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Between 2003 and 2006, the automobile sales tax increased from 5% to 50%, slowing down car sales. [3] The Vietnamese car market is relatively small, albeit the fastest growing in Southeast Asia. [4] Most automobile manufacturers in Vietnam are members of the (non-governmental) Vietnam Automobile Manufacturers' Association (VAMA). [5]
In November of that same year, the Global Anti-Scam Alliance (GASA) released a report about scams in Asian nations, including Vietnam. [74] The authors of this report are ChongLuaDao, Gogolook, and GASA. The report's contents indicate that ChongLuaDao is a significant partner in the data collection process about scams in Vietnam. [75]
Truong Hai Group Corporation (THACO), (Vietnamese: Công ty cổ phần tập đoàn Trường Hải) is a Vietnamese automobile manufacturer in. The company is a member of the Vietnam Automobile Manufacturers Association (VAMA). It was founded in 1997 and is considered one of the pioneers of the Vietnamese auto industry. [2]
The automaker's ambitions dovetail with communist-ruled Vietnam's plan to make the auto industry a backbone of the economy: its tree-lined EV factory was built in less than two years by reclaiming ...
The trial in Vietnam's largest financial fraud case on record began on Tuesday, with nearly 90 defendants accused of being part of a $12 billion scam, for which some of them risk the death penalty.
HANOI (Reuters) -Vietnamese prosecutors called on Tuesday for the death penalty to be handed to Truong My Lan, the mastermind of the Southeast Asian nation's largest financial fraud on record ...
General Motors Vietnam Company, Ltd. (formerly Vietnam-Daewoo Motor Company Limited or VIDAMCO) was an automobile manufacturer based in Vietnam and a member of GM Southeast Asia Operations. The company was officially established in December 1993 as a joint-venture between the Korean Daewoo and the 7983 Mechanic Union Enterprise that was owned ...
While Nvidia CEO Jensen Huang made major waves at this year’s CES, it was the auto industry that stole the show.From new concept cars, self-driving trucks, next-gen infotainment, and even flying ...