Geely Coolray to debut in Vietnam, kicking off with 168 million USD joint venture
Set to enter the Vietnamese market, the Geely Coolray has already surpassed 1 million units sold across 50 countries. It holds the top sales position in Algeria, ranks among the top three in Kuwait and Panama, and has recorded an 80.1% growth in the UAE. These achievements highlight its strong potential in Vietnam.
Hanoi (VNA) –ꦐ China's automotive group Geely Auto Group and Vietnam’s Tasco JSC have begun a campaign to launch the urban SUV Geely Coolray in the Vietnamese market, marking the beginning of their 168 million USD joint venture.
Signed in September last year, the agreement outlines plans for an automobile manufacturing and assembly plant in the Tien Hai Industrial Park in the northern province of Thai Binh. The first phase of the factory is projected to have an annual capacity of 75,000 vehicles, with production set to commence in early 2026.
Geely Vietnam, meanwhile, is expected to capitalise on Tasco’s extensive distribution network, which currently holds a 13.7% share of Vietnam’s automobile market with 106 dealerships nationwide. This collaboration aims to maximise market reach and bring Geely’s products closer to Vietnamese consumers.
Set to enter the Vietnamese market, the Geely Coolray has already surpassed 1 million units sold across 50 countries. It holds the top sales position in Algeria, ranks among the top three in Kuwait and Panama, and has recorded an 80.1% growth in the UAE. These achievements highlight its strong potential in Vietnam.
Geely Vietnam plans to organise a nationwide test-drive event for the SUV from February 22 to March 15 at Geely dealerships across the country.
Last year, Geely Auto reported record sales of 2.17 million vehicles, a 32% annual increase. Its international business segment saw a 53% surge in exports, reaching 403,923 units./.
Honda Vietnam Co., Ltd. has recently reported growth in both motorcycle and automobile sales in 2024, with year-on-year increases of 2.8% and 19%, respectively.
The Thanh Cong (TC) Group, the assembler and distributor of Hyundai vehicles in Vietnam, has reported a remarkable increase of 34.9% in auto sales in November, with total 10,303 units delivered across its lineup.
The Vietnam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14%.
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.
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.
