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Ho Chi Minh’s Metro Finally Opens

Ho Chi Minh’s Metro Finally Opens

by Teuvo Tuomi | Dec 23, 2024 | Ho Chi Minh, Infrastructure, News, Transportation, Vietnam

Ho Chi Minh City is finally opening the first metro for its 10 million residents. The 19.7 kilometre metro line was green-lighted in 2007 with an initial cost estimate of about 17.4 trillion dong (about 684 million USD), but it eventually swelled to 43.7 trillion dong...
Car Sales in Thailand Plummet over 20% in August

Car Sales in Thailand Plummet over 20% in August

by Teuvo Tuomi | Sep 25, 2024 | Business, Economy, Manufacturing, News, Thailand, Transportation

The manufacturing and sales of vehicles in Thailand fell by more than 20.56% in August compared to last year, the Federation of Thai Industries (FTI) reports. Surapong Phaisitpattanapong, advisor and spokesman of FTI’s automobile club, says 119,680 vehicles were...
Nhon-Hanoi Metro Will Open This Week

Nhon-Hanoi Metro Will Open This Week

by Teuvo Tuomi | Aug 6, 2024 | Hanoi, News, Transportation, Vietnam

The elevated section of the Nhon-Hanoi Urban Railway Project will open for commercial operations on Friday. The plan received agreement from the State Examination Council (SEC). The Hanoi Metropolitan Railway Management Board (MRB) says that it was an important event...
Uber and BYD Announce Partnership

Uber and BYD Announce Partnership

by Teuvo Tuomi | Aug 3, 2024 | China, Digitalization, Environment, Innovation, News, Technology, Transportation

Uber Technologies and BYD have announced a multi-year strategic partnership designed to bring 100,000 new BYD electric vehicles onto the Uber platform across key global markets. Beginning first in Europe and Latin America, the partnership is expected to offer drivers...
Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

Vietnam Plans to Cut Registration Fees for Domestic Cars to Half

by Teuvo Tuomi | Jun 28, 2024 | Business, Manufacturing, News, Taxation, Transportation, Vietnam

Vietnam’s Ministry of Finance has asked relevant ministries, branches, and agencies for feedback on a proposal to cut half the registration fees for domestically manufactured and assembled cars. The proposed tax cut would be effective from August 2024 until the...
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