Hyundai Thanh Cong’s premium cars exported to Thailand
Hyundai Thanh Cong Vietnam, a joint venture between Vietnam’s TC Group and the Republic of Korea’s Hyundai Motor, on October 29 exported the fourth batch of Hyundai Palisade cars to Thailand, raising the total number shipped to the country to 110.
Hanoi (VNA) - Hyundai Thanh Cong Vietnam, a joint venture between Vietnam’s TC Group and the Republic of Korea’s Hyundai Motor, on October 29 exported the fourth batch of Hyundai Palisade cars to Thailand, raising the total number shipped to the country to 110.
This shipment is part of the company’s plan to export over 4,000 Hyundai vehicles to countries in the region during the 2024-2025 period. Among these, Hyundai Palisade is Hyundai's premium sport utility vehicle (SUV), which has been produced and distributed in Vietnam since September 2023.
Notably, with a localisation rate of over 40%, Hyundai Palisade not only meets stringent technical requirements but also qualifies for tariff preferences under the ASEAN Free Trade Agreement (AFTA), which provides it a significant competitive advantage for international exports.
This export event marks over 15 years of strategic cooperation between TC Group and Hyundai Motor in the production and distribution of Hyundai-branded vehicles in Vietnam. To date, TC Group has successfully established Hyundai’s automobiles and passenger cars as a dominant presence in the Vietnamese market.
In addition to Hyundai Palisade, the company aims to expand the export of other vehicle lines to other Southeast Asian countries like Myanm💞ar, the Philippines, and Indonesia. This demonstrates the global quality of Hyundai-branded automobiles produced and assembled in Vietnam, contributing to elevating the status of Vietnam's automotive industry on the regional map./.
Amid the surging demand for semiconductor engineers driven by the AI boom, many companies are turning to Vietnam for its talent pool and competitive labour costs, positioning the Southeast Asian nation as a "magnet" for major players in the chip industry.
Lotte Rental Co., a major car rental firm in the Republic of Korea (RoK), on July 22 announced that it will enter Vietnam's individual long-term car rental market in the second half of this year.
Vietnam’s automobile market is expected to bounce back in the last months of 2024 if a proposal to cut registration fees by a half for domestically manufactured and assembled cars is approved.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
