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HCMC to focus on four key industries

Updated : 18/07/2017

HCM City’s Department of Industry and Trade (DoIT) will focus on improving the strength and efficiency of four key industries under the city’s stimulus package until the end of this year, said Nguyễn Phương Đông, DoIT’s deputy director last week.

The four key industrial sectors are food processing, chemical rubber, mechanics and information technology...Read More


Introducing SMEs to “Industry 4.0”

Updated : 17/07/2017

In light of Industry 4.0, big firms, particularly those in the automobile industry, are benefiting significantly from digital technologies, while small and medium-sized enterprises are also getting closer to the dawn the digital journey. And cloud solutions can serve as an excellent starting point. Pham Thai Lai, CEO of Siemens Vietnam, spoke with VIR’s Thanh Tung.

It has been said that the focus of Industry 4.0 is the digitisation of the manufacturing industry. What’s your opinion?...Read More


Safeguards applied on colour-coated iron

Updated : 01/06/2017

The Ministry of Industry and Trade (MoIT) on Wednesday issued Decision No 1931/QD-BCT on the application of official safeguards on colour-coated iron sheets.

Products subject to these safeguard measures are imported from various countries and territories and have trade codes:....Read More


Chinese automakers eager to co-operate with Vietnamese partners

Updated : 20/04/2017

Chinese automakers are seeking opportunities to co-operate with Vietnamese partners to develop the production of heavy duty truck parts.

The information was released during a meeting between Vietnamese businesspeople and a Chinese delegation of automakers from Shandong Province’s Jinan City held by the Viet Nam Chamber of Commerce and Industry (VCCI)....Read More


Thanh Cong, Hyundai Motor set up joint venture

Updated : 13/03/2017

Thanh Cong Group will join hands with South Korean Hyundai Motor Group to expand production and assemble Hyundai passenger cars in Viet Nam.

The expansion was under an agreement inked by representatives of the two sides in Ha Noi on Thursday....Read More


MHI leads way for local distributed generation

Updated : 13/02/2017

MHI Engine System Vietnam Co., Ltd., part of major Japanese machinery manufacturer Mitsubishi Heavy Industries Ltd., handles parts manufacturing, final assembly, sales and after-sales service for diesel generator sets.

Established in 2007 in the suburbs of Ho Chi Minh City, the company has 60 employees, producing around 50 generator sets a month....Read More


Tata Group investigates different angles in Vietnam

Updated : 19/01/2017

India’s Tata Group announced plans to expand into Vietnam in a wide range of business sectors, focusing on energy, coffee processing, and agricultural machinery.

Indronil Sengupta, executive director of Tata Group in Vietnam, confirmed in a meeting last week with President Tran Dai Quang that the group’s expansion plan will target solar and wind power projects, a coffee....Read More


Steel sector to grow 10-12 percent next year

Updated : 15/12/2016

HCM City (VNA) - The steel industry is likely to enjoy 10-12 percent growth next year, said the Vietnam Steel Association (VSA) at a workshop in HCM City last week.

According to Chu Duc Khai, VSA General Secretary, steel consumption depends on the country’s gross domestic product (GDP) growth....Read More


World Bank: Vietnam’s mid-term outlook favourable

Updated : 05/12/2016

Hanoi (VNA) – Vietnam’s medium-term outlook remains favourable with GDP expected to expand by 6 percent this year, according to the World Bank (WB)’s Taking Stock report.

The WB said, despite a fragile global environment, Vietnam’s economy remains resilient, thanks to robust domestic demand and export-oriented manufacturing....Read More


Vietnam expects GDP growth rate at 7.1-7.3 percent in Q4

Updated : 02/12/2016

Hanoi (VNA) – Vietnam’s economy will continue the recovery trend with a GDP growth rate forecast at 7.1-7.3 percent in the fourth quarter of 2016, according to the General Statistics Office (GSO).

Accordingly, the economy is set to remain attractive to FDI and enjoy an increase in exports. A big portion of overseas remittances will be poured into economic activities....Read More


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