Auto imports drop 69 percent in January

Nearly 3,400 automobiles were imported in January, worth a total of 54.6 million USD, a decline of 69.6 percent against December 2009, according to the General Department of Customs.

Auto sales surge, but down on December

January auto sales surged 76 percent over the same period last year to 6,961 units, the Vietnam Automobile announced in its monthly report.

Sales of commercial vehicle reported the highest surge of 150 percent with 3,340 units sold. Passenger cars followed with 2,170 units, up 79 percent and MPV/SUV vehicles reached 1,440 units, a 3 percent increase.

Car imports drop 75 percent in January

The import value of automobiles in the first month of this year reached only 45 million USD, a 76.4 percent decrease over December, according to the General Statistics Office (GSO).

Hanoi to get automatic car park

Vietnam ’s first automatic, high-level car-parking system is expected to be in operation in the capital city of Hanoi by May.
Vietnam, Russia discuss future cooperative plans Politics

Vietnam, Russia discuss future cooperative plans

Vietnam and Russia have agreed on a range of directions and specific measures to strengthen and expand their bilateral cooperation in the traditional area of energy, including nuclear energy, oil and gas, mining and military technology.

Industrial output soars in November

Industrial production in November surged 3.6 percent month-on-month, lifting the growth rate for the first 11 months to 7.3 percent over the same period last year, the General Statistics Office said.

Auto tax incentives won’t be extended

The Ministry of Finance has turned down a proposal by the Vietnam Automobile Manufacturers Association (VAMA) to extend the expiration date of tax incentives on automobiles until the end of next year, a ministry official has said.

Incentives offered for Vietnam-China trade fair

Both businesses and visitors to a Vietnam-China trade fair, scheduled to take place in the northern border province of Lao Cai on November 2-7, will receive incentives such as tax exemption, said organisers.

Trade with Saudi customers lifts

Trade between Vietnam and Saudi Arabia has achieved traction in the last few years, opening new opportunities for bilateral cooperation, Minister of Industry and Trade Vu Huy Hoang has said.

Vietnam, Cambodia open three more border gates

Cambodia and Vietnam have agreed to open three more border gates in late this month and early next month to meet the increasing demand on transport of passengers and goods between the two sides.

Taiwan firms to invest more in Vietnam

With analysts having predicted Vietnam ’s economy would rebound by late this year, Taiwanese investors would soon boost investment in Vietnam , a business conference in Ho Chi Minh City heard on Aug. 10.

Hai Duong plans seven new IZs

The northern province of Hai Duong is striving to build seven new industrial zones (IZs) by 2020 while expanding the area of its current three IZs, according to the zones’ management board.