Korean firms look to invest in auto parts industry in Việt Nam Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics, said Vũ Bá Phú, Director of the Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT).

Work starts on industrial cluster, automobile factory in Hà Nam Construction on the Châu Giang Industrial Cluster, worth VNĐ475 billion (US$21 million), kicked off on Friday in the northern province of Hà Nam. 

Two projects worth $215 million granted in Hà Nam The People's Committee of the northern province of Hà Nam province said that it had granted a decision on investment guidelines for two projects, worth nearly VNĐ5 trillion (US$214.6 million)

Huế IZs, EZs target 10 projects in 2020 The province also targets VNĐ6 trillion ($258million) of the registered investment to be disbursed by the end of this year, online newspaper baodautu.vn cited head of the provincial IZs and EZs Management Board Lê Văn Tuệ as saying.

Bách Việt to build auto assembly and manufacturing complex in Thừa Thiên-Huế The authorities of Thừa Thiên Huế Province on January 30 handed over a decision approving investment in principle to the Bách Việt Automobile Manufacturing Industry Joint Stock Company to develop an automobile assembly and manufacturing complex in the province.

Hyundai asked to increase localisation rate to 40 per cent

Deputy Prime Minister Trịnh Đình Dũng has asked South Korean carmaker Hyundai Motor Company to promote technology transfer to its local partners in Việt Nam and increase its localisation rate to a minimum of 40 per cent.

VinFast, AAPICO team up to produce auto parts

VinFast Manufacturing and Trading Company and a Thai company will set up a joint venture on auto body stamping and welding in Việt Nam.

Drug firms spend huge sums to drive growth

After making an entry into the automobile manufacturing industry, Vingroup, the country’s leading property company, has set its sights on the US$5.3 billion pharmaceutical sector.

Government mulls safeguards to protect domestic carmakers1

Deputy Prime Minister Trịnh Đình Dũng has asked the Ministry of Industry and Trade (MoIT) and relevant agencies to study the possibility of applying safeguards to protect the domestic automobile manufacturing industry from looming zero-tariff car imports.

April car sales up, but producers worry April was a positive month for Vietnamese auto sales, though carmakers have claimed difficulties conducting business in the country's unstable and undevel-oped automobile industry.