Man Chi Trung, deputy director of Hanoi Plastics JSC and general director of VinFast-An Phat Plastic Auto Part Co., Ltd. (VAPA) said that Hanoi Plastics has been a subsidiary of An Phat Holdings since 2013. The company has signed contracts to provide three plastic parts for the body and doors of Toyota and Honda Vietnam vehicles. The partnership has been blossoming recently as Hanoi Plastics now provides 45 plastic parts for the latest models of Toyota Vietnam and 11 plastics parts for Honda Vietnam. … [Read more...] about Auto industry steers strategy towards wider supply chains
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EU competitors in railway public procurement mix
The competent agencies of the government are working on the possible changes of the policies to make them aligned with the landmark agreement. VNR is also studying the possible opportunities for domestic units, and the challenges so as to have timely and appropriate orientations and strategies, thus creating a motivation for the railway sector to develop further. … [Read more...] about EU competitors in railway public procurement mix
Local insurers for operational phase insurance program for two years
1. Issuance of all direct insurance policies including endorsements if any in the below table, on an admitted basis in full compliance with Vietnamese insurance law and regulations and accurately reflecting the reinsurance policies procured; and … [Read more...] about Local insurers for operational phase insurance program for two years
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
Quang Ninh has proactively invested in infrastructure development, particularly in transport, according to Secretary of the provincial Party Committee Nguyen Xuan Ky. Total investment under the public-private partnership (PPP) model in transport over the last five years stands at nearly 50 trillion VND, Ky said, with only about 9 percent sourced from the State. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8
Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports
The US Department of Treasury’s recent report of Vietnam’s large purchases of foreign currency in 2019 raised the risk that the US might name Vietnam as a currency manipulator. To prevent this risk, the State Bank of Vietnam (SBV) may suspend or limit foreign currency purchases in the short term. Therefore, if Vietnam's trade surplus stays high, the VND may appreciate slightly against the USD. … [Read more...] about Vietnam enjoys large trade surplus in August thanks to Samsung Note 20 exports
