FactorySyndicate Factory

Suzuki turns first sod on factory project

DONG NAI — Regardless of the stagnant local auto market, Viet Nam Suzuki Corp., a subsidiary from the Japan Suzuki Motor Corporation Japan, broke ground to have an automobile factory in southern Dong Nai Province yesterday.The brand new factory, which is built near the existing Suzuki motorbike factory in Lengthy Binh Industrial Park in Dong Nai's Bien Hoa City, can make 5,000 auto models each year if this becomes operational in 2013, based on Osamu Suzuki, leader and Boss from the Japan Suzuki Motor

Japan's Honda to open second Indonesia car plant

Japan's Honda to open second Indonesia car plant

Japanese auto giant Honda on Thursday said it would invest US$320 million in a new car plant in Indonesia, just days after saying it would build a new motorcycle factory in the fast-developing country

Vietnamese company builds plant in Laos

The groundbreaking ceremony for a Vietnamese-invested factory to manufacture starch from cassava was held in the Lao province of Bolikhamxay on Mar.12.

Flood-hit Japanese firms 'may quit' Thailand

Flood-hit Japanese firms 'may quit' Thailand

Almost one in 10 Japanese manufacturers with operations in Thailand plans to relocate out of the kingdom after last year's devastating floods

Indian manufacturing activity jumps in December: HSBC

Indian manufacturing activity jumps in December: HSBC

India's factory activity showed its sharpest rise in six months in December, helped by improved demand and growth in new orders for business, according to a survey published on Monday

Vinamilk’s milk export hits record high

Vinamilk’s milk export hits record high

HCMC – The export turnover of Vietnam Dairy Products Joint Stock Co. (Vinamilk) this year may reach US$130 million, up 50% against last year, as the company bolstered export to offset a drop in the domestic demand.

Honda builds third bike factory in Vietnam

Honda builds third bike factory in Vietnam

Honda Vietnam started construction on a new motorbike and spare part factory in northern Vietnam, its third plant in the country so far

Slow recovery for flood-hit Thai plants

Slow recovery for flood-hit Thai plants

Piles of rubbish, rusting furniture and discarded machinery litter one of Thailand's top high-tech parks, a former symbol of economic prowess laid to waste by weeks of flooding

Vissan kicks off food processing complex

Vissan kicks off food processing complex

HCMC – Vissan Co., Ltd. on Wednesday started construction of a food processing complex in the Mekong Delta province of Long An to replace its inner-city facilities that are being shut down.

Thaco assembles Kia Sorento

Thaco assembles Kia Sorento

HCMC, DANANG – Truong Hai Auto Joint Stock Co. (Thaco) on Wednesday launched the first locally-assembled Kia Sorento CKD which is also the 30,000th Kia car assembled at its factory in central Vietnam after four years of operation.

From Business

Firms advised to focus on TPP

HN — Domestic businesses should positively build plans and methods to grow marketplaces in nations joining the Trans-Off-shore Partnership (TPP) Agreement.Ngo Chung Khanh, deputy director from the Secretary of state for Industry and Trade's Multilateral Trade Policy Department, made the suggestion in a conference in Ha Noi yesterday.The TPP pact, also called the Trans-Off-shore Proper Economic Partnership Agreement, is really a multilateral free trade deal that aims to help liberalise the financial systems

Blue chips lead share plunge

HN – Blue nick declines ongoing to tug shares lower around the HCM City Stock Market today.As much as 80 percent from the top 30 shares by market capitalisation and liquidity sank, which the 2nd biggest share PV Gas, HCM City Infrastructure Investment (CII), Sea Group (OGC) and Sacombank Investments (SBS) fell through the daily limit of 5 percent.Only mixer Masan Group (MSN), property developer Quoc Cuong Gia Lai (OQC) and Song Da Urban & Industrial Zone Investment and Development (SJS) bucked the