Bulgarian President invites VinFast to invest in electric vehicle production

16:50 | 27/11/2024 Investment Follow Ven.vn on

The Bulgarian President praised the quality and potential of VinFast's electric vehicles in the European market and urged the company to explore collaboration and investment opportunities in Bulgaria.

Bulgarian President Rumen Radev visits VinFast car factory in Hải Phòng City. — VNA/VNS Photo

HÀ NỘI — President Rumen Radev of the Republic of Bulgaria has urged VinFast to sell its electric cars and invest in production in Bulgaria.

Visiting the VinFast Hải Phòng Manufacturing Complex on November 26, the Bulgarian President expressed a deep sense of admiration for the brand.

He praised the quality and potential of VinFast's electric vehicles in the European market, highlighting Bulgaria's strengths in research, production and development of components, sensors and intelligent operating systems for electric vehicles.

He noted that Bulgaria has been part of the supply chain for numerous European, US and Japanese car manufacturers for many years.

As a result, the Bulgarian President extended an invitation to VinFast to explore potential collaborations and investments in Bulgaria, including selling cars in the Bulgarian market, manufacturing components, producing vehicles, or co-developing software for electric cars that meet European standards and regulations.

He also congratulated VinFast on its remarkable success in becoming the number one car brand in Việt Nam in such a short space of time

"This achievement exemplifies Việt Nam's extraordinary economic, scientific and technological advancements over the past few decades," he said.

President Rumen Radev spent considerable time touring the body welding and electric vehicle assembly workshops at VinFast, gaining detailed insights into the production processes.

During the visit, Vice Chairman and CEO of Vingroup, Nguyễn Việt Quang, emphasised VinFast's strong push towards global expansion, aiming to popularise electric vehicles and promote green mobility worldwide.

He said that VinFast will seriously study and explore opportunities for cooperation and investment in Bulgaria, as suggested by President Radev.

Source: VNS

See more news

Japanese retailer Aeon to break ground on 4th shopping mall in Northern Vietnam

15:54 | 25/11/2024 Investment

Japan’s Aeon Mall Vietnam will start construction of a VND5.14 trillion ($202.2 million) shopping center project in the northern province of Quang Ninh, home to UNESCO natural heritage site Ha Long Bay, on December 2, according to provincial authorities.

Thai packaging giant takes 30-year lease for largest ready-built factory in Tay Ninh

16:58 | 22/11/2024 Investment

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.

Workshop seeks ways to attract Japan’s green investment to Vietnam

09:43 | 20/11/2024 Investment

A workshop was held in Tokyo on November 18 to introduce to Japanese businesses investment trends in Vietnam and its pioneering industrial parks with carbon neutral initiatives.

Government approves investment policy to build Cam Lien Industrial Park in Quang Binh

16:57 | 18/11/2024 Investment

On November 16, the leader of the Quang Binh Provincial Economic Zone Management Board said that the Government had just approved the investment policy for Cam Lien Industrial Park.

Disbursement of public investment must be accelerated: Deputy PM

12:17 | 17/11/2024 Investment

Deputy Prime Minister Ho Duc Phoc has called on ministries, agencies, and localities to accelerate the disbursement of public investment from now until the year-end and further tighten investment management.

LG plans to pour further US$1 billion investment into Vietnam

10:42 | 16/11/2024 Investment

The Republic of Korea (RoK)’s LG Displays Co. Ltd has been licensed to raise its investment in a factory in Hai Phong city, northern Vietnam, by US$1 billion.

Long An province promotes investment and trade in France

09:34 | 15/11/2024 Investment

A Vietnam-France Investment and Trade Promotion Seminar was held in Paris on November 13 to strengthen connections and seek cooperation opportunities between the Mekong Delta province of Long An and France.

Bac Giang prioritises high-tech FDI projects, services industry

17:04 | 12/11/2024 FDI

The northern province of Bac Giang will continue attracting foreign direct investment (FDI) projects in the time ahead, prioritising those using high-tech or relating to supporting industries and high-quality services, local authorities have said.

Vietnam draws new wave of high-value investments: Savills

19:30 | 10/11/2024 Investment

Vietnam’s industrial and digital sectors are experiencing a strong growth, fueled by a surge in foreign direct investment (FDI) inflows, large-scale infrastructure projects, and a favourable legal environment, according to Savills Vietnam.

Hanoi attracts 1.6 billion USD in FDI in ten months

15:18 | 07/11/2024 Investment

Hanoi attracted 58.4 million USD in foreign direct investment (FDI) in October, bringing the total in the first ten months of this year to 1.6 billion USD.

Latest Most Read

Long Thanh Airport component project 4 urged to be on schedule

17:13 | 03/12/2024 Society

(VEN) - On the afternoon of December 2, Deputy Prime Minister Tran Hong Ha chaired a meeting of the Working Group on the Long Thanh International Airport project, Phase 1 regarding the implementation of component project 4 connecting traffic to Long Thanh Airport.

Specific plans announced to restructure Party apparatus

16:46 | 03/12/2024 Policy

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.

Chinese media highlights Vietnam as attractive investment destination in 2025

16:38 | 03/12/2024 Investment

Indonesia extends safeguard measures on polystyrene products from Vietnam

16:34 | 03/12/2024 Trade

The Indonesian Trade Safeguards Committee (KPPI) has announced the extension of safeguard measures on expansible polystyrene (EPS) products with the HS code 3903.11.10, in which Vietnam is not included on the list of excluded developing countries.

Party chief meets with Hanoi voters

16:22 | 03/12/2024 News and Events

Party General Secretary To Lam met with voters in Hanoi’s Ba Dinh, Hai Ba Trung and Dong Da districts on December 3, briefing them on the outcomes of the 15th National Assembly’s eighth session.

Vietnam, Egypt promote all-round cooperation

11:36 | 29/11/2024 Cooperation

Cairo – Deputy Minister of Foreign Affairs Nguyen Minh Hang has paid a courtesy call to Egyptian Minister of Foreign Affairs and Immigration Badr Abdelatty and co-chaired the 10th political consultation between the two foreign ministries, as part of her working trip to Egypt from November 28-29.

Promoting business cooperation and market expansion

11:47 | 29/11/2024 Trade

(VEN) - The 22^nd Vietnam International Trade Fair in Ho Chi Minh City (VIETNAM EXPO 2024 HCMC), themed “Solutions for the Modern Lifestyle,” will take place from December 5-7.

Stricter rules for social media, news aggregator sites

14:20 | 29/11/2024 Society

Social media platforms are barred from organising user posts into fixed sections or publishing content in the form of investigative reports, interviews or journalistic features.

NA passes Geology and Mineral Law, Fire Safety Law

14:24 | 29/11/2024 Policy

HÀ NỘI — The National Assembly (NA) on Friday approved the Geology and Mineral Law with an overwhelming majority of 446 out of 448 deputies voting in favour, representing 93.11 per cent of its members.

Việt Nam seeks stronger cooperation with Finland

14:30 | 29/11/2024 Cooperation

During the discussions, President Stubb and Deputy PM Purra praised Việt Nam’s socio-economic achievements. They confirmed that Việt Nam is Finland’s key partner in Southeast Asia.

Multimedia

Video Longform Infographic Photo

Streamlining political system's organisational apparatus

10:17 | 03/12/2024 Infographic

Party General Secretary To Lam has urged Party committees, Party organisations, agencies, units, and sectors at all levels to demonstrate the highest political determination in streamlining the political system's organisational apparatus.

Vietnam-Singapore Strategic Partnership

15:28 | 02/12/2024 Infographic

The official visit to Singapore by National Assembly Chairman Tran Thanh Man and his spouse aims to further deepen the strategic partnership between Vietnam and Singapore.

Local vibe at wholesale market

10:51 | 02/12/2024 Lifestyle

A market can often be described as the beating heart of a city. And Đồng Xuân Market in the centre of Hà Nội is exactly that.

Government member for 2021-2026 term

08:58 | 02/12/2024 Infographic

The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.

Ancient house comes to life

16:30 | 28/11/2024 Culture

The Ancient House at 87 Mã Mây has come to life with a new live show about a herbalist, one of the owners of the house in the past. Visitors can learn about the tradition of making herbs, and watch the lifestyle of family that once lived there with music and dances from the 1930s.

Policy

Specific plans announced to restructure Party apparatus

16:46 | 03/12/2024 Policy

The plan will reduce at least four Party organisations, 25 Party delegations and 16 Party groups merged into others and add two more Party Committees under central management.

Streamlining political system: Time does not wait

15:40 | 02/12/2024 Policy

Achieving strategic goals not only requires extraordinary efforts and exceptional commitment but also does not allow any delay or slackening, with a revolution to build a truly elite and streamlined political system promptly carried out, the Party leader underscored.

Gov't urges stronger efforts in thrift practice, wastefulness prevention

15:14 | 02/12/2024 Policy

HÀ NỘI – Prime Minister Phạm Minh Chính on Sunday signed an official dispatch demanding ministries, sectors, and localities to promote thrift practice and wastefulness combat.

2-per-cent VAT reduction extended to the end of June

14:48 | 02/12/2024 Policy

HÀ NỘI — The National Assembly has approved an extended reduction of value added tax (VAT) from 10 per cent to 8 per cent until the end of June.

Industry & Trade

Reviving nuclear power programme believed a correct policy

09:09 | 02/12/2024 Energy

HÀ NỘI — Many experts in the field of nuclear energy believe that reviving the development of nuclear power is a correct policy.

Viet Nam to restart Ninh Thuan nuclear power project

20:27 | 01/12/2024 Energy

The National Assembly approved the Government's proposal to restart the Ninh Thuan nuclear power project at its 8th working session on November 30.

Wood industry aims at US$16 billion in export earnings this year

20:16 | 01/12/2024 Industry

The wood industry of Vietnam is likely to rake in US$16 billion from exports this year, far exceeding the initial target of US$14.2 billion set by the Ministry of Agriculture and Rural Development.

Ministry proposes incentives for automobile industry to be extended to the end of 2027

16:27 | 30/11/2024 Industry

HÀ NỘI — The Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended to December 31, 2027 instead of the end of this year to promote the development of the domestic automobile industry.

Investment

Chinese media highlights Vietnam as attractive investment destination in 2025

16:38 | 03/12/2024 Investment

Vietnam's readiness to receive semiconductor investment

18:07 | 01/12/2024 Investment

Nghệ An approves US$590 million fabric factory investment from Singapore

16:01 | 29/11/2024 Investment

The factory will begin trial operations in the second quarter of 2028 and is expected to provide jobs for 15,000 locals.

Ha Nam grants investment license worth more than 2.6 trillion VND for Thanh Binh II Industrial Park project

09:28 | 29/11/2024 Investment

Finance-Banking

Central bank increases credit growth limit for banks for second time this year

18:43 | 30/11/2024 Finance-Banking

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

PM orders strengthening 2024 credit management

17:31 | 28/11/2024 Finance-Banking

Prime Minister Pham Minh Chinh on November 27 ordered the Governor of the State Bank of Vietnam (SBV) to outline solutions aimed at improving credit management for 2024 in the face of evolving global economic challenges.

Bac Ninh Province meets business needs for year-end loans

17:02 | 26/11/2024 Finance-Banking

(VEN) - To ensure the sufficiency of loans for manufacturing businesses toward year’s end, many credit institutions in Bac Ninh Province have launched new credit packages with preferential interest rates.

Promoting credit for key agricultural sectors in Mekong Delta

11:11 | 25/11/2024 Finance-Banking

The Mekong Delta contributes 95% of Vietnam’s rice exports and accounts for 60% of the country’s total seafood export value. Recently, fruit exports have shown strong growth, with various fruits entering new markets. However, numerous credit-related obstacles are creating challenges regarding agricultural production loans in the region.

Environment

Việt Nam rattled by 458 earthquakes in 11 months

14:47 | 03/12/2024 Environment

HÀ NỘI — Việt Nam has experienced a significant increase in seismic activity this year, with hundreds of small earthquakes reported across the country.

Hà Nội determined to revive its polluted rivers

10:31 | 03/12/2024 Environment

HÀ NỘI — After a long delay period, with strong political commitment and leadership from municipal leaders, the Yên Xá wastewater treatment system in Hà Nội has now begun trial operation.

Vietnam seeks stronger cooperation in hydrometeorological forecasting with Japan

10:23 | 03/12/2024 Environment

Hanoi – Deputy Prime Minister Tran Hong Ha, while receiving a delegation of Japanese experts operating in hydrometeorological forecasting in Hanoi on December 2, suggested the Japanese side implement more specific cooperation projects in this field, laying a foundation for the two governments to propose cooperation priorities in the coming time.

Releasing buoys to protect coral reefs in Cát Bà National Park

15:05 | 02/12/2024 Environment

HẢI PHÒNG – Most coral reef conservation areas in Cát Bà Archipelago, located within the Cát Bà National Park in Hải Phòng City, lack an adequate mooring buoy system.

Science - Technology

Empowering Vietnamese firms with digital transformation

11:31 | 03/12/2024 Science - Technology

In response to the growing demand of digital transformation and smart production, the Ministry of Industry and Trade has implemented harmonious measures to support domestic businesses in navigating the fourth industrial revolution.

PM urges rapid technology mastery in renewable energy development

11:02 | 02/12/2024 Science - Technology

Prime Minister Pham Minh Chinh on December 1 asked the Vietnam Oil and Gas Group (Petrovietnam) to accelerate technology transfer for wind turbine and blade production by 2026, ultimately achieving full technology mastery for offshore wind energy development.

Bulgarian President invites VinFast to invest in electric vehicle production

See also

See more news

Multimedia