Twenty years ago, five large automobile manufacturers asked Vietnam to open the automobile market. But the proposal was refused. The report from the Ministry of Industry and Trade (MOIT) to National Assembly Deputies showed that Vietnam’s automobile industry has been growing rapidly over the last two years. In 2017, Vietnam assembled 258,000 cars and the output of 250,000 products was maintained in 2018. About the achievements of the automobile industry, the report said many products have been exported to Laos, Cambodia, Myanmar and Central America. It has contributed billions of dollars to the state budget and generated 120,000 jobs. However, the ministry admitted too many problems in the industry, including the low locally made content ratio in products. The plan on raising the localization ratio for car models with less than 9 seats has failed. Under the plan, the ratio must be 40 percent by 2005 and 60 percent by 2010. However, the ratio is now 7-10 percent, far lower than … [Read more...] about Thai manufactured 3 million cars in 20 years, Vietnam assembled 250,000
88th interpol general assembly
The CBU (complete built unit) imports to Vietnam in the first seven months of the year were five times higher in number than in the same period last year. Minister and Chair of the Government Office Mai Tien Dung has said that the government will soon amend Decree 116/2017 on conditions to manufacture, assemble, import and trade cars and maintenance services. It is expected that provisions related to car imports will be removed. Instead of examining cars by consignments as currently regulated, the government would amend the legal document, so that imports would be examined by vehicle type, while pre-customs clearance examinations would be replaced by post examination. Car importers believe that once the decree is amended, it will be easier for CBU imports to enter Vietnam. According to a representative of Thaco, ‘examination by type’ means that state agencies will take samples to test emissions and safety, and the results of the tests will be applied to the next … [Read more...] about Will car imports ‘crush’ domestically assembled cars?
Nguyen Thi Kim Tien will be relieved of her post as minister of health through a National Assembly secret ballot on November 22. Even though Tien’s term of office has yet to end, she has reached her retirement age. Minister of Health Nguyen Thi Kim Tien - PHOTO: VGP In the fifth working week of the NA’s eighth sitting, Prime Minister Nguyen Xuan Phuc will submit a proposal to relieve Tien, while the NA Standing Committee will submit a proposal to relieve Nguyen Khac Dinh, head of the NA’s Committee on Laws, as he has been chosen as Secretary of the Party Committee of Khanh Hoa Province, Tuoi Tre Online newspaper reported. Dinh’s successor will be elected in the following week, while the election of Tien’s successor is not included in the sitting. The Politburo has appointed Tien as head of the Board of Healthcare Services for Senior Officials. Deputy Prime Minister Vu Duc Dam, a member of the Government’s Party Civil Affairs Committee, … [Read more...] about National Assembly to hold secret ballot to relieve Minister of Health
Deputy Minister of Foreign Affairs and General Secretary of the ASEAN National Committee 2020 Nguyen Quoc Dung gives a speech international press conference During the press briefing, Dung said 2020 will be a significant year to ASEAN in general and Vietnam in particular to review the mid-term implementation of an overall plan to build the ASEAN Community between 2015 and 2025, and mark the 25th anniversary of Vietnam’s membership in the regional bloc. Vietnam has chosen “Cohesive and Responsive” as the theme of the ASEAN Chairmanship Year 2020, given the complicated developments in the region and the world that pose many challenges to multilateralism and free trade as well as the growing non-traditional security threats, the official said, adding that the country will perform the role of a non-permanent member of the United Nations (UN) Security Council for 2020-2021. … [Read more...] about Vietnam’s five priorities during ASEAN Chairmanship Year 2020
The consumer price index (CPI) between January and May increases by 2.74 percent from the same period last year. (Photo: VNA) Hanoi (VNA) – The consumer price index (CPI) between January and May increased by 2.74 percent from the same period last year – the slowest five-month pace over the last three years, according to the General Statistics Office (GSO). The GSO said on May 29 that the CPI in May grew by 0.49 percent from April, 1.5 percent from December 2018, and 2.88 percent from the same period last year. Compared to the previous month, nine of the 11 groups of main consumer goods and services recorded price hikes in May, including transport (up 2.64 percent); housing fees and construction materials (1.28 percent); beverage and cigarette (0.18 percent); and garments, headwear, and footwear (0.12 percent). Price declines were reported in medicines and healthcare services (down 0.06 percent), and postal and telecom services (0.05 percent). Explaining the CPI … [Read more...] about Five-month CPI rises 2.74 percent year-on-year