Automobiles manufactured in Ford's Hải Dương plant. Ford Vietnam’s sales in the first quarter of 2021 rose 52 per cent against the same period last year. VNA/VNS Photo Trần Việt HÀ NỘI — Automobile manufacturers reported growth in sales in March. Ford Vietnam’s sales in the first quarter of 2021 rose 52 per cent against the same period last year, equivalent to 5,914 vehicles delivered to customers. The company’s General Director Phạm Văn Dũng said the automaker’s sales maintained growth thanks to leading products, particularly sport utility vehicles (SUVs) and commercial ones, despite a period of business stagnation in the domestic auto market and adverse impacts of the COVID-19 pandemic. In Q1, Ford Vietnam’s sales of Everest SUVs recorded a year-on-year surge of 49 per cent, with 1,459 vehicles sold. In March alone, the number of delivered vehicles hit 817, leading the mid-size SUV segment with more than 50 per cent of the market share. In addition, Ford Ranger … [Read more...] about Automobile firms report sales growth in March
Ai equipment for sale
Da Nang opens new post-Covid window for manufacturers
Improving product quality The Nguyen Van Toan household business in the Non Nuoc Stone Carving Village at the foot of Da Nang’s famous Marble Mountain was one typical recipient of the industry promotion program. In the past, it used a semi-automatic turning lathe, which could only turn out 3-4 stone products a day, most of them fragile and inaccurate. With funding from the industry promotion program, the establishment invested in automatic lathes worth nearly VND800 million, including VND140 million from the local industry promotion budget. The automatic lathe can turn out eight products simultaneously, enhancing productivity by 10-20 times, guaranteeing proportional accuracy, ensuring aesthetics, reducing production time and thus increasing customer satisfaction significantly, Toan explained. According to Huynh Ngoc Trung, Director of the Bich Hanh Technology Joint Stock Company, the company received funding from the national industry promotion program three times for a total … [Read more...] about Da Nang opens new post-Covid window for manufacturers
Brewing up change with modern strategy
During the most difficult period of 2020 that was plagued by COVID-19 and tough new local drink-driving rules, Neo Gim Siong Bennett, who is the general director of SABECO, kept the faith in its strategy. “This storm will soon pass, and the sun will be out again,” he said. “In the meantime, we will focus on weathering through this storm, and be fully prepared to make hay when the sun shines again.” The spirit of being willing to accept tough trials is rooted in the company’s transformation strategy that started sharply three years ago after Thai Beverage acquired a majority stake when the state-owned brewer was sold off. SABECO is one of the top Vietnamese corporate brands and the market leader in Vietnam’s beer industry. The sale set a pivotal milestone for its upcoming development, in which the company is focusing on sustainable business growth through harnessing synergies across brand strength, financial capacity, manufacturing and distribution systems, local market insights, … [Read more...] about Brewing up change with modern strategy
Huawei says HSBC agrees document access in Hong Kong court
Huawei says HSBC agrees document access in Hong Kong court (source: baodautu.vn) Chief financial officer Meng -- whose father is the company's founder and CEO Ren Zhengfei -- has been in a two-year battle against extradition over allegations that Huawei violated US sanctions on Iran. Meng is accused in the US of defrauding HSBC by falsely misrepresenting links between Huawei and a company that sold telecoms equipment to Iran. Her legal team has been trying to access documents from HSBC that they say will help exonerate Meng. A previous attempt to secure the documents at Britain's High Court was dismissed in February. Meng's lawyers turned to the courts in Hong Kong, where London-headquartered HSBC has a major presence and makes most of its profits. "An agreement has been reached with HSBC in relation to the Hong Kong legal proceedings for document production and an order has been approved by the Court," Huawei said in a brief statement on Monday. It did not give any … [Read more...] about Huawei says HSBC agrees document access in Hong Kong court
Game publisher slaps global ban on League of Legend champ
Zeros made headlines recently after he was banned from all League of Legends (LoL) competitions in Vietnam by Vietnam Championship Series (VCS) for stating he hoped the Covid-19 pandemic in Vietnam would grow worse via his stream. But it seems like dark days are not quite over for Zeros. Rumors have it the 21-year-old pro player might switch to playing Wild Rift, a modified version of LoL. However, Nguyen Tran Son, director of GS3 - VNG, the publisher of Wild Rift in Vietnam, refuted the information. "Riot Games gave Zeros a global ban and it’s applied to all esports games of this publisher. Therefore, the chance of Zeros competing in Wild Rift is literally ‘zero’," Son said. Zeros will also not be allowed to compete professionally in other Riot games, including the free-to-play hero shooter Valorant or collectible card game Legends of Runeterra. This is one of the heaviest punishments Riot Games has given to a pro player. Earlier this month, Zeros said on his stream: "I … [Read more...] about Game publisher slaps global ban on League of Legend champ