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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

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

HCMC to have ultra-luxury apartments priced at VND700 million psm this year By V.Dung HCMC will have ultra-luxury apartments priced at VND700 million (US$30,000) per square meter this year – PHOTO: DIU NGUYEN HCMC - High-end apartments will dominate HCMC’s real estate market and there will be ultra-luxury apartments priced at VND700 million (US$30,000) per square meter in the city this year, according to DKRA Vietnam’s report on HCMC’s real estate market in the first quarter of 2021. DKRA Vietnam said many of the new apartment projects are located in the eastern and southern areas of the city. The A-grade (luxury) segment will overwhelm the market, while the C-grade (low-cost) segment is disappearing. The prices of luxury apartments are predicted to rise sharply and could reach US$20,000-30,000 per square meter for some projects in District 1. Data of DKRA Vietnam showed that in the first quarter of 2021, there were five projects offering 2,539 apartment units … [Read more...] about HCMC to have ultra-luxury apartments priced at VND700 million psm this year