HONG KONG, June 5, 2023 /PRNewswire/ ASEAN Member States are sending clear signals that they are ready to embrace the myriad of opportunities of developing a regional electric vehicle (EV) supply chain for the global automotive ecosystem. Of these nations, Vietnam is in a unique position compared to other traditional automotive markets, as the growth of EVs has created a level playing field for new entrants in the industry (production, manufacturing and sales). This comes as the domestic economy expands its influence within the ASEAN. In 2022, the country retained its title as Southeast Asia's fastest-rising economy, with GDP increasing by eight percent, well above earlier forecasts. The 8.1 percent expansion of the manufacturing sector was the main driver in this growth, with other analytics suggesting that FDI will be a key to its advancement in the years ahead[1]. The country has already recorded USD 8.88 billion of FDI in the first quarter of 2023, to which the manufacturing
IndiGo continued on the path of profitability as it reported its best-ever fourth-quarter net profit of Rs 9,192 million for the quarter ended March 2023, a 155
ACC Limited, a cement maker and part of the diversified Adani Group, announced the financial results for the quarter and full year that ended in March 2023.