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Home appliance maker says fraud allegations have caused $43 mln in damage

Asanzo chairman said at a press conference Tuesday that his firm has suffered VND1 trillion ($43 million) in damage by unproven fraud allegations.

Home appliances maker Asanzo shuts down as fraud allegations hurt sales

Asanzo has ceased all operations after suffering losses of VND70 billion ($3 million) following allegations it was selling Chinese imports as Vietnamese products.

Suppliers struggle to join multinationals’ chains

Vietnamese firms say they have struggled to participate in MNC supply chains, with the latter prioritizing cheaper home country inputs.
August 23, 2019 | 12:15 pm GMT+7

Annual car sales to reach a million in 2025

Vietnam's annual car sales could more than triple in the next five years to reach a million in 2025.
August 17, 2019 | 07:32 pm GMT+7

Vietnam mulls tax incentives for locally-made auto parts

Vietnam is considering removing the special consumption tax on car parts produced in the country to boost local manufacturing.
August 07, 2019 | 04:59 pm GMT+7

Thailand, Indonesia dominate Vietnam's car imports

Thailand and Indonesia hold the lion's share of Vietnam's car imports amidst challenges as the country seeks to prioritize local manufacturing.
July 26, 2019 | 09:44 am GMT+7

India investigates alleged steel dumping by Vietnam

India is investigating steel dumping allegations made against Vietnam and other countries by domestic producers.
July 07, 2019 | 05:13 pm GMT+7

VinFast car factory ready ahead of schedule

Vietnam’s first fully-fledged domestic car manufacturer ​VinFast on Friday inaugurated the first phase of its auto plant three months earlier than planned.
June 14, 2019 | 01:00 pm GMT+7

Latest escalation of US-China trade war threatens Vietnam

The latest salvo in the U.S.-China trade war could intensify pressure on Vietnam, experts have warned.
May 15, 2019 | 08:12 am GMT+7

Vietnam should strictly monitor zero-tax car imports from ASEAN: Thaco

Vietnam’s leading auto firm Thaco wants the government to strictly inspect zero tariff application on cars imported from ASEAN.
May 02, 2019 | 11:47 pm GMT+7

3rd generation of Vietnam’s Bphone unveiled; no home button

Vietnam’s cyber security firm BKAV unveiled the third generation of its Bphone on Wednesday without a home button, pricing it from $300.
October 10, 2018 | 02:04 pm GMT+7

VinFast sedan, SUV should cost around $50,000

Experts say VinFast’s sedan and SUV should cost below and just above $50,000, respectively, to be competitive in Vietnam.
October 05, 2018 | 05:17 pm GMT+7

David Beckham introduces first made-in-Vietnam cars

Former Manchester United football star David Beckham introduced the first made-in-Vietnam cars in Paris on Tuesday.
October 02, 2018 | 03:57 pm GMT+7

Fast and serious: Vietnam's first domestic car manufacturer bets big

Vietnam is betting car-making can be a ticket to a more prosperous economy, just as it was for the likes of Japan and South Korea.
October 01, 2018 | 04:22 pm GMT+7

Made-in-Vietnam cars geared for East European roads

All conditions exist to compete and succeed in both domestic and foreign markets, Vingroup chairman asserts.
June 04, 2018 | 02:26 pm GMT+7
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