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.
Cigarette smuggling remains unabated Society

Cigarette smuggling remains unabated

Cigarette smuggling has caused a loss of thousands of billions of Vietnamese dong each year for the State, according to figures released by the Vietnam Tobacco Association at a symposium held on July 23 in the Mekong Delta city of Can Tho.
Sabeco cuts projected profit by a fifth Business

Sabeco cuts projected profit by a fifth

The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) is targeting a lower post-tax profit in 2018 due to the increase of production costs and stronger competitiveness in the industry.
New policies boost domestic automobile production Business

New policies boost domestic automobile production

The use of effective policies in the automobile sector since the beginning of the year has boosted the production and assembling of automobile and better controlled imported vehicles in the first six months of 2018.
Tobacco causes socio-economic burden: Minister Health

Tobacco causes socio-economic burden: Minister

Smoking has created an economic burden to not only smokers and their families but also society, said Minister of Health Nguyen Thi Kim Tien at a meeting held in response to the World No Tobacco Day in Hanoi on May 31.
 Experts’ reactions to MoF tax plan mixed Business

Experts’ reactions to MoF tax plan mixed

Experts’ reactions to the Ministry of Finance’s (MoF) tax adjustment draft have been mixed, while the business community struggles to keep up with the variety of proposed tax hikes.
Ministry mulls auto parts tax cut Business

Ministry mulls auto parts tax cut

The Ministry of Finance has promised to study and report to the Government recommendations by the Vietnam Association of Mechanical Industry (VAMI) on policies to promote domestic automobile production.