Vietnamplus

Experts from the World Bank (WB) suggested that Vietnamese monetary authorities consider further flexibility in the exchange rate, including a higher pace of depreciation.

Vietnam’s industrial production and retail sales slid down in October due to stalled demand at home and abroad, according to the Vietnam Macro Monitoring report released by the World Bank in Hanoi on November 16.

Businesses have reported that their sales during the Hanoi Promotion Month, which is running from November 4 through November 30, have increased by 20-30%.

Hanoi authorities have requested the Department of Natural Resources and Environment strictly handle the bulldozing of hills and mountains and levelling of ponds, rivers and streams to sell land.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 33,463 vehicles of all kinds in September, representing a month-on-month rise of 8.5%.

Honda Vietnam posted increases of 26.1% and 31.8% in sales of motorbikes and automobiles in September compared to the previous month.

The northern province of Bac Giang, dubbed Vietnam’s “kingdom of lychee”, has earned nearly 6.8 trillion VND (290.5 million USD) from lychee sales and support services in 2022, according to the provincial People’s Committee.

Honda Vietnam has recorded improved sales of motorcycles in August, with a month-on-month increase of 20.8%.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) logged their August vehicle sales at 30,846, a month-on-month increase of 2% and a year-on-year surge of 247%.

The PetroVietnam Exploration Production Corporation (PVEP) has sold 830 million cu.m of gas so far, fulfilling its yearly goal 123 days ahead of schedule.

Vietjet offers customers opportunities to fly across Vietnam with a 92% discount promotion to celebrate the National Day (September 2).

Car and motorbike sales have been dropping sharply since the end of July as people are unwilling to make big-ticket purchases in the ‘Ghost Month’.

Vietnam Airlines Group, which manages Vietnam Airlines, Pacific Airlines and VASCO, has opened ticket sales for Lunar New Year (Tet) Holiday in the period from January 6 to February 5, 2023.

Honda Vietnam sold 164,273 motorbikes of all kinds in July, a month-on-month rise of 11.2 percent, and up 42.1% compared to the same period last year.

After the results of the national high school graduation exam were released, retail stores recorded an increase in the purchasing power for laptops.

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42% from May ending three consecutive months of gains. ​

Thailand’s National Tobacco Products Control Committee has resolved to ban sales of electronic cigarette products containing cannabis extracts, along with traditional cigarettes and cigars containing cannabis.

Thai authority has pledged to tighten its inspection of counterfeit goods, especially in tourist destinations, as they are projected to increase rapidly after the country’s reopening.

Hyundai Motor Co and its affiliate Kia Corp recorded robust on-year sales growth in Vietnam and Indonesia in the first half of 2022, delivering strong performances in the markets traditionally dominated by Japanese automakers, reported YONHAP news agency.

Hanoi’s retail sales of goods and services in the first half of this year reached 336 trillion VND (14.35 billion USD), up 16.5% year-on-year, tied to local retail sales promotional programmes and supply chain adjustments.