COVID-19 affects Vietnam’s automotive industry Business

COVID-19 affects Vietnam’s automotive industry

The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.
Auto industry develops but local part supply still low Business

Auto industry develops but local part supply still low

The automobile industry of Vietnam has witnessed progress in the last two years, but the localisation rate (local part supply) still remains low, not meeting the set target, according to a Ministry of Industry and Trade (MoIT) report sent to the National Assembly for discussion and direction.
Vietnam sees just 2 percent decrease in smokers after 6 years Society

Vietnam sees just 2 percent decrease in smokers after 6 years

Vietnam has seen a marginal 2 percent decline in the number of cigarette smokers since the Law on Tobacco Harm Prevention and Control took effects six years ago, heard a conference held in Ho Chi Minh City on May 10 to seek measures to improve the efficiency of the law’s implementation.
CPTPP unlikely to hit auto prices Business

CPTPP unlikely to hit auto prices

The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on January 14, according to the Ministry of Industry and Trade.
HCM City seeks cheaper logistics Business

HCM City seeks cheaper logistics

Logistics fees in Vietnam account for nearly 21 percent of the country’s Gross Domestic Product (GDP), with transport making up 60 percent of the figure, twice as much as some developed economies.
Ho Chi Minh City collects more for State budget in 2018 Business

Ho Chi Minh City collects more for State budget in 2018

Ho Chi Minh City’s State budget collection topped 378.5 trillion VND (16.4 billion USD) as of December 31, 2018, or 100.47 percent of the estimate and marking a 8.65 percent increase year-on-year, Chairman of the municipal People’s Committee Nguyen Thanh Phong told a local conference on January 3.
HCM City fights fake goods, trade fraud Business

HCM City fights fake goods, trade fraud

HCM City authorities are seeking more effective measures in the fight against counterfeit products, smuggled goods and trade fraud as e-commerce grows at a fast pace, an official has said.