BIDV puts auto firm Vinaxuki up for sale to recover bad debt

Monday, Feb 24, 2020

The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuan Kien Auto JSC (Vinaxuki) up for auction to recover the VND1.26 trillion (US$55 million) non-performing loan.

Vinaxuki to sell its factory

Thursday, Jul 30, 2015

Xuan Kien Auto JSC (Vinaxuki) will sell its manufacturing factory Me Linh 1 in Ha Noi to repay its creditors, the company''s Director General Bui Ngoc Huyen announced last month.

Imports of automobiles rise sharply year to date

Thursday, Jun 04, 2015

About 45,000 completely-built-up (CBU) automobiles, worth US$1.2 billion, were imported into Viet Nam in the first five months of the year, the industry and trade ministry said.

Incentives needed to bolster automotive support industry

Tuesday, May 05, 2015

Suitable incentives were essential to enhancing the competitiveness of enterprises in the support industry to develop the domestic automotive sector, according to Chairman of the Viet Nam Federation of Civil Engineering Association Do Huu Hao.

Incentives needed to drive auto industry

Thursday, Feb 12, 2015

The Chairman of the joint stock automaker Vinaxuki, Bui Ngoc Huyen, shared with the Vietnam News Agency reporter Duc Dung his opinions on the Government''s policies on land, technological transfer, and long-term, low-interest-rate loans to stimulate the automobile spare parts manufacturing business.

Support industries to receive funding, infrastructure help

Friday, Aug 29, 2014

Two banks and an industry association have joined hands with a concerned government agency to boost Viet Nam''s support industries with much-needed financial and infrastructure assistance.

Car makers plead for Gov't help

Thursday, Sep 05, 2013

Xuan Kien Automobile Joint Stock Company (Vinaxuki) has asked the Government to reduce the 70 per cent consumption tax on its locally made cars from January.