Thaco

The two countries affirmed the cooperation in political trust, defense security, economic ties, and education and training.

The Vietnamese company plans to export more semi-trailers to the US market annually.

Emart expects the strategic alliance with Thaco will boost the growth and profitability of the South Korean retailer in Vietnam.

Dialogue 2045 aims to realize the country’s desire for prosperity by 2045 as set out in the Resolution of the 13th National Party Congress.

Vietnam’s rising income per capita would soon move cars from a luxury product with a passenger vehicle density of 34 per 1,000 to a more ordinary one with a density level comparable to countries in the region.

Car sales in Vietnam in 2020 dropped 8% year-on-year to 296,634 units across all segments.

With more Vietnamese national brands, the country would be nearer to the goal of prosperity, Prime Minister Nguyen Xuan Phuc has said.

The figure marked the first decline in car sales in four months, following month-on-month increases of 0.3% in July, 26.4% in June and 103% in May.

Car sales number in Vietnam in the first seven months of this year dropped 28% year-on-year to 131,248 units across all segments.

What companies in the supporting industries need most at the moment is the connection with customers, said an official of the Vietnam Association for Supporting Industry.