Thaco will begin construction on the expansion of the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone with an investment of 794 billion VND (35.3 million USD) in Quang Nam province.
The largest local car-maker, Thaco, has been negotiating with Mazda for mass production of its most popular cars in Vietnam (Photo: VNA)
Quang Nam (VNA) - The Truong Hai Automobile Joint-Stock Company (꧟Thaco) will begin construction on the expansion of the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone with anও investment of 794 billion VND (35.3 million USD) in central Quang Nam Province.
The ground-breaking ceremony of the expansion project will take place in the zone on April 23, an official from the Chu Lai Open Economic Zone Authority (EZA) confirmed to the English-language daily Vietnam News.
He said the expansion project, which covers 210ha of land, would include a new Mazda plant and other supportive industries for several car models.
Thaco, the country's largest local car-maker, has been negotiating with Mazda for mass production of its most popular cars in Vietnam, with an anticipated capacity of 100,000 Mazda cars per year, according to the EZA.
EZA said the expansion project in the Tam Hiep Industrial Zone would connect with the Tam Anh Industrial Zone and the seaport systems in the zone.
Earlier this year, Thaco began the operation of a new production line of trailers and special purpose vehicles in the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone.
The Quang Nam-based car producer, which claims 44.7 percent of the market share of the Vietnam Automobile Manufacturers' Association (VAMA), currently manufactures and distributes models of Kia of the Republic of Korea, Mazda of Japan and France's Peugeot at the Truong Hai-Chu Lai Auto Complex in central Quang Nam Province.
The Truong Hai Automobile Company has invested 400 million USD to build the Chu Lai-Truong Hai Industrial Complex – which has the first logistics centre, car production factories, a vocational training college, and a sea port and storage system, as well as a shipping service – in the zone.-VNA
Truong Hai Automobile Company (Thaco) rolled out the locally assembled Kia Sedona minivan at Chu Lai-Truong Hai Complex in the central coastal province of Quang Nam on October 29.
Toyota Motor Vietnam Co., Ltd (TMV) sold 4,693 vehicles in March, up 25 percent against the same period last year and 98 percent from February, the company announced on April 7.
Ford Vietnam sold 2,392 units in March an increase of 71 percent compared with the same period last year, the best sales ever recorded, the automaker announced on April 8.
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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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
The largest local car-maker, Thaco, has been negotiating with Mazda for mass production of its most popular cars in Vietnam (Photo: VNA)
