Modern semi-trailer assembly line of THACO AUTO. (Photo: tuoitre.vn)
The shipment marks the company’s most valuable contract so far amid the pandemic disrupting a series of production and supply chains, serving to affect multiple economic sectors, including the automobile industry.
This comes as part of the company’s contract with Dorsey Intermodal, a subsidiary of PITTS Enterprise which is one of 15 major semi-trailer manufacturers in the US.
The first shipment is scheduled to be delivered in November. In addition, THACO AUTO and Dorsey Intermodal are also continuing to negotiate new contracts for production and delivery ahead in the third and fourth quarters of next year.
Simultaneously, the company will also be resuming their development of suitable products and expanding the distribution market in the US in the near future.
In line with the plan, moving into 2022 THACO AUTO will export between 12,000 and 15,000 semi-trailers to the US market annually, while also striving to boost exports to both the Australian and Japanese markets.
Ed Gill, vice president of Sales at Dorsey Intermodal, said THACO AUTO's products are high quality and fully suit the needs of the US market, as well as meeting the traffic standards set within demanding market.
Most notably, THACO is fully equipped with a cutting-edge technological assembly line that is capable of meeting the US’ technical requirements, a key factor in Dorsey co-operating and placing larger orders with the company.
During the first half of the year, THACO AUTO exported over 350 cars and semi-trailers of all types, with the export value of mechanical components reaching 15 million USD.
This year, the company plans to make inroads into new markets in Europe, South America, South Asia, Australia, along with countries of the Gulf Cooperation Council.
Sa Pa has additional tourist destination
A small corner of Green Valley tourist attraction. (Photo: nhandan.com.vn)
Visitors to Sa Pa town in the northern mountainous province of Lao Cai will have a new tourist destination to experience, the Green Valley tourist area.
According to the Lao Cai provincial Information Portal, the provincial People’s Committee has just issued Decision 2988/QD-UBND dated August 19, 2021 recognizing the Green Valley Tourist Site, at No. 025 Dien Bien Phu, Sa Pa Ward Sa Pa town, Lao Cai province.
Sa Pa Green Valley covers about 12,000 m2. To visit the entire tourist area, visitors can take half a day. The tourist attraction is inspired by the beautiful scenery of the wonderland with the main colour being natural dark green.
The tourist attraction is a combination of man-made mini scenes and the majestic nature of Sa Pa, creating an attractive landscape. The campus is quite large, divided into 14 different categories with the idea of building a fairyland, a poetic and beautiful land in every corner.
Vietnam – UAE export and import turnover rises 37.8% in 7 months
The two-way trade turnover between Vietnam and the United Arab Emirates (UAE) totalled nearly 3.1 billion USD in the first 7 months of 2021, a year-on-year increase of 37.8%, according to the latest data from the General Department of Vietnam Customs.
Mobile phones and components bagged the biggest export turnover in the UAE. (Photo: baodautu.vn)
Vietnam’s export turnover to the UAE reached approximately 2.8 billion USD, up 40.8%, while imports from the market reached 286 million USD, up 13.3%. The UAE is one of Vietnam’s partners gaining the largest export growth rate. The rate is also higher than the national average growth of 26.4%.
UAE is among the 10 largest export partners of Vietnam in the world, and the largest trading partner of Vietnam in the Middle East and Africa. In the balance of trade, Vietnam always earns trade surplus with this market.
Regarding the structure of exports, mobile phones and components bagged the biggest export turnover of 1.85 billion USD, up 48.1% year on year. It was followed by computers, electronic products and components with 246.4 million USD (up 17.4%); and machinery, equipment, tools and spare parts, 148.1 million USD (up 43.1%). Products enjoying the best growth rates are cashew nuts with USD 23 million (up 200%) and pepper with nearly 40 million USD (up 185%).
However, a number of items saw turnover decrease, including bags, wallets, suitcases, hats and umbrellas, with 7 million USD (down 45.4%); tea, 1.4 million USD (down 34.6%); rice, 16 million USD (down 15.4%); and paper and paper products, 2.4 million USD (down 10%).
Regarding the structure of imported goods, plastic materials had the largest import value of 123.6 million USD (up 48.8%). Some other import items seeing import value increase are liquefied petroleum gas, 57 million USD; common metals, 19.2 million USD; animal feed and raw materials 13.8 million USD; and other petroleum products, 15.5 million USD.
With such growth momentum, the two-way trade turnover between Vietnam and the UAE is expected to reach 5 billion USD in 2021./.