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Thaco opens luxury car plant in Quang Nam By Le Hoang A Peugeot car is seen at Thaco luxury car plant. Thaco has put into operation the Thaco luxury car plant at the Chu Lai Open Economic Zone in the central province of Quang Nam - PHOTO: THACO HCMC – Truong Hai Auto Corporation (Thaco) on May 5 put into operation the Thaco luxury car plant and launched a Peugeot Traveller model at the Chu Lai Open Economic Zone in the central province of Quang Nam. The facility, receiving total funding of VND4.5 trillion, covers an area of 7.5 hectares and has a designed capacity of 20,000 cars per year. The Thaco luxury car plant has a modern production chain and the latest technology meeting the technical requirements of French auto manufacturer PSA Group. The investor noted that the vehicles manufactured by the plant will undergo strict checks and inspections through a quality monitoring system connected directly with Peugeot in France prior to being rolled out on the market, … [Read more...] about Thaco opens luxury car plant in Quang Nam

Luxury British sports car enters Vietnam By Hung Le Guests have a look at an Aston Martin sports car at the launching event in HCMC on March 16 – PHOTO: HUNG LE HCMC - Aston Martin - the iconic luxury British sports car brand - made its debut in the Vietnamese market today, March 16, marking a new milestone for the luxury sports car segment in Vietnam. The Aston Martin is being displayed at a showroom in the Deutsche Haus building on Le Duan Blvd in HCMC’s District 1. Phan Manh Ha, general manager of CT-Wearnes Vietnam, the official Aston Martin authorized dealer in Vietnam, said at the launching that there is a rising demand for luxury cars in Vietnam, not only for collecting, but for daily commuting. “It’s time for Aston Martin, the iconic British sports cars brand, to set its footprint on the local market,” Ha said. According to High Net Worth Handbook 2019 of Wealth-X, Vietnam is expected to join the top four rankings of fastest-growing high net worth … [Read more...] about Luxury British sports car enters Vietnam

Who are the owners of luxury apartments in District 1? A view of The Grand Manhattan, a luxury apartment project in downtown HCMC The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own. From international investors Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.” As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an emerging … [Read more...] about Who are the owners of luxury apartments in District 1?

Hertz enters vehicle rental market in Vietnam By Hung Le Representatives of Hertz Corporation and New City Rent A Car cut the ribbon to launch the vehicle rental service in HCMC on August 28 – PHOTO: LE HOANG HCMC - Hertz Corporation on August 28 announced its new franchise partner in Vietnam, making its first foray into the vehicle rental market through the local company New City Rent A Car. The 100+-year-old brand, through its local partner, will offer Hertz, Dollar and Thrifty services, which is available in HCMC now and in Hanoi later this year. Customers seeking short- and long-term car rentals will have a variety of choices from a wide range of luxury SUVs and sedans to car rental services, such as the Hertz Chauffeur Drive service, a door-to-door professional driver service that is convenient for airport and city transfers, providing a half-day or full-day service. Eoin MacNeill, vice president of the Asia Pacific region, noted that this is the right time … [Read more...] about Hertz enters vehicle rental market in Vietnam

Tourists enjoy riding basket boats in Cẩm Thanh water coconut village. Prime Minister Nguyễn Xuân Phúc yesterday affirmed the Government’s commitment to create smooth conditions for investors and ensure that investors benefit when investing in Việt Nam. — VNA/VNS Photo Trần Lê Lâm Viet Nam News QUẢNG NAM — Prime Minister Nguyễn Xuân Phúc yesterday affirmed the Government’s commitment to create smooth conditions for investors and ensure that investors benefit when investing in Việt Nam. He made the statement while attending the inauguration ceremonies yesterday of two key projects in Quảng Nam Province – the Nam Hội An Integrated Resort Project, invested by VinaCapital and Gold Yield Enterprises Corporations, and the expansion of the Trường Hải-Chu Lai Mechanical Automobile Industrial Zone. Prime Minister Phúc praised the efforts made by the province and investors in starting the construction of these two key projects. “It’s big scale and strategic investment projects in … [Read more...] about Quảng Nam starts two key projects for development