By Minh Hy  March 7, 2019 | 12:52 pm GMT+7 VinFast presents its first made-in-Vietnam car in its Hai Phong factory on March 7, 2019. Photo courtesy of Vingroup Vietnam’s first full-fledged carmaker has started trial runs in its Hai Phong factory, preparing to deliver preordered vehicles later this year. The Lux SA 2.0 SUV, which has a 228 horsepower engine and an 8-gear automatic transmission, started its first run Wednesday at VinFast’s factory in the northern port city of Hai Phong. Commercial versions of both the SUV and a sedan will be delivered in the second and third quarter this year to customers who have pre-ordered. VinFast, a unit of Vietnam’s largest private conglomerate Vingroup, claims to be the first auto manufacturer in Vietnam with a closed, synchronous and complete cycle of production. The first cars will be tested in several countries including Australia, Austria, South Korea to make them European standards. They will also be … [Read more...] about VinFast rolls out its first made-in-Vietnam car
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(VEN) - Football legend David Beckham kicked off the international debut of the first two made-in-Vietnam cars at the Paris Motor Show last month, scoring a goal for the Vietnamese auto industry. A new value chain VinFast Manufacturing and Trading Company Limited, a subsidiary of the private Vietnamese conglomerate Vingroup, unveiled an SUV and a saloon, described as Italian in design, with European technology and “Vietnamese spirit”. Future plans call for the manufacturing of electric cars, buses and motorbikes. Unlike other auto manufacturers in Vietnam that form part of existing value chains, VinFast has created a value chain of its own with the participation of world-leading carmakers. Its global partners include Siemens, Bosch, Magna Steyr, AVL, Pininfarina, and German Industry and Commerce Vietnam. The Vietnamese carmaker has hired automotive industry experts of global repute, including Vo Quang Hue, former general director of Bosch Vietnam, James Deluca, former … [Read more...] about Made in Vietnam cars hit the road
By Ba Do  November 4, 2018 | 03:13 pm GMT+7 The car when salvaged off the river. Photo by VnExpress/Son Tuyen A man still had his hands on the steering when a car was fished out of the Red River in Hanoi Saturday morning. It took the rescue team five hours to locate the car at the bottom of the Red River. The car was found near the pier of Chuong Duong Dridge at 1:30 a.m. Saturday. Many boats helped with the salvage operation. The rescue team had to cut the car open in order to get the victims out. “There were two people in the car, one woman and one man with his hands still on the wheel. They have not been identified yet,” a Long Bien District police officer told VnExpress. The damaged guard rail has been repaired. Photo by VnExpress/Phuong Son The car was heavily damaged in the front and at the back. It appears that at 7:30 p.m. on Friday, the car had crashed through the guard rails of Chuong Duong Bridge and plunged to the bottom of the Red … [Read more...] about Couple in a car fished out of Hanoi river
‘What’s your poison’ takes on literary meaning in Vietnam The Tinh Bien Market located in the Mekong Delta province of An Giang, near the Vietnam-Cambodia border, is famous for selling many types of insects, some of them poisonous. The most common ones are scorpions, click beetles, queen termites and geckos. Hoang Lam, 45 years old, has been a vendor here for 20 years. His main products are scorpions and geckos. “Some people don’t dare to come close, just look from far away. Many women visitors are so scared, they don’t even want to look,” Lam said. The busiest time for this market is the first half of the year. The majority of the visitors around that time are pilgrims who go to the Ba Chua Xu Temple on Sam mountain, in An Giang's Chau Doc City, southern Vietnam. This season, Lam’s little shop is selling geckos and mountain scorpions, mostly. “There aren’t many Vietnamese catchers now, so I mainly buy from … [Read more...] about ‘What’s your poison’ takes on literary meaning in Vietnam
By Minh Hy  October 2, 2018 | 04:32 pm GMT+7 Vietnam’s first car maker VinFast Tuesday impressed industry insiders by rolling out its very first products in record time. An SUV and a small sedan were revealed at the Paris Motor Show, making it the first time ever that made-in-Vietnam cars stood alongside with global giants at one of the biggest car exhibitions in the world. VinFast, a unit of Vietnam’s largest conglomerate, Vingroup JSC, surprised industry insiders by completing its first two units within one year. Its first two models are built on frames from BMW. Their components have been engineered by Canadian firm Magna International’s Magna Steyr, while design work was done by Italian design house Pininfarina. VinFast's Sedan. Photo acquired by VnExpress. VinFast is expected to have the capacity to produce 250,000 cars annually in the next five years or so, equivalent to 92 percent of all the cars sold in Vietnam last year, according to … [Read more...] about First made-in-Vietnam cars rolled out in record time
By Pham Trung  October 2, 2018 | 03:57 pm GMT+7 Soccer star David Beckham at a gala in New York, U.S. Photo by Reuters/Lucas Jackson Former Manchester United football star David Beckham introduced the first made-in-Vietnam cars in Paris on Tuesday. VinFast, a unit of Vietnam’s largest conglomerate Vingroup, invited Beckham to attend the opening of its new cars at the Paris Motor Show in France. Beckham is also known for his collection of rare, valuable cars including an Aston Martin V8 and a Porsche 911 Cabrio. His fame as a car connoisseur was a major factor in VinFast choosing to invite Beckham to appear on stage with its new cars, the seven-seater SUV and the four-Sedan, the source said. Beckham will also share his first-hand experience driving these cars, the source added. One of two VinFast cars to be exhibited at the 2018 Paris Motor Show. Photo by VnExpress VinFast is set to become Vietnam’s first full-fledged domestic car manufacturer when … [Read more...] about David Beckham introduces first made-in-Vietnam cars
By Pham Trung  October 2, 2018 | 03:57 pm GMT+7 Soccer star David Beckham at a gala in New York, U.S. Photo by Reuters/Lucas Jackson Former Manchester United football star David Beckham will introduce the first made-in-Vietnam cars in Paris on Tuesday. VinFast, a unit of Vietnam’s largest conglomerate Vingroup, has invited Beckham to attend the opening of its new cars at the Paris Motor Show in France, a source told VnExpress. Beckham is also known for his collection of rare, valuable cars including an Aston Martin V8 and a Porsche 911 Cabrio. His fame as a car connoisseur was a major factor in VinFast choosing to invite Beckham to appear on stage with its new cars, the seven-seater SUV and the four-Sedan, the source said. Beckham will also share his first-hand experience driving these cars, the source added. One of two VinFast cars to be exhibited at the 2018 Paris Motor Show. Photo by VnExpress VinFast is set to become Vietnam’s first … [Read more...] about David Beckham to introduce first made-in-Vietnam cars
‘The Future of ASEAN – Time to Act’report focuses on the disruptions facing ASEAN and how governments and corporates can act to ensure future growth through new and innovative strategies across seven sectors – automotive, financial services, consumer goods, medical devices, refined fuels, telecommunications and transportation. David Wijeratne, PwC’s Growth Markets leader On September 12, David Wijeratne, PwC’s Growth Markets Leader, will present findings of a PwC report on the future of ASEAN at a press conference at the World Economic Forum on ASEAN meeting in Hanoi. ASEAN – a unique growth story 2017 marked the 50th anniversary of ASEAN, which is a unique achievement considering the conflicts and poverty which characterised the region in the first half of the 20th century. Since its inception, ASEAN has not only doubled its membership, but has also successfully weathered both the Asian financial crisis of 1997 and the global … [Read more...] about What does the future hold for ASEAN?
Kyoei Steel is working hard to buy Vietnam Italy Steel (VIS) shares while VIS is operating at a loss, raising the question - what does the Japanese steel producer expect to gain from a loss-making firm? What does Kyoei hope to gain from loss-marking Vietnam Italy Steel? Most recently, Kyoei registered to purchase an additional two million shares of VIS. The transactions are expected to be carried out between July 19 and August 16, 2018. Once successful, Kyoei will increase its ownership in VIS to 70.42 per cent from the existing 67.7 per cent. In early July, Kyoei completed the purchase of another two million VIS shares via the put-through method to increase its stake in VIS to the current 67.7 per cent. Kyoei became the strategic partner of VIS in late 2017 after buying more than 14.7 million shares, or 20 per cent ownership, from previous shareholder of VIS – Thai Hung Company. In May 2018, the Japanese firm purchased another 33.2 million VIS shares from Thai … [Read more...] about What does Kyoei hope to gain from loss marking Vietnam Italy Steel?
Statistics of the Next Web showed as of July 2017, Vietnam ranked seventh in the world in the number of Facebook users with 64 million (Photo: VNA) Hanoi (VNA) – The website freedomhouse.org recently posted the Freedom in the World 2018 report, which maintained biased views and misleading assessments, despite many countries’ opposition. Released on January 16, the report covers 195 countries, designating 88 countries as Free, 58 others as Partly Free, and the remaining 49, including Vietnam, as Not Free. The report says that Vietnam completely lacks freedom of expression, freedom of the press, freedom of access to information and internet freedom. However, all the content that Freedom House mentioned is opposite to reality in Vietnam, with the rights to freedoms ensured and protected. One piece of evidence is that the 2013 Constitution devotes chapter two to the rights and fundamental obligations of citizens, instead of the fifth chapter as it was in the 1992 … [Read more...] about Freedom does not mean freedom of imposition