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Update news Truong Hai
Increasing the localization ratio and reducing production costs are vital issues for Vietnam’s automobile industry. As Vietnam is one of the worlds’s largest tungsten producers, it could be material that could help revive the auto industry.
Hoa Phat and Truong Hai, companies owned by newly recognized dollar billionaires Tran Dinh Long and Tran Ba Duong, respectively, are leaders in their industries but also investors in agriculture.
VietNamNet Bridge - Vietnamese enterprises made hefty investments in automobile manufacturing projects in 2017, with the aim of becoming an automobile production center in SE Asia.
VietNamNet Bridge - Taking every opportunity to reduce prices, Truong Hai and Toyota, the two big automobile manufacturers, are trying to capture every corner of the market.