Vinaxuki

With the ACB share price increase, Nguyen Duc Kien, or boss Kien, has VND400 billion in his pocket with 32 million ACB shares he is holding. Meanwhile, Kien’s wife, Dang Thi Ngoc Lan, has VND500 billion more, with 39 million shares. Tan Hiep Phat, the ‘empire of drinks’, not only has the ambition to expand its business to real estate, media and technology fields, but has also decided to join the finance market. … [Read more...] about Owner of auto enterprise earns VND6 million, owes VND2.8 trillion at the age of 80

FIEs bring machines and technologies into Vietnam, and then import materials to run production in Vietnam, because they want to exploit the low-cost labor force in Vietnam and enjoy the investment incentives offered by the State. Since the Vietnamese market is small, it doesn’t attract investors. Entering Vietnam in 2007, Enkei Company (Japan), which provides car parts to Toyota, Truong Hai, Honda, Nissan and Mitsubishi, put out 24,000 rims of wheel, its major product, a month in 2019. … [Read more...] about VN automobile industry: new circumstances offer opportunity