Cosco Shipping - China's shipping giant - and auto manufacturer, FAW Group, have signed a strategic cooperation agreement to develop the supply chain for the automotive industry.
Under the agreement, the two sides will promote joint venture projects, explore emerging markets and develop innovative business models to provide leading solutions for the global automotive supply chain, as well as digitized supply chain ecosystem, green and smart development.
In October this year, Cosco Shipping and FAW Group signed an agreement to transfer shares and transfer 5% of the company's shares to the automaker to expand supply chain cooperation and strengthen business development in another country.
Cosco Shipping believes that the cooperation with FAW Group can further optimize the auto transport model and promote integrated development between advanced manufacturing and modern service industries.
FAW Group is the largest automobile manufacturer and seller in China, expanding its footprint in the global market and exporting new energy automotive products.
On the afternoon of October 1, at the meeting on the socio-economic situation in the first 9 months of 2024, the Department of Planning and Investment of Ho Chi Minh City said that many economic indicators have grown steadily. Notably, export turnover is on a recovery trend and has grown.
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Australia has made another stride in its agriculture sector by announcing an agreement to export plums to Vietnam in the near future, in addition to the current exports of peaches and nectarines. This project is part of a two-way agricultural market access agreement aimed at providing Australian plums to Vietnam and Vietnamese passion fruit to Australia.
On November 14, 2024, the forum "Da Nang Free Trade Zone – A New Driving Force for the Development of the City’s Logistics Industry" successfully took place, attracting dozens of domestic and international enterprises.
On the morning of November 2, 2024, in response to an invitation from the Board of Directors of FPT University Can Tho, Glotrans HCM joined the 2024 Job Fair and Enterprise Connection Day to network with the university’s leaders and interact with the attending students.
On October 29, according to information from the Vietnam Trade Office in the Philippines (Ministry of Industry and Trade), total bilateral trade between Vietnam and the Philippines reached nearly USD 6.5 billion in the first nine months of 2024, marking an increase of over 20% compared to the same period last year.**
