COVID-19 ravages economy of central Việt Nam

While VNĐ1.1 trillion (US$48 million) of public investment was disbursed in the first quarter, foreign direct investment (FDI) in Đà Nẵng fell 80 per cent compared to the same period last year.

Vingroup Starts to Produce Ventilators and Body Thermometers Vingroup Starts to Produce Ventilators and Body Thermometers

Vingroup produces ventilators and body thermometers for COVID-19

Vingroup announced it would produce ventilators and body thermometers to serve the domestic market on April 3. It will also give the Ministry of Health (MoH) 5,000 non-invasive ventilators to treat COVID-19 patients in Việt Nam.

Honda Vietnam suspends production due to COVID-19 Giant Honda Vietnam (HVN) has become the fourth automaker in Việt Nam to suspend production and assembly of car and motorbike over the concerns of COVID-19 spread.

TC Motor halts operations TC Motor will suspend vehicle production in the northern province of Ninh Bình from April 1 to 15 due to concerns of COVID-19.

Business establishment surges in Q1 despite COVID-19 Average registered capital per newly-established enterprise reached VNĐ11.8 billion during the period, down 10.4 per cent year-on-year, according to the General Statistics Office (GSO).

Toyota Motor Vietnam suspends vehicle production

Toyota Motor Vietnam (TMV) suspended vehicle production today. The date it will resume productions will depend on the outbreak situation, market demand, supply chain situation, stocks and the Government’s restriction regulations.

Virus and strict laws hurt beer sales Brewery companies have lowered profit targets due to a severe drop in sales consumption caused by COVID-19 and newly-applied strict penalties for inebriated drivers.

Automakers propose Gov’t cut VAT and registration fee for customers

Vietnam Automobile Manufacturers’ Association (VAMA) has proposed the Government reduce value-added tax (VAT) and registration fees for car customers by 50 per cent, reports vietnamnet.vn.

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