Wednesday, December 4, 2024 4:32:03 PM - Markets closed
VN-INDEX 1,240.41 -9.42/-0.75%
HNX-INDEX 224.62 -0.67/-0.30%
UPCOM-INDEX 92.44 0.00/0.00%
VIC: Car maker VinFast to expand dealership network to Laos
Vietnam+ - 6/29/2021 10:42:04 AM
 (0 ratings. You must sign in to rate.)
 Phongsubthavy Group of Laos would be an exclusive distributor of Vietnamese car maker VinFast under a memorandum of understanding signed on June 28.
 
General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong and General Secretary of the Lao People’s Revolutionary Party (LPRP) Central Committee and President of Laos Thongloun Sisoulith, who has been on an official visit to Vietnam, witnessed the signing of the document.
 
Phongsubthavy wanted to establish a system of VinFast dealerships in Laos to diversify car supplies in the country.
 
VinFast committed that Phongsubthavy will become its priority partner in Laos if the group satisfies conditions and standards regarding finance, personnel, sales and investment prospects.
 
Phongsavath Senaphuan, Chairman of Phongsubthavy, said his group has chosen VinFast because of its incredible growth over the past time, adding VinFast has created the first Vietnamese car brand in the international market.
 
Hoang Chi Trung, General Director of VinFast, expressed his hope that through the cooperation with Phongsubthavy, more people will possess and experience Vietnamese cars.
 
As one of the leading groups in Laos, Phongsubthavy is operating in construction, real estate, energy and trade. It has also cooperated with Vietnam Electricity (EVN) to export electricity to Vietnam./.
 
VNA
 
Read original article here
 
Newer News
29/01 Viettel named most valuable telecoms brand in Southeast Asia
12/10 VIB: VIB's pre-tax profit up 46% in nine months
11/09 PV GAS affiliate opens LPG extraction, filling station in Khanh Hoa
19/08 GEG: Japanese firm buys 35.1 per cent stake in Việt Nam’s power company
18/11 TAR: Can Tho company to export 15,000 tonnes of rice to RoK​
09/11 French expert pins high hope on foreign companies’ prospects in Vietnam
15/10 FLC: Bamboo Airways opens Hà Nội-Điện Biên route
08/09 HAG: shares continue to trade under supervision of HoSE
16/08 VPB: VPBank's charter capital to reach $3.3 billion by 2022
15/07 HVN: Vietnam Airlines to raise over $346 million through share issuance
Older News
02/06 POW: POW faces risk of being kicked out of VN30-Index
23/02 KDC: KIDO Group aims for profit of 800 billion VND in 2021
13/01 HNG: HAGL Agrico shareholders approve new development strategy
08/01 BSR: Binh Son Refining and Petrochemical eyes 37.45 million USD in after-tax profits
08/01 HPG: Hoa Phat Group’s steel output surpasses 5 million tonnes for first time
19/12 ACV to invest more than $4.3 billion in Long Thành Int’l Airport
19/11 BDC: Nghị quyết Đại hội đồng cổ đông bất thường năm 2019
20/05 KDH: House to issue 130 million shares for dividend and bonus payments
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:02 PM
VN-INDEX 1,240.41 -9.42/-0.75%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.