A car manufactured at Huyndai Thanh Cong (Photo: VNA)
Ninh Binh (VNA) - Auto manufacturer Thanh Cong Group has set itself a target ofproducing 75,000 motor vehicles this year, raising its production rate to 11.3 per hour.
A representative fromthe manufacturer revealed the information during a working session with a delegation fromthe Ninh Binh Party Committee on February 18 at the Hyundai Thanh Cong facilityin the northern province’s Gian Khau Industrial Park.
Despite thenegative impact of COVID-19 last year, Thanh Cong Group manufactured inexcess of 66,800 passenger vehicles, excluding coaches, at a rate of 11 perhour. The facility has 3,163 employees in total.
This year the groupwill focus on the construction of its Hyundai Thanh Cong 2 plant (HTMV 2),which is projected to be completed in July next year, and will push ahead with itsdigital transformation efforts.
During the workingsession, Secretary of the Ninh Binh Party Committee Nguyen Thi Thu Ha spoke highlyof the achievements of Thanh Cong Group last year, particularly inautomobile manufacturing, which affirmed its position as having the largestshare in Vietnam’s auto market.
Local authoritieswill work to complete institutions and policies to facilitate the development of companiesin the province, she pledged.
Thanh CongGroup’s auto manufacturing revenue accounted for 30.8 percent of Ninh Binh’sindustrial production value last year. The province posted economic growth of6.35 percent for the year, placing it among the country’s top 10 and ranking itfourth in the Red River Delta./.
Thanh Cong Group on March 30 signed a cooperation agreement with the Republic of Korea’s Hyundai Motor Company on forming a venture to expand the assembling of automobiles in Vietnam.
Thanh Cong Group has officially signed a new joint venture with the Republic of Korea’s Hyundai Group to manufacture and distribute commercial vehicles in Vietnam.
Car maker Hyundai Motor Co. of the Republic of Korea (RoK) will set up a joint venture with Vietnam’s Thanh Cong group to boost sales in the emerging market, according to Yonhap news agency.
Thanh Cong Group and Hyundai Motor co-held a ground-breaking ceremony for an automobile manufacturing facility which has designed capacity of 100,000 units per year, in the northern province of Ninh Binh on September 20.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A car manufactured at Huyndai Thanh Cong (Photo: VNA) 
