There are two clear investment tendencies in the automobile industry. First, becoming the leading assembling center in Southeast Asia, and second, buying technologies and making automobiles for export. Three Vietnamese companies The Q1 2019 report of the Vietnam Automobile Manufacturing Association (VAMA) showed that while the sales of domestically assembled cars decreased by 8 percent, value of imports soared by 230 percent compared with the same period last year. In the last two years, Vietnam’s automobile industry has witnessed big changes because of the ASEAN Trade in Goods Agreement (ATIGA). The tariff cut from 30 percent to 0 percent applied to ASEAN-originated products has attracted investors, who enjoy benefits from ATIGA. Vietnam is considered a potential market thanks to the modest ratio of 23 car owners per 1,000 people (the figures are 264 in Thailand and 400 in developed countries). Vietnam is considered a potential market thanks to the modest ratio of 23 car … [Read more...] about Two paths for Vietnam’s automobile industry
Clear path alternative school
Instead of distributing Nissan products, Tan Chong Motor will assemble, import and distribute Chinese cars in the Vietnamese market. The distributor of Nissan cars, the Malaysia-based Tan Chong Motor, will stop distributing Nissan products in Vietnam in September. if the project can be implemented, Tan Chong Motor would have opportunities to cement their positions in Vietnam’s automobile industry. The two sides have signed an MOU to expand cooperation in assembling, importing and distributing Chinese vehicles in Vietnam. Kim Chi Vietnam’s automobile market to be flooded with zero-tariff ASEAN cars The car sales in Vietnam are forecast to reach 500,000 units per year in 2020 and 1 million per year by 2030, with a turnover of US$12 billion each year. Two paths for Vietnam's automobile industry There are two clear investment tendencies in the automobile industry. First, becoming the leading assembling center in Southeast Asia, and second, buying … [Read more...] about Will Nissan’s old distributor bring Chinese cars to Vietnam?
Prime Minister Nguyen Xuan Phuc confers an emblem attesting to Nestlé Vietnam being a member of the Anti-Plastic Waste Alliance on the company representive This is one of the series of activities organised throughout the environmental action month that the company has been actively engaged in. Responding to the movement, Nestlé Vietnam has come up with a raft of concrete activities, particularly the signing of undertakings with noble goals, such as recycling and reusing 100 per cent of product packaging by 2025; 100 per cent of waste being collected and classified right at the factory gates; 100 per cent of its factories not burying solid waste in the environment; or proactively responding to and launching the movement on collecting single-use plastics and non-biodegradable bags at the company site. In a message calling on the whole society to join the national plastic waste reduction campaign launched by the Ministry of Natural Resources and Environment (MoNRE), Prime … [Read more...] about Nestlé Vietnam forging commitment for a healthier environment