Tuesday , November 26 2024

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Bestselling Chinese mini EV to be assembled in Vietnam

Bestselling Chinese mini EV to be assembled in Vietnam

The Wuling Hongguang Mini EV, the bestselling small electric vehicle in China, is set to be assembled and sold in Vietnam starting this year. Under a deal signed by Vietnam’s TMT Motors Corporation and SGMW, a joint venture between the U.S.’s General Motors and China’s SAIC and Wuling, the former …

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Luxury sector eyes reopening of China

Luxury sector eyes reopening of China

After a year of record sales and profits despite slowing global growth the luxury sector is looking to the reopening of China to deliver further expansion in 2023. The world’s largest luxury group LVMH posted a 23% jump in sales to a record of EUR79 billion (US$86 billion) in 2022 …

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Gold starts week with marginal gain

Gold starts week with marginal gain

SJC gold price increased by 0.07% to VND67.15 million ($2,830.35) per tael Monday morning. Gold ring price inched up 0.09% to VND54.5 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices were stuck in a tight range on Monday, as bets of more interest rate …

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