Thaco eyes increase in exports of auto accessories

The 12,000sq.m Autocom in the Thaco Chu Lai Industrial Zone in Quang Nam Province has a capacity of producing 100,000 sets of auto seats/beds for the domestic market and 300,000 sets of seat covers for exports annually using 100 per cent locally sourced materials.

BUSINESS NEWS HEADLINES MAY 17

For example, at present, the first stage of the Phan Thiet-Dau Giay section running through the south-central province of Binh Thuan and the southern province of Dong Nai has cost over VND14.36 trillion ($624.35 million). It has been assigned to be invested under the build-operate-transfer format, one of the relevant investment PPP models. Of the […]

Human resource training deals on hi-tech farming projects

Chairman and CEO of Đông Á College, Nguyễn Thị Anh Đào said the deal would begin later this year in supplying at least 500 qualified graduated students each year for working at Thadi’s projects in Laos, Cambodia and Việt Nam.

BUSINESS NEWS HEADLINES MAY 21

In terms of oil and gas technical services, similar difficulties were encountered as investors and contractors tended to cut and optimise production costs. In the immediate future, the COVID-19 pandemic will cause a sharp drop in the international freight rates for all vessel sizes. The sharp drop in oil prices will also affect the price […]

Hung Vuong and Thadi set up pig breeding JV in Long An

Thadi and Hung Vuong have established two other joint ventures, including the Tinh Bien An Giang Livestock Breeding Co, Ltd with capital of VND160 billion in An Giang Province and the Viet Thang Phu Cat Livestock Breeding Co, Ltd with a capital of VND320 billion in Binh Dinh Province. — VNS

BUSINESS NEWS HEADLINES MAY 23

In order to attract tenants during the post-epidemic period, many landlords are willing to reduce 20-30% of the rent. On the e-commerce marketplace Cho Tot, a 4-storey building with an area of 70 sq.m on Hang Bai street could be leased with VND150 million (US$6,419) per month along with the first two months rent-free, representing […]

Two Vietnamese businessmen back on Forbes billionaires list

At the end of Friday’s trading session, an MSN share was worth VND62,000 ($2.65), up 27 percent since the end of March when Forbes updated the value of billionaires’ assets, while TCB’s share of private lender Techcombank, in which which Quang holds 9.4 million shares, also rose by 41 percent since March.