Difficulties forecast for year-end auto market The Vietnamese auto market was thriving earlier this year due to the initial success in the prevention and control of the Covid-19 pandemic, as well as discounts and stimulus programs. According to the Vietnam Automobile Manufacturers’ Association (VAMA), sales of automobiles increased by 62 percent month-on-month to more than 19,000 units in May, and 26 percent month-on-month to over 24,000 units in June. The July figure improved further thanks to 50 percent cut in registration fee. … [Read more...] about Vietnam auto market rolls out huge discounts
Industrialized economy
Best to keep the focus at home
Five people died and 85 were arrested afterwards, with the stolen House podium going on sale on e-Bay. People who broke in made no effort to cover their faces, instead looking confidently into cameras while sitting in chambers and offices and waving flags. … [Read more...] about Best to keep the focus at home
VIETNAM BUSINESS NEWS JANUARY 17
The Import-Export Department under the Ministry of Industry and Trade has recently held a meeting with the Vietnam Maritime Administration about the lack of empty containers and rising rental charges. At the meeting, many firms in the fisheries, plastic and timber sectors have raised concerns over the unprecedented consecutive price hikes in the past three months. According to the firms, the hike is unreasonable and shipping firms need to be more transparent and a more reasonable price hike rate. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 17
HCMC encourages environment projects
A spokesman for the Department of Natural Resources and Environment said some 8,900 tonnes of solid wastes are collected daily in the city and treated at the Phước Hiệp waste treatment complex in Củ Chi District and Đa Phước Waste Treatment Complex in Bình Chánh District, with 69 per cent being buried and the rest burnt and recycled. … [Read more...] about HCMC encourages environment projects
US won’t impose tariffs or sanctions on Việt Nam’s exports
According to the ministry, immediately after the report’s release, Myron Brilliant, executive vice president of the US Chamber of Commerce, announced the US business community welcomed the news that the Trump administration will not impose tariffs on goods from Việt Nam. … [Read more...] about US won’t impose tariffs or sanctions on Việt Nam’s exports
