10:46 pm GMT+7
Gaming industry eyes over $430 mln revenue this year
Games published by Vietnamese studios generated around $315 million in revenue in 2024, according to GameGeek, a platform connecting Vietnam’s gaming ecosystem.
Companies - Mon, June 30, 2025 | 10:25 pm GMT+7
