September 24, 2011
A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While [...]
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February 7, 2010
Workers of the Binh Dinh Footwear Co make shoes for export. Vietnamese footwear manufacturers need to focus on domestic market due to a downturn in footwear exports.LookAtVietnam – A downturn in footwear exports and loss of competitive edge has prompted Vietnamese footwear manufacturers to focus on brand recognition and the long-neglected domestic market.“The nation is [...]
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January 14, 2010
LookAtVietnam – The total turnover of all the 16 members of VAMA in 2009 showed a shared growth rate of seven percent in comparison with 2008. Statistics provided by VAMA showed that there were two distinct groups. While the first showed sharp falls in 2009, the other saw an equally sharp increase ifor the [...]
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December 22, 2009
LookAtVietnam – A lot of foreign automobile manufacturers are bringing their products to sell in Vietnam, providing fierce competition with domestic products. Four international auto brand names have appeared in Vietnam within just the last two months. China’s Dong Feng in early November 2009 signed a cooperation agreement with a Vietnamese company, under which the Dong [...]
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December 17, 2009
VietNamNet Bridge – “We made a mistake when we decided to rely on capitalists to build our automobile industry,” asserted an expert. In building an automobile industry, technology, not policy, is decisive. We are now purchasing car parts for assembly in Vietnam. Therefore, we only have the assembly technology, not production technology. Tien Phong: Foreign [...]
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December 12, 2009
Vietnamâs national car association has expressed its disapproval of a recent proposal by the Ministry of Industry and Trade to promote cars with 6-9 seats and small engines as the countryâs strategic product line. The Vietnam Auto Manufacturersâ Association said in a letter to the government that while it was necessary to identify a priority [...]
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December 10, 2009
LookAtVietnam – Finance Ministry inspectors have found that the localization strategy on which Vietnam has put high hopes has fallen far short of its goals. Most major dailies carried stories December 10 reporting the findings of a Finance Ministry inspection of six foreign-controlled plants that assemble automobiles for the Vietnamese market. The data in this [...]
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November 26, 2009
VietNamNet Bridge – The dong/dollar exchange rate increase has caused concerns in the car industry. The official dong/dollar rate announced by the State Bank of Vietnam (SBV) rose from 17,000 dong to 17,034 dong per dollar over the last 45 days, since October 10. On November 25, the exchange rate quoted by commercial banks was 17,886 [...]
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November 24, 2009
VietNamNet Bridge – The Vietnam Motor Show 2009 officially closed on November 23 afternoon after an exhibition that was just a little greener in its ambitions. While greener hybrid cars are already huge sellers overseas – such vehicles are yet to catch on in Vietnam as high prices put them out of reach of most [...]
Tags: Car Line, Government, manufacturers, Mercedes-Benz, Models, motor, Motor Show, Motor Show 2009, people, percent, Show 2009, Tax rate, The exhibition, Toyota, Vietnam, Vietnam Motor, Vietnam Motor Show, Vietnam Motor Show 2009
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November 22, 2009
A customer at a Ford showroom in Ho Chi Minh City. The Ministry of Industry and Trade has chosen cars with 6-9 seats and engines smaller than 1.5 liters as the strategic product line for Vietnamâs auto industry, which will benefit from various tax incentives. In a proposal submitted to Prime Minister Nguyen Tan Dung, [...]
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