Southeast forest products

Hanoi (VNA) - Nissan Motor Co. will sell its controlling stake in PT Nisan Motor Distributor – a sales joint venture in Indonesia – to a local partner. Nissan Motor Indonesia said in a recent press release that the two sides have signed a memorandum of understanding on the share transfer. The move is aimed at forming a strategic partnership with Indomobil to strengthen the Nissan brand in Southeast Asia's largest automobile market, the Japanese carmaker group said. In Indonesia, Nissan Motor sold 2,798 vehicles in the first half of this year, down 53.3 percent year-on-year. According to the Association of Indonesia Automotive Industries, Nissan’s market share stood at 1 percent, ranking 10th in the Japanese brand-dominated market. Nissan Motor announced last May it had decided to close an Indonesian plant in a bid to streamline global operations, focusing Southeast Asian production on Thailand. The company said last month that it would post a net loss of 670 … [Read more...] about Nissan to sell stake in Indonesian automobile sales joint venture

The SVMC has over 1,500 employees who include just five foreign nationals. It can be seen that Samsung has striven to transfer technologies to Vietnam as per its commitment. Samsung planned to increase the number of staff at the centre to 2,600 by the year of 2018, Dung said. … [Read more...] about Samsung R&D centre hitting stride

Introducing the firm’s long-term business plan in Vietnam, the RoK executive expressed his wish that the government, ministries and localities of Vietnam will provide further support for Samsung Vietnam’s operation, contributing to spuring Vietnam’s economic growth. … [Read more...] about PM pledges further support to Samsung Vietnam

The resort’s architectural style resembles modern houses on the Côte d'Azur coastal area in southeastern France, with a swimming pool facing rice fields and a dining area designed for optimal sunset viewing. A room starts from VND1.5 million ($65) per night. Photo courtesy of Victoria Nui Sam Lodge. … [Read more...] about Discover the luxury of seclusion at these seven Vietnam getaways

According to the Vietnam Steel Association (VSA), steel pipe export volume in the first half of the year of its member companies fell by 17.3 percent from the corresponding period last year. However, Hoa Phat steel pipes still had positive results thank to diversified markets and flexible sale policies. … [Read more...] about Hoa Phat’s steel pipe exports rise 16 percent in seven months