November 19, 2011
An undated file photo taken at the Toyota Vietnam plant. Toyota President Akio Toyoda said last week the company isn’t considering reducing investment in Thailand. Japanese companies, Thailand’s biggest foreign investors, may spend more to build factories in neighbors including Indonesia and Vietnam after the worst flooding in 70 years disrupted global production. “Executives recognize [...]
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December 22, 2009
A man reads the specs for a Mercedes Benz model at a car dealership in Ho Chi Minh City Vietnamâs carmakers have urged the government to set up a taskforce to study further the proposal that the domestic industry trains its development focus on a strategic vehicle. âWe agree with the necessity of having strategic [...]
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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 19, 2009
LookAtVietnam — Just a few days after the outlines of MOIT’s plan for development of a “strategic car” became public, critics have opened fire. MOIT’s objective is to strengthen the nation’s automobile sector so it can hold its own as ASEAN – the Association of Southeast Asian States – progressively lowers to zero the allowable [...]
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October 17, 2009
The Government’s policy in the last ten years has yielded big profits for the industry but not for consumers. There are more than 200 firms engaged in manufacturing and assembling cars and spare parts, with 90 of them manufacturing or assembling cars, seven being 100 percent foreign-owned and 11 being joint ventures, including Mercedes-Benz VN, [...]
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September 8, 2009
LookAtVietnam – Despite the surge in domestic demand, the Vietnam Automobile Manufacturers Association (VAMA) is urging the Ministry of Industry and Trade to maintain current tax and fee rates. VAMA predicted sales would be the same or slightly higher than in 2009, if the preferential tax policies were extended until the end of next year.According [...]
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May 28, 2009
With bondholders refusing to swap debt for a 10-percent stake, the largest U.S. automaker General Motors Corps. has been pushed closer to a bankruptcy filing. A GM inflatable sign is seen during the Barrett-Jackson auto auction in West Palm Beach, Florida April 11, 2009. (Xinhua/Reuters photo)According to GM sources, the number of bondholders who agreed [...]
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May 2, 2009
Comco Corp. employees work on the production line at the company’s plant in Toyota City, Aichi Prefecture, Japan, on April 13. Hironori Minezawa, a private detective, spends his days investigating struggling autoparts makers in Toyota City as cuts by Toyota Motor Corp. end a seven-year expansion for the cityâs thousands of parts suppliers. Toyota slashed [...]
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Posted in International, News | Comments Off
April 14, 2009
It’s a chilly Monday morning in Detroit, capital of U.S auto industry. Ricky Martin, a 7-year-old boy, is playing basketball with his brother in front of an abandoned house in downtown Detroit. The 2009 NCAA Final Four Logo is seen on the back of the General Motors Corp World Headquarters in downtown Detroit, Michigan April [...]
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March 31, 2009
The amended Special Consumption Tax Law will have no significant impact on the market once it officially becomes effective on April 1, said an official from the Ministry of Finance. The special consumption tax rate is aimed at discouraging large-capacity carsAccording to Vu Van Truong, Director of the Tax Policy Department, the new law stipulates [...]
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