Vingroup partners with Medtronic to produce ventilator components

Vingroup partners with Medtronic to produce ventilator components

Vingroup partners with Medtronic to produce ventilator components

On August 12, 2020, VinSmart Research and Production Joint Stock Company (a subsidiary of Vingroup) officially announced the strategic agreement with Medtronic plc to produce components for Medtronic’s ventilators. It is expected that around 50,000 units of Vingroup’s ventilator components will be exported to the US and Ireland over the next year.

Automobile sales down in first seven months Sales of automobiles plunged 28 per cent year-on-year to 131,248 units in the first seven months of this year, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Motorcycle sales plummet

Members of the Việt Nam Association of Motorcycle Manufacturers (VAMM) sold nearly 519,000 motorcycles in the second quarter this year, a year-on-year decrease of 30.77 per cent.

Automobile market on track for recovery: VAMA

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 24,002 automobiles in June, up 26 per cent compared to the previous month but down 13 per cent year on year.

Auto consumers expected to enjoy 50 per cent cut in registration fee The Ministry of Finance has officially asked the Government to cut 50 per cent of the registration fee for customers who buy locally-produced and assembled automobiles.

Enjoying incentives, prices of domestically-produced cars expected to drop

The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and promote consumption.

Vingroup forecast revenue up 12 per cent, focus on industrial real-estate

Conglomerate Vingroup JSC plans to earn VNĐ145 trillion (US$6.2 billion) in revenue this year, up 12 per cent year-on-year.

Vingroup introduces VinHR solution to improve labour productivity

Vantix Solution and Technology Service JSC, an affiliate of Vingroup, on Tuesday announced it will introduce VinHR to improve labour productivity.

VinFast launches car exchange programme

The exchange programme started on Friday and is valid for all cars from various brands in Việt Nam which have been used for less than seven years.