Binh Duong to launch $42 million plant

According a report from the Ministry of Industry and Trade, demand for automobiles will likely reach  between 800,000-900,000 units by 2025 and 1.5-1.8 million by 2030. The report said in recent years the automobile market growth has been much higher than expected though prices in Viet Nam remain very high (car prices in Viet Nam are double those in neighbouring countries like Thailand and Indonesia). For instance, the below-nine-seat market segment has grown by 20-30 per cent a year in recent years. The problem here is that Vietnamese automakers are not developed enough to take the advantage of this growth,…... [read more]

Prime Minister General Prayut Chan-o-cha has expressed his satisfaction with a report on the higher growth in Thai exports. He also received a report stating that the number of foreign investors that have shown interest in investing in the Eastern Economic Corridor (EEC) is beyond expectations. The Prime Minister said that export growth was seen in both agricultural and industrial products, such as natural rubber, sugar, vegetables and fruits, frozen and processed chicken, rubber products, automobiles and automotive parts, electric-circuit boards, and computers and parts. He said that the continued expansion…... [read more]

As Thailand moves closer toward its status as an ASEAN MICE Education Hub, it has developed the first international standard MICE curriculum in the Asian region. The Thailand Convention and Exhibition Bureau (TCEB), which is a public organization, is proceeding with its three-year strategic plan, from 2013 to 2015, to develop Thailand into a regional center for “meetings, incentives, conventions, and exhibitions,” or MICE. TCEB Acting Director Thongchai Sridama explained that Thailand has continued to develop infrastructure and facilities for international-standard convention and exhibition centers in several provinces. It has many networks for the MICE business and serves as the…... [read more]

The Secretary-General of the Office of the Vocational Education Commission, Dr. Chaiprug Sereerak, stressed the need to upgrade vocational education standards for 197 small colleges nationwide. He said that the three-year project, with an annual budget allocation of 150 million baht, would begin in 2013. A small college is defined as an educational institution with less than 1,200 students. Under the project, small vocational colleges will receive funds to ease their shortages, improve their premises, enhance the quality of teaching personnel and students, and develop the management system. In order to produce sufficient personnel in response to the demand for…... [read more]

Nichapa Yowee, Managing Director of Thailand-based Reed Tradex Company told a press conference on March 18 that the two events will boost the growth of Vietnam’s manufacturing industry. In coordination with the exhibition, which will feature 450 brand names from 25 countries, 20 symposia will provide a forum for businesses to share their experience in the manufacturing field. Vietnam Manufacturing Expo 2010 is composed of four related international exhibitions: “InterPlas Vietnam” for plastics and rubber manufacturing, “InterMold Vietnam” for mold and die, “Automotive Manufacturing Vietnam” for automotive parts, and “Automation Vietnam” for automation and assembly technologies. “Nepcon Vietnam 2010”, meanwhile,…... [read more]

“This year’s second annual event at the Tan Binh Exhibition & Convention Centre will focus on the key industries of the city,” said Ms Le Ngoc Dao from the HCM City Department of Industry and Trade. We fully expect over 10,000 products in total will be on display for the general public and business community to peruse she said – including clothing, textiles, footwear, electronics, automotive parts, auto assembly and mechanics to name only a select few. The expo offers a great forum, in particular, for Vietnamese businesses to link with other manufacturers within the region and around the world…... [read more]

The money the Southeast Asian country spent on Chinese machinery and equipment made up 18.2% of total imports of Chinese goods last year, the largest sector out of 45, the general department said. The 2015 figures have made China the biggest exporter of machinery and equipment to Vietnam, a position the neighboring country has held for many years after surpassing Japan and the Republic of Korea, the customs department said. The value of this group of Chinese goods accounted for 30% of total imports of machinery and equipment from Vietnam’s trading partners worldwide. The import value of machinery and equipment…... [read more]

Simply put, in-country auto manufacturers are too heavily dependent on imports to support their production and are forced to purchase intermediary and raw materials in overseas markets and ship them to Vietnam. This adds cost to production and cuts into the added value and profits of the manufacturers who would much prefer a robust local supply chain produce the needed items, the speakers noted. The lack of a well-developed auto parts segment is the biggest obstacle holding back growth of the auto industry, which includes all those companies and activities involved in the design, development, manufacturing, marketing, and selling of…... [read more]

Creating Favourable Conditions for Japanese Businesses Investing in Vietnam Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), recently had a meeting with a business delegation of the Japan Chamber of Commerce and Industry (JCCI) led by Mr Yoichi Kobayashi, Chairman of the Mekong-Japan Economic Cooperation Committee of JCCI. According to Mr Yoichi Kobayashi, there are about 1,600 Japanese companies investing in Vietnam. The figure reflects increasing interest among Japanese companies in the Vietnamese market. This is because Vietnam has always maintained a high growth rate, political stability, high-quality human resources and good relations between…... [read more]

Liberty donates technical goods to city college By Pham Le in HCMC Liberty Insurance has donated technical equipment worth VND2 billion to Phu Lam Business and Technical College in HCMC. The donation includes eight latest generation Mercedes engines, control boxes, airbags and various automotive parts. Carlos Vanegas, chief executive officer of Liberty Insurance, which is active in automobile insurance and health insurance, said the donation gives more than 2,000 students the opportunity to practice with modern automobile engines. Lam Van Quan, rector of Phu Lam Business & Technical College, said the need for automobile mechanics has been on the rise,…... [read more]

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