Industry News

Ministry mulls new taxes for auto industry protection

The Ministry of Industry and Trade is mapping out a new strategy for the auto industry, with highlights including an exemption of special consumption tax for local content of autos, and raising tax rates on pickups to levels now applicable to sedans.

Green light turned on for private economic groups

In the last 10 years, Vietnam has seen the establishment of private joint stock companies operating in many different business fields.

EU trade agreement promotes changes at industrial parks

The EU-Vietnam Free Trade Agreement (EVFTA) will help Vietnam become the regional hub of many foreign manufacturing companies, boosting the development of industrial zones in the country, Mr. Gellert Horvath, Vice Chairman of the European Chamber of Commerce (Eurocham) told a conference held by Vietnam-Singapore Industrial Park (VSIP) on May 11 with the theme “Unlocking the Potential of a New Model of Living and Manufacturing in the North”.

Change is coming with the 4th industrial revolution: experts

Here are the opinions of business leaders on what the fourth industrial revolution has in store for Vietnam.

Processing and manufacturing industry records positive start to 2016

Vietnam's Index of Industrial Production (IIP) climbed 7.9 percent in April compared to the same period last year, with the processing and manufacturing industry leading the way with 12.5 percent growth on year.

Firms must update technology

To remain competitive and take part in the global value chain, local companies, especially small- and medium-sized enterprises must invest in modern technology

Sandvik Coromant unveils a revolution in turning

Industry’s first ‘all directional turning’ solution offers improved machining flexibility, productivity and tool life.

World’s Largest Containership

The world’s largest containership (more than 20.000 Twenty-foot Equivalent Units) has been just designed by Samsung Heavy Industries (SHI) shipbuilder

Discover the Global machine tool market analysis to 2021

The report "Global Machine Tool Market" is Analysed based on various regions, including different countries in each region. The report will assist reader with better understanding and decision making.

Domestic steel consumption slows down in April

Domestic steel consumption recorded a modest year-on-year rise of 2.7 per cent in April to some five million tonnes, according to the Việt Nam Steel Association (VSA).
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