The Hanoitimes - This is not the first time that a product of Chinese origin containing the nine-dash map is detected. A Chinese imported Volkswagen SUV car model Touareg CR745J using navigation app with controversial nine-dash line map that was in display at the 2019 Vietnam Motor Show last week would be confiscated, according to the General Department of Vietnam Customs (GDVC). A Touareg car at the Vietnam Motor Show. The navigation app that wrongly demonstrates Vietnam’s sovereignty in the South China Sea is subject to removal from the car, said the GDVC in a statement on November 4. The GDVC also fined the importer of the car VND40 – 60 million (US$1,700 – 2,600), while Volkswagen Vietnam was fined VND20 – 40 million (US$860 – 1,700) for displaying cars using unpermitted navigation app at the event. The result of the punishment would later be reported to Prime Minister Nguyen Xuan Phuc, stated the GDVC, adding it would suggest the Ministry of Transport … [Read more...] about Vietnam’s customs confiscates Chinese imported Volkswagen SUV using nine-dash map
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VinFast licensed to test autonomous cars in US
The subsidiary of Vietnam’s largest private conglomerate, Vingroup, was one of 57 auto companies allowed to test self-driving vehicles with a driver along with Apple, Tesla, BMW, and Volkswagen, according to the state Department of Motor Vehicles website.An auto company needs to acquire testing permits with and without a driver each before it can receive permit for deployment in the state.VinFast last month unveiled three new self-driving electric SUVs saying they all meet the highest global safety standards including five-star ratings from the U.S. National Highway Traffic Safety Administration and the European New Car Assessment Programme.Customers can start ordering the cars in May this year in Vietnam and in November in the U.S., Canada and the E.U.VinFast sold 31,500 cars in Vietnam last year, with its VinFast sedan and SUV models among the bestsellers in their respective segments.The company entered the auto industry three years ago. It has an auto plant in the northern … [Read more...] about VinFast licensed to test autonomous cars in US
VinFast acquires licence to test self-driving electric vehicles in California
A computer-rendered image of VinFast VF33, an SUV in segment E, is expected to reach US consumers in Q2/2022. — Photo VinFast VinFast has just become the 57th automaker to receive a licence to test self-driving electric vehicles in California, the US. The company said its three SUV models VF31, VF32 and VF33 met the highest global safety standards including five-star ratings from the US National Highway Traffic Safety Administration and the European New Car Assessment Programme. As required in the US, electric vehicles with autonomous technology are required to carry out testing procedures and secure an Autonomous Test Vehicle Permit (ATVP) by the California Vehicle Administration. Automakers, including big names such as Apple, Tesla, BMW, and Volkswagen according to California's Department of Motor Vehicles website, have also secured their licences to test run their vehicles in the Golden State, the world's largest technology and innovation hub. All three of the company's … [Read more...] about VinFast acquires licence to test self-driving electric vehicles in California
VIETNAM BUSINESS NEWS FEBRUARY 10
HCM City targets domestic market for tourism recovery The Ho Chi Minh City tourism sector this year plans to focus on digitalisation of the industry and promotion of domestic tourism amid a downturn in tourism because of the COVID-19 pandemic. The sector will continue its efforts to boost domestic tourism as the main factor driving the recovery of the tourism industry. The tourism communication and stimulus campaign, ‘Hello Ho Chi Minh City,’ has been implemented to promote the city as a safe, vibrant and friendly destination. Tourism cooperation and linkages between HCM City and the Northeast, Northwest and the Central regions will also serve to boost domestic travel. The city aims to receive 33.5 million domestic visitors this year if COVID-19 remains under control in the country./. Tet sales increase sharply on low prices With a week to go for Tet (the Lunar New Year) sales of goods bought to celebrate the Lunar New Year have increased by 30-40 percent from normal … [Read more...] about VIETNAM BUSINESS NEWS FEBRUARY 10
LG Electronics intends to sell off smartphone business to Vietnam’s Vingroup
The Hanoitimes - Vingroup is one of the most potential buyers for LG Electronics' smartphone business. South Korea’s LG Electronics reportedly intends to sell off its smartphone business to Vietnam’s conglomerate Vingroup, according to South Korea’s media. LG Electronics intends to sell off smartphone business to Vingroup. Photo: Vingroup The South Korean brand is considering all options for its loss-making mobile division that could include closing or selling off its business, according to Reuters in Seoul. The brand would be focusing resources on premium home appliance and automotive electronics. Possible buyers are Vietnamese conglomerate Vingroup, Facebook, Volkswagen and Google, and Vingroup is one of the strong acquisition candidates, according to NewDaily. Vingroup, with a market capitalization of US$16.5 billion as of the end of 2020, accounts for 14% of the total market capitalization of Vietnamese listed companies. The group is operating in … [Read more...] about LG Electronics intends to sell off smartphone business to Vietnam’s Vingroup