Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooperation agreement to build a passenger car factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.
Kim Long Motor Hue JSC and Changan Automobile Group sign a cooperation agreement on building a factory. (Photo: VNA)
Hue (VNS/VNA) - Kim Long Motor Hue Joint Stock Company and Changan Automobile Group (China) on January 14 signed a cooper🀅ation agreement to build a passenger car🌸 factory at an industrial park in the central city of Hue that will be capable of producing 50,000 vehicles per year.
Accordingly, the two parties plan to produce 5-7 seater vehicles at the new Kim Long Truong An Vietnam facility.
The factory will be part of the Kim Long Motor Hue automobile manufacturing and assembly industrial park located in Hue's Chan May - Lang Co Economic Zone.
It will span an area of 30 hectares, with all production lines set to incorporate Changan's advanced and cutting-edge technologies.
Construction of the factory is scheduled to begin in 2025. Initially, the localisation rate will reach 40%, with a target of exceeding 80% by the second quarter of 2026.
When operational, the factory is expected to create thousands of jobs and significantly contribute to the state budget and the socio-economic development of Hue.
Kim Long Motor's General Director Dao Viet Anh expressed that the partnership with Changan Automobile serves as a crucial foundation for the company to solidify its position in the domestic market and expand its reach internationally.
The company is committed to fully using its resources and technical expertise, while maintaining close collaboration with Changan Automobile to achieve their shared goals. They aim to begin operations at the factory promptly and jointly write a new chapter for Vietnam’s automobile industry.
Deputy General Manager of Changan Automobile Group Wang Hui highlighted that this collaboration marks an essential step in its global strategy, and will serve as a critical starting point to penetrate the Vietnamese market.
The partnership between Kim Long Motor and Changan Automobile in Vietnam will focus on several key pillars, including selecting unique product lines, developing a distribution system that meets brand standards and making investments in the 5-7-seater passenger car factory Kim Long Truong An Vietnam./.
The KP Aerospace Vietnam company from the Republic of Korea (RoK) officially opened a factory at the Da Nang Hi-Tech Park after 10 months of construction, marking the second aerospace industry project in the city.
Thantawan Industry Public Company Limited, a leading plastic bag and straw manufacturer with more than 40 years of experience in Thailand, officially took out a landmark 30-year lease for a ready-built factory at Phuoc Dong Industrial Park, the southern province of Tay Ninh.
LEGO Manufacturing Vietnam Co. Ltd. is seeking hundreds of workers for its 1.3-billion-USD factory in the southern province of Binh Duong which is expected to start operations in early 2025.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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.
