Tuesday , January 21 2025

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Toyota Vietnam suspends MPV Avanza shipment over safety test scam

Toyota Vietnam suspends MPV Avanza shipment over safety test scam

Toyota Vietnam has stopped shipping its manual-transmission MPV Avanza to dealers in Vietnam since Dec. 20 amid the global safety test scandal swirling around subsidiary Daihatsu Motor. Daihatsu said Wednesday it would halt shipments of all vehicles indefinitely after more irregularities were discovered. An independent committee said it had found …

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Dollar falls against dong on black market

Dollar falls against dong on black market

The U.S. dollar fell marginally against the Vietnamese dong on the black market Saturday morning. Unofficial exchange points sold the greenback at VND24,720, down 0.08% from Friday. Vietcombank kept the dollar steady at VND24,400. The State Bank of Vietnam’s reference rate was stable at VND23,915. The dollar has increased against …

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Thai firm buys another packaging firm in Vietnam

Thai firm buys another packaging firm in Vietnam

Thailand’s SCG Packaging has acquired a 70% stake in Starprint Vietnam, one of the country’s top printed carton packaging firms, for VND676 billion (US$27.88 million). The deal, completed this week by the subsidiary of SCG Group, values Starprint at VND965 billion. SCG Packaging’s CEO, Wichan Jitpukdee, said the deal would …

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