Japanese Foreign Minister Toshimitsu Motegi said after a meeting with his US and South Korean counterparts, Mike Pompeo and Kang Kyung Wha, that they agreed economic sanctions on the North should not be lifted yet in the absence of any progress in denuclearisation. … [Read more...] about Japan, US, S. Korea push for N. Korea denuclearisation
Vietnam’s economy is expected to maintain good growth in 2020 Vietnam is advancing into 2020 following good results in 2019. Experts and companies tell Việt Nam News about their forecasts of the country's economic prospects this year as well as opportunities and challenges facing the country. … [Read more...] about Which industries will prosper in 2020?
Hanoi (VNA) – The Thai government has agreed with Toyota Motor Corp.’s plan to produce electric vehicles and plug-in hybrids in Thailand. With approval from the Thai government's Board of Investment, effective on January 7, Toyota will have to initiate production within three years to benefit from the country's tax privileges, including corporate income tax exemption, although no penalties will be imposed for abandoning the plan, Kyodo news reported. However, details about schedule and models for production have yet to be finalised. In its strategy released in 2017, Toyota aims to sell more than 1 million electric vehicles and fuel-cell vehicles by 2030 globally. The Board of Investment introduced its tax privilege scheme for electric vehicles and plug-in hybrids in March 2017 to promote investment in such green cars. Besides Toyota, Mazda Motor Corp., Nissan Motor Co. and Mitsubishi Motors Corp. among other Japanese automakers have also applied for the scheme./. … [Read more...] about Toyota gets approval for electric vehicle production in Thailand