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VIETNAM BUSINESS NEWS MAY 10


VIETNAM BUSINESS NEWS MAY 10
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 10/05/2021
  
14:01
GMT+7
Businesses advised to stay vigilant to maintain export growth
Despite a rise in export revenue in the first four months of this year, experts suggested that businesses should not be too optimistic as the COVID-19 pandemic has seen complicated developments both in and outside the country.
Statistics from the Ministry of Industry and Trade (MoIT) showed that export value in April grew 44.9 percent over the same period last year, while that in the first four months of 2021 expanded 28.3 percent year on year to 103.9 billion USD. ....

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VinFast to temporarily close Australian R&D division due to COVID-19


VinFast to temporarily close Australian R&D division due to COVID-19
22:57 | 09/05/2021
VinFast invest about $15-20 million to develop the test track and the emission laboratory in Australia
According to Australia-based newswire
CarAdvice, the Vietnamese car maker will soon close its design and technical office in Port Melbourne after just over a year in the country. The establishment was home to nearly 50 former Holden, Ford, and Toyota engineers.
Responding to queries, VinFast stated that COVID-19 is the main reason behind the closure. The health crisis has hampered travel among the countries and the manufacturer is now looking to summon its strength to develop automobiles in Vietnam while the difficulties last. Employees who worked at the R&D centre will be arranged work in Vietnam. ....

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