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  • Mercedes-Benz Vietnam Clarifies Controversial Statement in Singer’s Car Fire Incident

    Mercedes-Benz Vietnam Clarifies Controversial Statement in Singer’s Car Fire Incident

    Luxury automaker addresses claims stemming from a controversial incident involving a customer’s vehicle

    Mercedes-Benz is taking a proactive stance in response to recent allegations concerning an incident involving a customer’s S 450 L that caught fire. The luxury brand has clarified that statements attributed to a dealership employee are not representative of its official position, amidst growing consumer scrutiny.

    Incident Overview

    The situation unfolded when Vietnamese singer Duy Manh reported that his 2020 Mercedes-Benz S 450 L, valued at over VND 5 billion (approximately US$192,570), ignited while parked at an apartment complex in 2023. At the time of the fire, the vehicle was not in operation, prompting the apartment’s security team to forcibly open the hood to extinguish the flames.

    Ultimately, the property insurance provider compensated Duy Manh to the tune of VND 2.9 billion after the incident. There has been significant media attention surrounding the cause of the fire, with initial assertions from Mercedes-Benz suggesting rodent activity was to blame.

    Clarity Amid Confusion

    While Mercedes-Benz cited evidence of rodent droppings and debris found in the vehicle, a police investigation has determined that an electrical short circuit triggered the fire. This conflicting information has led Duy Manh to question the dealership’s liability should the flames have spread to the apartment complex.

    In an exchange that escalated tensions, a dealership representative reportedly stated that “the rat” would be responsible for any broader consequences, leading Duy Manh to pursue legal action following unsuccessful mediation attempts.

    Mercedes-Benz has since emphasized that a joint inspection, which included experts both from Vietnam and abroad, indicated that the damage was not due to a technical flaw but rather attributed to rodent interference.

    Brand’s Ongoing Commitment

    As the legal proceedings continue, a spokesperson for Mercedes-Benz indicated that the company is unable to provide further comment due to the ongoing nature of the case. However, they are committed to maintaining transparency and accountability, reinforcing their dedication to consumer safety.

    Duy Manh, also known as Nguyen Duy Manh, has a notable career in Vietnam’s music scene. After graduating from the HCMC Conservatory of Music, he gained prominence in 2004 and now works across various venues, specializing in compositions as well as performances.

    The Broader Implications

    This incident raises pertinent questions about the responsibilities of luxury brands in product safety and consumer communication. As each step unfolds in this case, it serves as a crucial reminder for car manufacturers to uphold stringent quality controls while also being responsive to consumer concerns.

    Questions & Answers

    1. What sparked the controversy involving the Mercedes-Benz S 450 L? The controversy began when Duy Manh reported that his car caught fire while parked, leading to debates over the cause attributed to either rodent activity or an electrical short circuit.
    2. How did Mercedes-Benz respond to the allegations? Mercedes-Benz clarified that statements made by a dealership employee were unauthorized and that a joint inspection revealed rodent activity as the cause of the damage, not a manufacturing defect.
    3. What are the potential implications for Mercedes-Benz in the retail sector? The ongoing legal case highlights the importance of transparent communication and accountability in the luxury automotive sector, which could affect consumer trust and brand reputation moving forward.
  • Trial Delayed in Duy Manh’s Lawsuit Against Mercedes-Benz Vietnam Over Fire

    Trial Delayed in Duy Manh’s Lawsuit Against Mercedes-Benz Vietnam Over Fire

    Legal Proceedings Delayed for Duy Manh vs. Mercedes-Benz Amid Controversial Fire Incident

    In a notable turn of events, the Go Vap District People’s Court in Ho Chi Minh City has postponed a hearing involving renowned singer Duy Manh and automotive giant Mercedes-Benz. The postponement comes at the request of Mercedes, though the company has not publicly clarified the reason behind this delay.

    Incident Overview: A Seductive Sedan Turns to Ashes

    On February 15, 2023, a devastating fire engulfed a luxury sedan owned by Duy Manh while it was parked in an apartment complex in Ho Chi Minh City. The celebrated singer purchased the vehicle for over 5 billion VND in 2020. In the aftermath, the police concluded that the fire stemmed from “an electrical short circuit.” The incident led to the insurance company compensating Duy Manh with 2.9 billion VND.

    Conflicting Reports: Insurance Company vs. Manufacturer Response

    However, Mercedes-Benz technicians later examined the vehicle and attributed the fire to “rodent activity.” They cited the discovery of rat droppings and debris within the car as evidence. This explanation has drawn skepticism from Duy Manh, who labeled it “unreasonable.” He pointed out that the photographs provided by the technicians showing the rodent droppings were taken 45 days post-incident, during which the car sat at an outdoor parking lot where rats could easily access it.

    Legal Action: Duy Manh Seeks Accountability

    Feeling dissatisfied with Mercedes’ response, Duy Manh has initiated legal proceedings, seeking 2.5 billion VND from the company—the remaining value of the car, which was lost during the warranty period. He emphasized, “I’m not focused on the money; I just want a satisfactory explanation.”

    In contrast, Mercedes-Benz maintains that, due to the payment from the insurance provider, Duy Manh is ineligible to pursue further compensation from the automotive manufacturer. The company asserts that their findings were corroborated by representatives from Duy Manh’s insurance during their examination of the vehicle.

    Artist Profile: Duy Manh’s Journey

    Duy Manh, 50, originally from Hai Phong in northern Vietnam, boasts an impressive musical career. A graduate of the Ho Chi Minh City Conservatory of Music, he began performing in cafes and small venues in 1998. Rising to prominence in 2004 with multiple hit songs, he continues to compose, produce, and perform, showcasing his talent at various bars and pubs across Vietnam.

    Looking Ahead: Implications for Consumers and the Retail Sector

    This high-profile case not only highlights consumer trends in the automotive sector but also underscores the importance of manufacturer accountability in product safety. As legal proceedings unfold, it remains to be seen how this situation will influence consumer trust and brand reputation in the retail industry.

  • VinFast Anticipates 2024 Sales Surge, Aiming for Double Deliveries by 2025

    VinFast Anticipates 2024 Sales Surge, Aiming for Double Deliveries by 2025

    VinFast Sees Strong Revenue Growth Amid Global Market Challenges

    Company Reports Significant Increases in Deliveries and Revenue

    VinFast, the Vietnamese electric vehicle (EV) manufacturer, has demonstrated impressive revenue growth in its unaudited financial statements for Q4 and the full year of 2024, despite facing uncertainties in the global market. The company posted a remarkable quarterly revenue of VND 16.5 trillion (approximately US$678 million), marking a 70% increase compared to the previous year. Total revenue for 2024 reached VND 44 trillion, a 58% year-on-year growth.

    Surge in Electric Vehicle Deliveries

    In an outstanding performance, VinFast delivered over 53,000 EVs in Q4 alone, a staggering 143% increase from Q3 and more than 20 times higher than the same period last year. The total number of vehicles delivered throughout 2024 approached 97,400 units, representing a 192% surge over 2023. Moreover, the company’s electric motorcycle sales remained robust, with nearly 71,000 units sold during the year.

    Robust Financial Backing from Parent Group Vingroup

    VinFast continues to benefit from strong financial support from its parent company, Vingroup, and founder Pham Nhat Vuong. As of the end of Q1 2025, Vuong has infused $411 million in non-refundable assistance as part of a larger $2.1 billion commitment. Additionally, Vingroup has pledged up to $1.4 billion in further funding to support VinFast’s growth trajectory.

    Strategic Expansion into International Markets

    VinFast is aggressively expanding its presence in international markets. In Indonesia, the company exported nearly 2,500 vehicles in Q1 2025 and established 22 dealerships. The Philippines has also welcomed five model offerings, following the successful launch of the VF 6, with plans to expand to 60 stores across the country.

    In North America, VinFast has transitioned from a direct-to-consumer model to a dealer-based sales approach, successfully setting up 38 dealerships across 16 U.S. states. In Europe, deliveries of the VF 6 have commenced, and the company is ramping up its distribution network.

    Innovations in Domestic Market Offerings

    On the domestic front, VinFast has introduced a new “Green” EV lineup designed for transport services, with plans to initiate deliveries for two models in Q2 and two additional models by August. This move aligns with the company’s commitment to enhancing sustainable mobility solutions.

    Commitment to Growing Market Share in 2025

    Looking ahead, VinFast aims to double its global vehicle deliveries in 2025, focusing on flexibility in its strategies while reinforcing its dedication to green mobility initiatives.

    As consumer trends continue to gravitate towards sustainable mobility, VinFast’s aggressive expansion and innovative offerings not only signify the company’s resilience but may also reshape the retail landscape in the automotive sector. This strategic growth could potentially enhance consumer options and accelerate the transition to electric vehicles globally.

  • Italian motorbike brand Ducati to shut down only northern Vietnam store

    Italian motorbike brand Ducati to shut down only northern Vietnam store

    Ducati Vietnam will close its Hanoi showroom – the only one serving northern Vietnam – on Tuesday, citing market challenges.
    While the Hanoi dealership would cease operations, Ducati would continue to offer maintenance and repair services in the city, a Ducati Vietnam representative said.

    The closure decision stemmed from the lower-than-expected performance of the northern dealership.

    Although specific sales figures remain undisclosed, the representative indicated that the bulk of Ducati sales originate from customers in southern Vietnam.

    The representative acknowledged this move “would make it difficult for northern customers wanting to learn about and experience Ducati bikes.”

    The Hanoi showroom has been operating for nearly four years.

    Ducati currently offers nine models in Vietnam in a range of categories including scrambler, naked bike, sport, and adventure, all imported from Thailand.

    The importer and distributor for Ducati in Vietnam is CT-Wearnes Vietnam, a subsidiary of Singapore-based Wearnes Automotive.

    CT-Wearnes also distributes luxury car brands Bentley and Aston Martin in the country.

    In the motorcycle sector, CT-Wearnes previously handled distribution for India’s Royal Enfield from September 2022 but ceased operations for that brand exactly two years later, in September 2024, due to low sales volume.

    The closure occurs against a backdrop of a struggling market for large-displacement motorcycles (over 175cc) in Vietnam.

    Unlike the scooter segment, official sales data for these motorcycles is not regularly published. All such motorcycles sold locally are imported, primarily from Thailand.

    A sales manager at an official motorcycle dealership in HCMC highlighted a sharp decline in demand over the past two years, estimating that overall motorbike sales fell by approximately 30% in 2024 compared to 2023.

    “The enthusiasm for large bikes has cooled down due to economic difficulties as well as stricter government regulations on modifications and upgrades,” the manager said.

    “Motorbike dealerships all have to cut costs to make a profit.”

    Despite the downturn, Vietnam’s motorcycle market features most major global manufacturers.

    Competitors include Japanese brands like Honda and Yamaha, and Italian producers such as Ducati, Aprilia, and Moto Guzzi. There are also products from the U.K.’s Triumph, and Germany’s BMW Motorrad.

    Currently, Al Naboodah International Vietnam holds the distribution rights for the largest number of motorcycle brands, including Harley-Davidson, Triumph, KTM, and Husqvarna.

  • Honda unveils first made-in-Vietnam electric scooter

    Honda unveils first made-in-Vietnam electric scooter

    Honda has launched its first electric scooter produced in Vietnam, the ICON e:, after years of dominating the gasoline-powered motorbike segment.

    The bike was introduced to the media on Thursday and will hit the market early next month, when its prices will be revealed.

    Last year the Japanese giant had said the ICON e: would be sold for under VND30 million (US$1,170), not including the price of the battery pack.

    With its main target customers being students, it has an LCD screen, a 26-liter trunk and a USB charger since.

    Honda said the bike could travel 50 kilometers on a single charge. Its 1.3-kilogram battery is removable and can be charged separately within 7.5 hours.

    Its maximum speed of 49 kilometers per hour means it can be ridden by people without a driving license.

    Honda’s new offering is set to intensify competition in the electric two-wheeler market where VinFast, Yadea, Pega, Dat Bike, and Selex are offering a variety of products, mostly targeting young customers.

    Honda first entered Vietnam in 1996, and its slow and steady development strategy means it now accounts for 70-80% of the motorbike market.

  • Volvo ES90 Electric Sedan Unveiled

    Volvo ES90 Electric Sedan Unveiled

    Volvo has unveiled its first all-electric sedan, the ES90 for the global market. Built on the carmaker’s SPA2 platform, the ES90 is the sixth all-electric model in Volvo’s portfolio after the EX90, EM90, EX40, EC40 and EX30. The carmaker has stated that the ES90 will initially go on sale in European markets in the coming months with other markets to follow.

    Visually, the ES90’s design is in line with the rest of Volvo’s EV lineup, borrowing many elements. The front end of the EV gets headlamps that are similar to the likes of the EX30 with Volvo’s signature ‘Thor’s Hammer’ LED daytime running lamps. Below the headlamp clusters sit vertical fog lamps on both ends, with a rectangular air dam in between.

    In profile, the ES90 sports a prominent shoulder line, with creases around the wheel arches and towards the lower half of the doors. Being a liftback, the ES90 has a short rear overhang while the roofline flows into the short rear deck. The rear end of the ES90 gets C-shaped tail lamps, similar to the units on previous Volvo sedans. The boot space of the EV amounts to 424 litres, and the EV also gets a 22-litre frunk.

    On the inside, the interior layout of the EV is largely similar to that of the EX30 and EX90 and is headlined by a large 14.5-inch portrait-oriented central infotainment touchscreen. The infotainment system gets Google built-in, which includes services such as Google Maps, Google Assistant and more apps on Google Play. The cabin also has ambient lighting, with six themes, and gets a panoramic glass roof. Buyers can also option an electrochromic glass roof where you can adjust the transparency of the glass. The ES90 can also be had with a 25-speaker Bowers & Wilkins sound system.

    The ES90 is offered with three powertrain options – single-motor (338 bhp, 480 Nm), twin-motor (455 bhp, 670 Nm), and twin-motor Performance (690 bhp, 870 Nm). While top speed is identical across all three variants (180 kmph), 0 to 100 kmph times are 6.9 seconds (single-motor), 5 seconds (twin-motor), and 4 seconds (twin-motor performance) respectively.

    The single-motor variant of the sedan will feature a 92 kWh battery pack that delivers a range of up to 650 km. The twin-motor variants of the ES90, on the other hand,  will come equipped with a 106 kWh battery pack and have a WLTP figure of up to 700 km. Volvo says that the new sedan will be its fastest-charging EV to date with the 800V electrical architecture allowing for DC fast charging at rates of up to 350 kW – up from the EX90’s 250 kW. The company says this will allow users to juice up the battery from 10-80 per cent in as little as 20 minutes, up to 30 per cent faster than all other Volvo EVs currently on sale.

  • Thailand’s car production in 2024 drops to four-year low

    Thailand’s car production in 2024 dropped 20% from the previous year to a four-year low, owing to weaker domestic sales and exports, the Federation of Thai Industries (FTI) said.

    Car output dropped to 1.47 million units from 1.83 million in 2023. Production on a year-on-year basis contracted for the 17th successive month in December, falling 17.4% to 104,878 units, according to the FTI.

    Domestic sales fell 26.2% to the lowest level in 15 years, at 572,675 units, due to weaker demand as banks have tightened auto loan rules amid high household debt, said Surapong Paisitpattanapong, spokesperson for the FTI’s automotive industry club.

    Car exports last year fell 8.8% to 1 million units, due to geopolitical issues, competition from EVs and strict carbon emission measures in several countries, he added.

    This year, car production is projected at 1.5 million units, of which 1 million will be for export and the rest for the local market. The improvement will be supported by higher production of electric vehicles required under a state incentives scheme, and an expected rise in sales following government stimulus measures.

    Thailand is Southeast Asia’s biggest auto production center and an export base for some of the world’s top carmakers, including Toyota and Honda.

    Earlier this month, a luxury car importer reported that domestic sales of luxury cars in Thailand were estimated at 30,000 in 2024, down 25% from 40,000 the year before, as prospective buyers have been unable to avoid the impact of the sluggish economy.

  • Czech’s top automaker Skoda to complete Vietnam factory this quarter

    Czech’s top automaker Skoda to complete Vietnam factory this quarter

    Czech’s biggest automaker Skoda is set to complete its $500 million factory in northern Vietnam, its first in Southeast Asia, by the end of March.

    The company plans to launch two locally assembled models this year after the completion of the plant, which it develops with Thanh Cong – a local distributor of Hyundai cars, according to the Vietnam Government Portal.

    The plant, located in the northern province of Quang Ninh, has a capacity of 120,000 vehicles a year.

    Its chairman Klaus Zellmer told Prime Minister Pham Minh Chinh Sunday that the Vietnam factory is an important milestone in the company’s expansion strategy in Southeast Asia.

    The PM requested the company to accelerate its research and development of electric vehicles in the country and increase its localization rates as part of a technology transfer effort.

    He said that the Vietnamese government would offer incentives to investors who meet requirements related to technology transfer, increasing scientific and technological content, and helping Vietnamese businesses participate deeper the supply chain.

    Skoda chairman Klaus Zellmer affirmed the company’s commitment to long-term investment in Vietnam.

    He promised to pump up the current localization rate of 40%.

    He considers Vietnam a strategic gateway to access the rest of the Southeast Asian market. The country has potential to become a production and export hub for Skoda vehicles to other countries.

    He expressed hope that the Vietnamese government would continue to support and provide favorable policies for businesses.

    Skoda said earlier that it saw the region’s potential when it started exporting completely-built units to Vietnam in 2023.

    “We realized Skoda has a future in Vietnam and Asia,” chief marketing officer Vu Manh Cuong said previously in an interview.

    He added: “It takes time to show [cars] to the customer, for people to try the product, feel it out.”

  • Porsche Breaks Records in Switzerland

    Porsche Breaks Records in Switzerland

    Porsche set a new benchmark in Switzerland in 2024 with 5,042 new registrations, representing a 10.5 percent increase compared to the previous year. The brand also saw significant growth in electrified vehicles.

    Against the backdrop of an overall market decline in 2024, Porsche closed the year with a record performance in Switzerland and Liechtenstein, registering 5,042 vehicles—a 10.5 percent rise compared to 2023.

    Electrified vehicles (battery electric and plug-in hybrids) accounted for 31.2 percent of all Porsche registrations, also outpacing the market average of 28 percent. This translates to 1,574 vehicles—a 55.2 percent increase from the previous year.

    The all-electric Porsche Macan, introduced in 2024, set new standards for electric SUVs and contributed to a 36 percent growth in Porsche’s BEV segment.

    The Porsche Macan remained the best-selling model in Switzerland with 1,854 registrations, a 15.6 percent year-on-year increase. From September to December, 457 of these registrations were for the all-electric Macan.

    The iconic Porsche 911 saw 1,275 registrations in 2024, maintaining its status as a favorite among enthusiasts. Innovations such as the road-approved 911 GTS with its lightweight T-Hybrid system and the exclusive 911 GT3 RS Tribute to Jo Siffert enhanced the model’s appeal.

    Porsche continues to grow in a dynamic Swiss market,» said Holger Gerrmann, CEO of Porsche Schweiz AG. «With the youngest and most diverse product portfolio in our history, we are ideally positioned for the future, offering unmatched driving performance across various propulsion systems.

  • Chinese EV firm Skyworth begins selling cars in Singapore

    Chinese EV firm Skyworth begins selling cars in Singapore

    Chinese EV maker Skyworth Auto has started selling its cars in Singapore, opening its first showroom there on Tuesday.

    The 185-square-meter showroom features the first Skyworth model in the country, K, an SUV designed for family comfort with a travel range of nearly 490 kilometers per charge.

    The car is priced at around $135,000 and is believed to be a competitor to the Toyota Harrier hybrid, which costs around $183,000.

    In June, Skyworth Auto plans to launch an electric crossover in Singapore. It also wants to start selling an electric van in the last quarter of the year.

    The Nanjing-based company produced its first EV in 2017. It also produces buses through a subsidiary.

  • Thailand’s luxury auto sales drop 25% in 2024

    Thailand’s luxury auto sales drop 25% in 2024

    Luxury auto sales in Thailand plunged 25% to 30,000 units last year as a struggling economy hurt buyers.

    The slow economic expansion rate (projected to be 2.4-2.7%) and banks’ tighter criteria for auto loans have resulted in a negative impact across the the automotive industry, said Teeraphong Rodloy, country manager of Wearnes Automotive Thailand.

    “Overall sales in the luxury car segment were affected by these economic circumstances,” he said.

    Wearnes Automotive Thailand, the importer of British sports car maker Lotus Cars, said that prospective buyers have been affected by the impact of the sluggish economy.

    The slowdown extended beyond luxury vehicles. Pickups was among the segments with steepest declines.

    In the first 10 months last year sales of pickups dropped 39.5% to 137,456 units, according to the Federation of Thai Industries.

    Sales hit the lowest in 23 years, said Ratthakarn Jutasen, managing director of Ford Thailand.

  • Indonesia offers 3% tax incentive to hybrid car makers

    Indonesia offers 3% tax incentive to hybrid car makers

    Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.

    Minister of Industry (Menperin) Agus Gumiwang Kartasasmita said at a press conference on December 16 that the Indonesian government asks hybrid car makers to register their hybrid car models with the government to get the PPnBM incentive.

    To provide the sales tax incentive for hybrid motor vehicles, the cabinet estimates a budget requirement of IDR840 billion (US$52.5 million). Agus stated that under Regulation No. 36 of 2021 concerning low-carbon four-wheeled vehicles, the government mandates a local component value (TKDN) for hybrid car manufacturers participating in the programme.

    In addition to hybrid vehicles, the government offers several incentives, including a 10% reduction in value-added tax (VAT) on imported fully built battery-operated vehicles (including passenger and electric cars, and electric buses) with a local content (TKDN) rate of 40%, and 5% for electric buses with a TKDN rate of 20-40%.

    There is also a 15% sales tax on fully imported or completely knocked-down vehicles and a 0% import tax on fully built battery-operated vehicles. A 100% sales tax exemption applies to certain electric vehicles imported as fully built or completely knocked down. The total budget needed for these incentives is estimated at around IDR2.52 trillion ($157.4 million).

  • Vietnam needs $14B to develop EV charging stations

    Vietnam needs $14B to develop EV charging stations

    Vietnam will need nearly US$14 billion to develop a network of charging stations to develop a green transport system, said insiders.

    This is expected to reduce greenhouse gas emissions, and create great tremendous opportunities for the electric vehicles (EV) market.The transition to EVs is a huge effort toward Vietnam’s net zero goal and environmental protection, and it will also boost the national economy, especially in reducing oil import costs and creating millions of jobs.

    According to a report from the World Bank, for EVs to become mainstream, especially among first-time car buyers, the charging station system plays a key role. It is estimated that Vietnam needs $2.2 billion by 2030 to build a network of public charging stations, and this figure will increase to $13.9 billion by 2040, and $32.6 billion by 2050 to meet most of the population’s EV demand.

    With the rapid development of EV technology and the trend towards green transportation, the demand for this type of vehicles is expected to increase strongly in the near future. It is predicted that more than 2.8 million EVs will be consumed from 2024 to 2035, and another 3 million in the 2036 – 2050 period if the development of the charging station network is accelerated.

    Major manufacturers such as VinFast have pioneered in this field, not only investing themselves but also implementing the franchise model that enables businesses and people to participate in developing the charging network. This model helps promote not only the use of EVs but also the sustainability of the EV industry in Vietnam.

    Public-private partnership models are also evaluated as a key for luring investment in charging stations. Electricity companies, fuel distributors, and specialized charging service providers can also contribute to the scheme.

    Insiders said to further promote the scheme, the Vietnamese Government needs to have favorable and clear policies that facilitate the engagement of the private sector. This can be achieved through financial and non-financial incentives and the formation of a clear roadmap for EV adoption with strict technical standards for charging infrastructure.

    International studies have shown that subsidies for developing charging infrastructure are 5-6 times more effective than subsidies for purchasing EVs. This demonstrates that if the Government focuses on building charging stations, Vietnam can accelerate the transition to EVs while reducing the dependence on fossil fuel energy sources.

    Assoc. Prof. Dr. Dam Hoang Phuc from Hanoi University of Science and Technology said a clear mechanism will attract investors, thereby driving the development of Vietnam’s charging station network.

    Meanwhile, Nguyen Thi Phuong Hien, Deputy Director of the Institute of Transport Strategy and Development, said strong policies on energy transition are now available, but there is still a shortage of support policies for charging infrastructure development. Given this, investing in charging stations is an essential step for the Government to effectively boost the transition to EVs and green transport.

  • Bridgestone Vietnam inaugurates 11th ‘Bridge of Knowledge’ in Cao Bang

    Bridgestone Vietnam inaugurates 11th ‘Bridge of Knowledge’ in Cao Bang

    Bridgestone Vietnam recently inaugurated the Noc Soa 2 Bridge in Cao Bang Province, providing safer school access for 40 children and restoring transportation infrastructure for 51 households impacted by Typhoon Yagi.

    The bridge, measuring 25 meters in length and over 3 meters in width, with a load capacity of 6 tons, addresses longstanding challenges in Noc Soa Hamlet. For years, nearly 330 residents relied on makeshift bridges for daily travel. These temporary structures were often swept away during the rainy season, isolating communities, disrupting transportation, and preventing children from attending school.

    Bridgestone Vietnam collaborated with E-X-PRO Advertising Co., Ltd., and local authorities to construct the bridge, prioritizing technical standards and resilience. Enhancements included reinforced embankments to prevent erosion and expanded bridge wings to reduce the impact of flooding.

    “I find this new bridge very beautiful and I’m very happy. With this bridge, I’m no longer afraid of falling on my way to school. During storms and floods, I won’t be scared when going to school anymore.” shared a student from Ca Thanh Commune.

    Dang Van Kinh, Deputy Chairman of the Commune People’s Committee of Ca Thanh Commune, expressed gratitude for the new bridge, noting that it fulfills a long-standing community need. He highlighted the bridge’s role in ensuring safer travel, particularly during the rainy season, and its potential to reduce transportation costs for farmers, thereby supporting local livelihoods.

    Naoki Inutsuka, General Director of Bridgestone Tire Sales Vietnam LLC, remarked on the timely completion of the Noc Soa 2 Bridge as part of the company’s “Bridges of Knowledge” project. He emphasized the bridge’s contributions to local economic recovery, agricultural development, and safer school access for children.

    “We hope this bridge will provide the community with improved opportunities and safety, reflecting our mission of ‘Serving society with superior quality,’” said Inutsuka.

    The “Bridge of Knowledge” initiative reflects Bridgestone’s commitment to fostering sustainable development and enhancing mobility in disadvantaged areas. The project aligns with the company’s E8 Commitment, which focuses on empowerment, access, and comfort for all.

    Bridgestone, a global leader in the tire and rubber industry, operates in Vietnam through Bridgestone Tire Sales Vietnam LLC and Bridgestone Tire Manufacturing Vietnam LLC. The company offers a diverse range of products and services, prioritizing safety, sustainability, and innovation to enhance mobility and quality of life.

  • Thailand loosen EV production regulations

    Thailand loosen EV production regulations

    Thailand’s Board of Investment (BoI) has announced that the government would extend deadlines for electric vehicle (EV) manufacturers to meet domestic production quotas, addressing weak local market demand.

    Under the current EV 3.0 incentive program, manufacturers must produce one locally assembled EV for every imported EV or a 1:1 ratio.

    Companies failing to meet this quota in 2024 will face a stricter 1.5:1 production-to-import ratio by 2025.

    The policy aims to encourage automakers to establish EV assembly plants in Thailand, which has attracted EV-related investments totaling 80 billion THB ($2.3 billion).

    To further support the struggling auto industry, the government will extend domestic EV production requirements to the end of 2027. This move comes as Thailand grapples with stagnant market conditions caused by slow economic growth and tight credit policies.

    The Federation of Thai Industries (FTI) recently revised its 2024 automobile production forecast down to 1.5 million units, the lowest since 2021, citing weak domestic demand.

    During January and October, total car sales in Thailand dropped 26.2% year-on-year to 476,350 units, with pickup truck sales plunging 43%.

    The decline is attributed to stricter auto loan regulations amid concerns over rising non-performing loans and Thailand’s high household debt.