High import duties on foreign cars and unfavorable policies on the domestic auto industry are leaving few affordable options for car buyers in Vietnam. A Hyundai i10 sedan imported from India arrives in Vietnam at the average price of only VND84 million (US$3,750), according to Hyundai-Thanh Cong, the authorized dealer of the South Korean carmaker […]
Read MoreRice prices in Thailand advanced this week following a deal with the Chinese government, while markets slowed in India and Vietnam, traders said on Thursday. In Thailand, the world’s second biggest rice exporter, benchmark 5-percent broken rice RI-THBKN5-P1 edged up to $357-$360 a tonne, free-on-board (FOB) Bangkok, from $355-$360 last week. “Prices went up on […]
Read MoreVietnamese small-and medium-sized enterprises are keen to explore investing in Myanmar, according to the Cong Thuong (Industry & Trade) newspaper. Vietnam is among the top 10 foreign investors in Myanmar, with nearly 80 businesses pouring in investment worth US$1 billion in the host country. Major companies such as Hoang Anh Gia Lai, Bank for Investment and Development […]
Read MoreHANOI: Vietnam’s logistics sector is expected to make up between 8% and 10% of the country’s gross domestic product (GDP) by 2025, Vietnam News Agency (VNA) reported. The target was set in an action plan on enhancing competitiveness and developing logistics services by 2025 recently approved by Prime Minister Nguyen Xuan Phuc. Under the plan, […]
Read MoreAlthough Vietnam’s exports to China in the first month of 2017 surged nearly 40 per cent, trade deficit with the Chinese market remained high at US$2.45 billion. The Ministry of Industry and Trade reported that Vietnam’s exports to China increased by 38.6 per cent to $1.85 billion while its imports from the country rose by 9.3 per cent to $4.3 […]
Read MoreHCM CITY — The management companies of Binh Đien, Thu Duc and Hoc Mon wholesale markets have asked HCM City authorities to adjust their “very outdated” management fees as they have had to compensate for losses. Speaking at a meeting with city leaders on Monday, Nguyen Van Huay, director of Thu Duc Wholesale Market Management […]
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