New auto manufacturing project approved in Thua Thien – Hue
The central province of Thua Thien – Hue has approved Kim Long Nam JSC’s investment in an auto manufacturing – assembly complex at the local Chan May – Lang Co economic zone.
Chairman of the Thua Thien - Hue People’s Committee Phan Ngoc Tho (R) presents a document approving Kim Long Nam JSC's investment to the company's representative (Photo: baothuathienhue.vn)
Thua Thien – Hue (VNA) – The central province ofThua Thien – Hue has approved Kim Long Nam JSC’s investment in an automanufacturing – assembly complex at the local Chan May – Lang Co economic zone.
The Kim Long Motors Hue complex spans approximately 160hectares, with its first phase costing some 3.33 trillion VND (143.72 million USD).It is designed to annually produce 16,000 buses meeting Euro emission standards.
The project is expected to become operational in 24 months.
Chairman of the provincial People’s Committee Phan Ngoc Thosaid the Kim Long Motors Hue project is in line with the national planning andstrategy on auto industry development.
The plant will make use of the province’s port and logisticsadvantages and help attract more investors to the local spare part andmechanical industries, he said, adding that it will create jobs for some 3,000local workers.
The official said he hopes the Kim Long Motors Hue and theTruong Hai – Chu Lai Complex can form an auto manufacturing centre in thecentral key economic region, which consists of Thua Thien – Hue, Da Nang, QuangNam, Quang Ngai, and Binh Dinh.
On the occasion, Kim Long Nam and Phuong Trang Group donated20 billion VND (863,950 USD) for the province to upgrade the road leading toKing Gia Long’s tomb.-VNA
The domestic auto industry will need several supporting measures including technical barriers to “create differences” between locally-made and imported cars, officials and industry insiders agree.
The auto industry in Vietnam is still very small, which is the reason why global auto component suppliers have not made their full presence in the market, the Automotive Working Group (AWG) said at the 2017 Vietnam Business Forum in Hanoi on June 27.
Russian auto makers will join hands with Vietnamese partners to set up manufacturing companies in Vietnam, as part of an amended protocol signed between the two governments in Hanoi on December 27.
The Ministry of Industry and Trade (MoIT) wants to take advantage of market and policy opportunities to promote automobile manufacturing projects of domestic automakers including Truong Hai Auto Corporation (Thaco), Thanh Cong Group and VinFast.
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.
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.
Chairman of the Thua Thien - Hue People’s Committee Phan Ngoc Tho (R) presents a document approving Kim Long Nam JSC's investment to the company's representative (Photo: baothuathienhue.vn) 
