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Update news Vinaxuki
Bui Ngoc Huyen dreamed of making Vietnamese automobiles, ‘boss Duc’ transferred shares, and ‘boss Kien’ made big money while he was in prison. These were the most outstanding business stories of the last week.
The Bank for Investment and Development of Vietnam (BIDV) has announced plans to put secured assets of Xuan Kien Auto JSC (Vinaxuki) up for auction...
VietNamNet Bridge - Vietnamese are turning their back on Chinese cars for several reasons, including low quality, design copies and vulnerability.
Though Vietnam's automotive market holds promise from rising per capita incomes and a huge population, carmakers remain plagued by inconsistent government policies.
With VND600 billion (nearly $30 million) of debt, Chairman of the Xuan Kien Automobile JSC (Vinaxuki) has sent a 12-page letter to Prime Minister Nguyen Tan Dung to ask for the government’s assistance to the auto industry.
The owners of Trung Nguyen coffee, Vinaxuki automobile, My Hao cosmetics and Bibica sweets brands have been going to retail markets to survey the purchasing power, assembling cars and selling products themselves.