Developing supporting industries to increase the use of locally produced parts is an urgent requirement if Viet Nam''s automobile industry is to be developed, and this will also help grow other industries.
Truong Hai Auto Corporation (Thaco) on Saturday inaugurated the upgraded Thaco KIA factory at Tam Hiep Industrial Park in the central province of Quang Nam’s Chu Lai Open Economic Zone.
South Korean firm Hyosung Group plans to hold a test-run of its first high-strength industrial polyester and nylon yarn plant for automobile supportive industries at Quảng Nam Province’s Tam Anh Industrial Park in October.
The central province of Quang Nam granted 26 new foreign direct investment (FDI) projects with total capital of nearly US$300 million in 2018, bringing the total number of FDI projects in the province to 169, worth $5.8 billion.
Chu Lai Open Economic Zone (OEZ) in Quang Nam Province was designated as a multi-sector economic zone yesterday, following Prime Minister Nguyen Xuan Phuc’s decision on the zone’s master planning.
Viet Nam’s Government has demonstrated its willpower to develop special economic zones (SEZs) which it hopes will spearhead the country’s growth. This issue has been high on the agenda in the face of the Fourth Industrial Revolution (Industry 4.0), at...
Truong Hai Automobile Joint Stock Company, or Thaco, this week opened a
trailer and special-purpose vehicle plant at the Chu Lai Open Economic
Zone in the central province of Quang Nam.
South Korean firm C&N VINA Tam Anh will start construction of its
first industrial park (IP) in Tam An Commune in the central province
later this month, officials said.
Positive measures such as the development of infrastructure and
administrative reforms are seen as key factors that attracted investors
to the Chu Lai Open Economic Zone over the past decade.
The Chu Lai Open Economic Zone and Viet Nam Bank for Industry and Trade
(Vietinbank) have agreed to a five-year credit co-operation to provide
loans for projects and investors.
The Prime Minister has approved a five-year (2015-2019) project to
improve the environment at the Chu Lai Nui Thanh Urban Area in the Chu
Lai Open Economic Zone, Quang Nam Province.
Chu Lai Open Economic Zone in the central province of Quang Nam withdrew
permission for the Chu Lai-Truong Hai engine manufacturing project at
the end of 2014.
Central Quang Nam Province will request ministries and
sectors to offer special preferences for projects with over US$500
million investment capital and key socio-economic projects in Chu Lai
Open Economic Zone.