return icon

Car manufacturer Skoda to enter Vietnam market

Skoda Auto, a popular car company from the Czech Republic, has unveiled their latest plan to develop a car factory in the northern province of Quang Ninh this year.

Octavia, the most popular sedan of the Skoda brand.

Skoda Auto Company recently held a working session with leaders of the Ministry of Industry and Trade discussing their investment plan to manufacture automobiles in the country.

Under the plan, Skoda Auto will build a car factory in Quang Ninh this year to churn out products for domestic use and export starting next year.

Most notably, the Czech firm’s car models are expected to compete with other popular models from renowned brands manufactured in Japan, the Republic of Korea, and the United States.

Skoda is a long-standing brand that was originally founded in 1925 in the Czech Republic. Later, the company was privatised and has been officially owned by the Volkswagen group since 2000.

At present the company has entered more than 100 countries, with sales reaching nearly 900,000 units last year.

Skoda manufactures various types of cars, ranging from sedans, hatchbacks, wagons to SUVs. The company's most popular models include Slavia, Octavia, and Kodiaq.

Skoda has also launched its electric car branded the Enyaq SUV, which shares the same platform with models like the Volkswagen ID.4 or the Audi Q4 e-Tron.

Source: VOV

Portraits of Made-in-Vietnam automakers

Portraits of Made-in-Vietnam automakers

Mr. Tran Van Tam, the owner of a homemade electric car, was recentlyy introduced on a British news site. Tam’s road from a dream to research and development of cars was a difficult journey.

Automakers warned against underestimating reputation of Chinese cars

Automakers warned against underestimating reputation of Chinese cars

Contrary to all predictions, Chinese cars continue to flow into Vietnam and sales have been increasing steadily, despite Covid-19 and the poor reputation of Chinese brands.


Amid global unrest, VN billionaires incur huge losses

Despite good news about the economy, including high growth rate and low inflation, stock prices have been sliding all over the globe.

Vietnam needs to expand airport network to relieve pressure on infrastructure

Vietnam ranks No.1 on the list of the 25 countries with the fastest post-pandemic recovery of the domestic aviation market.

Binh Duong lures foreign investors with special care

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.

Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

Unemployment rate falls, workers' incomes increase

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

The most expensive birds in Vietnam

Red-whiskered bulbs (Pycnonotus jocosus) with original colors are priced at VND500 million and tiny chickens with original colors sell for thousands of USD.

Drinks from dracontomelon: A popular heat-relieving drink in Hanoi

Sweet drinks made from ‘sau’, a fruit which is known scientifically as Dracontomelon, are a popular heat-relieving drink in Hanoi during the hot summer.

1,000 authors with doctoral degree or higher compiled textbooks for new academic year

As many as 1,574 authorities participated in compiling textbooks for six grades in accordance with the new general education program issued in 2018.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.

Law on Pharmacy needs to be amended

The lack of medicine at public hospitals has caused concern among the public. The Prime Minister has instructed the Ministry of Finance (MOF) and relevant ministries to find solutions to resolve the problem.

FIEs seek streamlined workforce policy

The human resources of Vietnam are improving to meet the demand of foreign-invested enterprises. However, they may require stronger policies on visas to enhance performance and transfer high technologies to Vietnam

US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Entrepreneurs blaze a trail in the city

Die-hard entrepreneurs are re-inventing themselves to solve business problems and find their niches in Ho Chi Minh City.

VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.