What's new

Vietnam Economy Forum

VN remains the world’s largest producer of the robusta variety with 1.74 million metric tons, up from 1.5 million tons a year earlier.

Vietnam

Vietnam-Coffee.jpg
 
. . . .
actual data about Taiwan investment in Vietnam:
http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=&id=20131015000057

- some 50,000 Taiwanese enterprises operating, mostly in the manufacturing, breeding and aquaculture, textile and tea-planting industries
- last year, Taiwan was the third largest investor in Vietnam and the biggest foreign employer of Vietnamese, with 1.4 million workers
- over the past 20 years, Vietnam attracted global investments of US$300 billion, with Taiwanese businesses valued of US$30 billion
- the current largest investor Formosa Plastics Group investing US$9.5 billion in Formosa Ha Tinh Steel, scheduled to be completed in 2015, with initial annual production output to be 8.5 million metric tons.


CA14C0053H_2013%E8%B3%87%E6%96%99%E7%85%A7%E7%89%87_N71_copy1.JPG

China Steel Corp's cold rolling complex in Vietnam. (Photo courtesy of China Steel Corp)
 
.
not too bad: US$19.2 billion in FDI since early this year, up 65.5% from a year earlier

FDI%20Vietnam.jpg.ashx

hhttp://english.vov.vn/Economy/Investment/Vietnam-attracts-US192-billion-in-FDI/266391.vov
 
. .
Last update 09:12 | 24/10/2013

Chinese investors charge into Vietnam smartphone market

VietNamNet Bridge – Chinese technology groups have moved aggressively into Vietnam’s smartphone market.


20131023095635-te1.jpg


In October, OPPO and Haier Group rolled out their first smartphones in Vietnam. Both have partnered with Viettel Trade, Import and Export Company under the military’s telco giant Viettel.

Under a deal inked in early October between Viettel and OPPO’s local subsidiary, the former will distribute six smartphone models priced between $166-$476 throughout Vietnam.

OPPO’s latest N1 smartphone has a rotating camera and plans to release it in Vietnam by the end of October. It will be at the top end of the company’s price range.

OPPO’s core business is the manufacture and distribution of audio equipment and DVD players and first appeared in Vietnam in 2012 with the launch of its Find 5 smartphone that had a full HD screen and quad core chip.

In joining with Viettel, the Chinese group looks to tap its partner’s expansive network of more than 1,000 outlets throughout the country.

Like OPPO, home appliance giant Haier Group debuted in Vietnam early this month by also partnering with Viettel.

In Vietnam, Haier plans to sell medium-range smartphones at prices suitable to most local consumers.

Earlier this year Lenovo launched six new smartphone models. The group has the second highest market share in China, only behind Korea’s Samsung.

In April, Huawei Group announced it would also be entering the market and plans to sell 400,000 units this year. In July the company released its top-of-the-line, ultra-thin 6.18mm Ascend P6 through the The Gioi Di Dong electronics superstore chain, one of the largest mobile phone distributors in the country.

According to OPPO Vietnam sales director Do Quang Kha, OPPO’s goal is to become on of the top three smartphone manufacturers in Vietnam within the next five years by targeting tech-savvy young people.

Kha said that OPPO saw Vietnam as a lucrative smartphone market as ssmartphone users currently account for 30-40 per cent of the country’s total subscriptions.

According to Huawei Device Southeast Asia managing director Thomas Liu the number of smartphone users in Vietnam is expected to increase substantially over the next five years.

http://english.vietnamnet.vn/fms/sc...rs-charge-into-vietnam-smartphone-market.html
 
. .
CP-Vietnam to export dory to Thais

Published: 8 Oct 2013 at 00.00
Newspaper section: bangkokpost.com

Business CP Vietnam (CPV) hopes to earn US$40 million (1.26 billion baht) from selling 15,000 tonnes of pangasius dory next year, a 67% increase from this year's level. Most of the fish will be sold to food services in Thailand where demand has been strong.

549888.jpg


The fish, which is in the same family as striped catfish or pla sawai, has quickly become Thais' favourite thanks to its taste and reasonable prices The company, an affiliate of Charoen Pokphand Foods...

Please credit and share this article with others using this link:http://www.bangkokpost.com/business/news/373542/cp-vietnam-to-export-dory-to-thais. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.
 
.
Bridgestone to boost Vietnam plant
  • Oct 17, 2013 The Japan Times
bridgestone-breaks-ground-on-vietnam-tire-plant-553247-images786465-factory-v1.jpg

picture: Bridgestone breaks ground on Vietnam tire plant last Juli 2012

Bridgestone Corp. will invest some ¥41.6 billion to nearly double the output capacity of a radial tire plant under construction in Vietnam. The new plant in Hai Phong, northern Vietnam, will be capable of producing some 49,000 tires per day, up from the initially planned 25,000 tires, the Japanese company said Tuesday.

Bridgestone plans to use the Vietnamese plant, which boasts low-cost production, as one of its key bases for exporting tires to Europe, the United States and Japan, company officials said. The move is designed to compete better with rivals such as Goodyear Tire & Rubber Co. of the United States as well as South Korean, Chinese and Taiwanese manufacturers.

The Vietnamese plant will start operating next March as initially planned. Bridgestone will begin work to increase capacity in the first half of 2016 for completion in the second half of 2017.

Afterward, the output capacity of the Vietnamese plant will nearly match that of the Bridgestone plant in the central Thai province of Saraburi, which can make 50,000 tires per day.
 
. .
Toyota to Ford brace for Vietnam auto import competition

After almost two decades of waiting for Vietnamese consumers to become rich enough to afford cars, manufacturers including Toyota Motor Corp. and Ford Motor Co. will have to contend with cheaper imports.
Current Vietnamese duties of 60 percent will be eliminated by 2018 for cars imported from within the Association of Southeast Asian Nations, Met Arias, chairman of the Vietnam Automobile Manufacturers Association and managing director of Ford’s unit in the country, said in an interview October 23. Without a major parts industry, car production costs are higher than elsewhere in the region because of taxes on imported components, he said.
The government cited the auto industry as an important driving force under a plan to become a “modern industrial country” by 2020. The impending abolishment of protective duties risks giving automakers little incentive to modernize or continue running plants in Vietnam even as the country’s ascent to middle-income status means more people can now afford cars.
“I was one of the early believers in Vietnam’s auto industry,” said Keith Schulz, general director of lubricant maker Vilube Corp. in Ho Chi Minh City, who was a consultant to automakers setting up plants in the nation in the mid-1990s. “But by 2018, it sounds like this industry will be cracked open like a clam, and real economics will take over.”
The country’s auto industry is in danger of collapsing with the planned elimination of industry import taxes, Vietnam News reported in August. The nation needs immediate measures to avoid becoming a major importer of cars, it said, citing Ngo Van Tru, deputy head of the Ministry of Industry and Trade’s heavy industry department.
Short time
“Five years is a very short time for makers to enhance competitiveness considering the current auto and supporting industry,” Yoshihisa Maruta, president of Toyota Motor Vietnam, said in e-mailed comments.
Based on sales last year, the top five foreign automakers with plants in Vietnam are Toyota, General Motors Co. (GM), Ford, Suzuki Motor Corp. (7269) and Daimler AG (DAI)’s Mercedes-Benz, according to figures from the automobile association.
Sales of vehicles assembled in Vietnam rose 20 percent through the first nine months of this year to 67,045, led by Toyota’s 23,324, according to figures from the group.
“If the government doesn’t significantly improve the situation for the local manufacturers, there is always a risk” of some makers shutting plants after 2018, said Michael Behrens, CEO of Mercedes-Benz Vietnam Ltd. Imported cars will be cheaper than domestically produced ones when duties are lifted unless changes are made, such as cutting taxes on parts that aren’t available in Vietnam, said Arias in the interview in Ho Chi Minh City. Carmakers operating locally must be able to compete with Thailand, where many vehicles are made in free-trade zones and parts are sourced locally or imported without duties, he said.
Thai competition
Last November, Toyota said it will meet growing demand in emerging markets by boosting production in Thailand, from where it already exports to regional countries including Indonesia, Malaysia and the Philippines.
General Motors’ Thai unit exports to 77 markets and has production lines capable of making left- or right-hand drive cars, according to the Detroit-based company’s website.
Vietnamese consumers prefer motorbikes for now. Vietnam has more than 38 million motorbikes on the road as of this month, up 6 percent from last year, according to the National Traffic Safety Committee. About two million cars are currently registered, according to the committee.
New cars
Auto sales in Thailand, with a population of 67 million people, were about 1.43 million units in 2012, according to data from Toyota Motor (Thailand) Ltd. Vietnam, with 89 million people, will probably see sales of new cars rise about 17 percent to 109,000 vehicles this year, Ford estimates.
The government still makes it very expensive to own a car in Vietnam, with the inclusion of consumption, value-added and registration taxes, said Horst Herdtle, CEO of Euro Auto Corp., which sells Bayerische Motoren Werke AG (BMW) imports in the country.
“It seems like the Vietnamese government wants to have a car industry, but they don’t want cars on the road,” Herdtle said. “That is a kind of paradox.”
The situation reflects the disparate objectives of the government bodies that influence the local auto industry. The Ministry of Finance, which applies tax policy, is primarily concerned with revenue, while other government agencies may want to cut taxes, said Arias.
Inconsistent policies
The Ministry of Planning and Investment, which oversees the licensing of foreign projects, in September cited the auto industry as an example of inconsistent policies hurting investors from overseas.
The transport ministry is worried about the impact that car purchases may have on the environment and traffic flow, said Deputy Minister Nguyen Ngoc Dong.
“Take places like Bangkok, Singapore, Taiwan: They all discourage vehicles for individuals,” Dong said in an interview in July. “For Vietnam, because the level of infrastructure development is low, we have to accelerate the growth of public transportation.”
Arias said any new master plan that emerges for the auto industry should ensure national and provincial policies are aligned and meet rules set by the World Trade Organization. The proposal should also address the competitiveness of the industry through tax cuts, he said.
“The government has to lower the cost of doing business in Vietnam,” said Arias

ahahaha! the Viet cannot even compete with ASEAN but somehow they think they can play with the big boys :no:
we will see how is this country in 20yrs with the citizen of such slave and beggar mentality, it is unfortunate
 
.
yue10 said:
Toyota to Ford brace for Vietnam auto import competition

After almost two decades of waiting for Vietnamese consumers to become rich enough to afford cars, manufacturers including Toyota Motor Corp. and Ford Motor Co. will have to contend with cheaper imports.
Current Vietnamese duties of 60 percent will be eliminated by 2018 for cars imported from within the Association of Southeast Asian Nations, Met Arias, chairman of the Vietnam Automobile Manufacturers Association and managing director of Ford’s unit in the country, said in an interview October 23. Without a major parts industry, car production costs are higher than elsewhere in the region because of taxes on imported components, he said.
The government cited the auto industry as an important driving force under a plan to become a “modern industrial country” by 2020. The impending abolishment of protective duties risks giving automakers little incentive to modernize or continue running plants in Vietnam even as the country’s ascent to middle-income status means more people can now afford cars.
“I was one of the early believers in Vietnam’s auto industry,” said Keith Schulz, general director of lubricant maker Vilube Corp. in Ho Chi Minh City, who was a consultant to automakers setting up plants in the nation in the mid-1990s. “But by 2018, it sounds like this industry will be cracked open like a clam, and real economics will take over.”
The country’s auto industry is in danger of collapsing with the planned elimination of industry import taxes, Vietnam News reported in August. The nation needs immediate measures to avoid becoming a major importer of cars, it said, citing Ngo Van Tru, deputy head of the Ministry of Industry and Trade’s heavy industry department.
Short time
“Five years is a very short time for makers to enhance competitiveness considering the current auto and supporting industry,” Yoshihisa Maruta, president of Toyota Motor Vietnam, said in e-mailed comments.
Based on sales last year, the top five foreign automakers with plants in Vietnam are Toyota, General Motors Co. (GM), Ford, Suzuki Motor Corp. (7269) and Daimler AG (DAI)’s Mercedes-Benz, according to figures from the automobile association.
Sales of vehicles assembled in Vietnam rose 20 percent through the first nine months of this year to 67,045, led by Toyota’s 23,324, according to figures from the group.
“If the government doesn’t significantly improve the situation for the local manufacturers, there is always a risk” of some makers shutting plants after 2018, said Michael Behrens, CEO of Mercedes-Benz Vietnam Ltd. Imported cars will be cheaper than domestically produced ones when duties are lifted unless changes are made, such as cutting taxes on parts that aren’t available in Vietnam, said Arias in the interview in Ho Chi Minh City. Carmakers operating locally must be able to compete with Thailand, where many vehicles are made in free-trade zones and parts are sourced locally or imported without duties, he said.
Thai competition
Last November, Toyota said it will meet growing demand in emerging markets by boosting production in Thailand, from where it already exports to regional countries including Indonesia, Malaysia and the Philippines.
General Motors’ Thai unit exports to 77 markets and has production lines capable of making left- or right-hand drive cars, according to the Detroit-based company’s website.
Vietnamese consumers prefer motorbikes for now. Vietnam has more than 38 million motorbikes on the road as of this month, up 6 percent from last year, according to the National Traffic Safety Committee. About two million cars are currently registered, according to the committee.
New cars
Auto sales in Thailand, with a population of 67 million people, were about 1.43 million units in 2012, according to data from Toyota Motor (Thailand) Ltd. Vietnam, with 89 million people, will probably see sales of new cars rise about 17 percent to 109,000 vehicles this year, Ford estimates.
The government still makes it very expensive to own a car in Vietnam, with the inclusion of consumption, value-added and registration taxes, said Horst Herdtle, CEO of Euro Auto Corp., which sells Bayerische Motoren Werke AG (BMW) imports in the country.
“It seems like the Vietnamese government wants to have a car industry, but they don’t want cars on the road,” Herdtle said. “That is a kind of paradox.”
The situation reflects the disparate objectives of the government bodies that influence the local auto industry. The Ministry of Finance, which applies tax policy, is primarily concerned with revenue, while other government agencies may want to cut taxes, said Arias.
Inconsistent policies
The Ministry of Planning and Investment, which oversees the licensing of foreign projects, in September cited the auto industry as an example of inconsistent policies hurting investors from overseas.
The transport ministry is worried about the impact that car purchases may have on the environment and traffic flow, said Deputy Minister Nguyen Ngoc Dong.
“Take places like Bangkok, Singapore, Taiwan: They all discourage vehicles for individuals,” Dong said in an interview in July. “For Vietnam, because the level of infrastructure development is low, we have to accelerate the growth of public transportation.”
Arias said any new master plan that emerges for the auto industry should ensure national and provincial policies are aligned and meet rules set by the World Trade Organization. The proposal should also address the competitiveness of the industry through tax cuts, he said.
“The government has to lower the cost of doing business in Vietnam,” said Arias

ahahaha! the Viet cannot even compete with ASEAN but somehow they think they can play with the big boys :no:
we will see how is this country in 20yrs with the citizen of such slave and beggar mentality, it is unfortunate
Click to expand...
ha ha ha...you troller should know owning a car is very expensive in Vietnam, like Singapore. Even if Vietnam reduces import tax, the country can increase other taxes like VAT and Special Consumption Tax to discourage people from owning a car. Well, as long as the public infrastructures are still poor.

http://www.vietnamonline.com/az/car-sale-tax.html

Vietnam is listed among countries with the most expensive car, due to the outrageously high tax rate that the government charges per car. Those taxes make the cost of getting a car often increase by a significant sum, sometimes as high as twice or triple the original price.

The first tax that consumers have to pay is the value-added tax for VAT. This tax will be 10% of the original cost of your car. On top of that, the car owner also has to pay the Special Consumption Tax. This tax varies for different types of car, but for the normal civil cars, it can be quite high from 40 to 60% of the car's original price. For example, for cars with fewer than nine seats, the tax is charged 45% for the under 2,000cm3 cylinder capacity engine, 50% for engine with cylinder capacity from 2,000 to 3,000 cm3 and 60% for engine with cylinder capacity above 3,000 cm3.

Other types of cars such as a truck or van with over ten seats, electric car or bio-energy cars are charged lower Special Consumption tax, ranging between 10 and 30% of the original amount you would pay. In addition, if the car is fully imported from other countries, it also has to pay Importation tax.

For cars containing engine with cylinder capacity less than 2.5l, the importation tax is 82% and for cars containing engine with cylinder capacity above 3l, it is 72 – 77% the original price of the cars. When the car is registered, it is further charged registration tax and some other additional fees. The registration tax is also different from cars to cars, but mostly from 10 to 15% the original price of the car for civil car under 10 seats.
 
Last edited:
.
Viet said:
ha ha ha...you troller should know owning a car is very expensive in Vietnam, like Singapore. Even if Vietnam reduces import tax, the country can increase other taxes like VAT and Special Consumption Tax to discourage people from owning a car. Well, as long as the public infrastructures are still poor.

http://www.vietnamonline.com/az/car-sale-tax.html

Vietnam is listed among countries with the most expensive car, due to the outrageously high tax rate that the government charges per car. Those taxes make the cost of getting a car often increase by a significant sum, sometimes as high as twice or triple the original price.

The first tax that consumers have to pay is the value-added tax for VAT. This tax will be 10% of the original cost of your car. On top of that, the car owner also has to pay the Special Consumption Tax. This tax varies for different types of car, but for the normal civil cars, it can be quite high from 40 to 60% of the car's original price. For example, for cars with fewer than nine seats, the tax is charged 45% for the under 2,000cm3 cylinder capacity engine, 50% for engine with cylinder capacity from 2,000 to 3,000 cm3 and 60% for engine with cylinder capacity above 3,000 cm3.

Other types of cars such as a truck or van with over ten seats, electric car or bio-energy cars are charged lower Special Consumption tax, ranging between 10 and 30% of the original amount you would pay. In addition, if the car is fully imported from other countries, it also has to pay Importation tax.

For cars containing engine with cylinder capacity less than 2.5l, the importation tax is 82% and for cars containing engine with cylinder capacity above 3l, it is 72 – 77% the original price of the cars. When the car is registered, it is further charged registration tax and some other additional fees. The registration tax is also different from cars to cars, but mostly from 10 to 15% the original price of the car for civil car under 10 seats.
Click to expand...

thank you for telling me something I didn’t know amigo but it seem that your slave mentality did not understand the post is about your Viets inability to compete in unprotected trade regimes not some nonsense about car ownership :no:

as I said, we will see how is your country in 20yrs when you are nothing but the loser host country for foreign corporate to suck your people dry, we have already seen this before when the selfish Viet sold their own country to the Frenchy so this is nothing new, I am thinking if Mr HCM is still alive most of your Viets would be given death penalty already for betrayer of Viet Nam, what a sick mentality :butcher:
 
.

Similar threads

艹艹艹
UAE and China drive Saudi Arabia’s non-oil exports in Q2: GASTAT
Replies
0
Views
259
艹艹艹
艹艹艹
艹艹艹
China, Africa trade sees steady growth in Jan-July 2024
Replies
0
Views
289
艹艹艹
艹艹艹
艹艹艹
Brazil's coffee exports to China reach new high
Replies
0
Views
340
艹艹艹
艹艹艹
艹艹艹
Vietnamese fresh coconuts have been approved for official export to China
Replies
0
Views
379
艹艹艹
艹艹艹
艹艹艹
Indonesia-China relations mutually beneficial: FM
Replies
0
Views
263
艹艹艹
艹艹艹

Latest posts

Pakistan Defence Latest Posts

Pakistan Affairs Latest Posts

Military Forum Latest Posts

Country Latest Posts

Back
Top Bottom