Motorbike manufacturers increase export

Domestic vehicle production output reached 5 million units this year, nearly doubling the market demand. However, companies still expanded their scale with expectation to turn Vietnam into one of the largest motorbike manufacturing countries in the world. Though motorcycle manufacturers’ turnover decreased drastically recently, manufacturing capabilities increased sharply. As per a statistic, the companies have produced nearly 5 million a year. Furthermore, many manufacturers have continued expanding scale. Honda Vietnam has recently put into operation of the third motorbike factory with capacity of 500,000 units a year. Similarly, Yamaha has also spent nearly US$30 million on its factory to raise its manufacturing capability to 1.5 million vehicles per year. Along with expansion of scale, the companies have introduced more new vehicles to promote local consumption. In addition, they have also raised export of vehicles and vehicle parts. For instance, since the second quarter … [Read more...]

November auto sales grow strongly

Mercedes-Benz cars on display at the recent Vietnam Motorshow 2014 in HCMC. Auto sales nationwide continued to soar last month - PHOTO: HUNG LE

Hung Le The November auto sales volume was much higher than the monthly average of 12,000-13,000 units in the first months of this year. … [Read more...]

Social News 9/12

1603249-20141208143313-1

ADB urges use of ICT in healthcare … [Read more...]

Ten outstanding Vietnamese students receive Honda Y-E-S Award

At the awards ceremony   NDO – Ten Honda motorbikes and total prize money of US$30,000 were presented to ten outstanding Vietnamese students – the winners of the 2014 Honda Y-E-S Award – at a ceremony in Hanoi on December 6.

The honourees include two from the Hanoi University of Science and Technology; five from the Technology University under the Hanoi National University; two from the University of Natural Sciences under the Hanoi National University; and one from the Ho Chi Minh City University of Science and Technology. The prize winners were the best students selected among 114 profiles of those with high academic results and outstanding achievements in scientific studies sent to the Award’s office since it was launched in April this year. … [Read more...]

770 bikes presented to underprivileged children through “Real life journey” initiative

Photo: Thanh Ngan

(CPV) - The National Fund for Vietnamese Children and AIA Life Insurance (Vietnam) Limited Company on December 4th co-organized the summary event of "Real life journey" initiative in Ho Chi Minh city. So far, as many as 770 bikes (worth more than VND1.3 billion) have been presented to underprivileged children in 22 provinces and cities nationwide after one year of implementation. At the ceremony, organizers handed over 80 bikes (each worth VND1.7 million) and gifts to needy children in the city. On this occasion, "Together with children to school" program (Initiated by Vice State President Nguyen Thi Doan in September, 2012) presented some of 110 scholarships (VND3 million each) and 10 portions of school-sponsored fee (VND5 million each) to students, increasing the total value of scholarships and bikes supported to children in the city to VND516 million. The organizing board also received valuable contributions equivalent to 200 bikes from benefactors, including 50 bikes from … [Read more...]

Seeking Japanese assistance to develop supporting industries

1597887-nhat-ban

(VOV) - Seminars on investment cooperation to develop the support industries in Vietnam and introduction of the Hanoi South Supporting Industrial Park and Vietnam’s incentive policies have been held in Fukuoka, Osaka and Kyoto, Japan from November 25 – 28. Speaking at the Osaka and Kyoto seminars, Consul General in Osaka Tran Duc Binh affirmed that Vietnam-Japan relations have been developing strongly in all fields, from politics, security, economy, trade, and scientific research to people-to-people exchange, laying a firm foundation for Japanese investors to operate in Vietnam. … [Read more...]

Motorcycle companies struggle to stay a float

(Photo for illustration). Source: vneconomy.vn

Motorcycles manufacturers in Vietnam are trying to survive in the face of a prolonged market slump by introducing more budget units with higher domestic content. The Vietnam Association of Motorcycle Manufacturers (VAMM) revealed that from April to September, all of its five members sold a combined 1.25 million units, a seven-percent year-on-year decline. However, September witnessed a slight increase in sales due to students' higher demand for new motorcycles during enrolment. August marked the 15th consecutive month of decline in the volume of motorcycle sales. However, manufacturers remained optimistic and even introduced a number of new models in recent months. … [Read more...]

Donating Honda Library of Children’s thoughts

Delegates at the library of Honda-Children's thoughts.

On November 17th, the Ministry of Education and Training in coordination with Honda Vietnam Company donated the Honda Library of children's thoughts to Ea Bar primary school (Song Hinh district). … [Read more...]

Vietnam Manufacturers Investing in Modern Technologies Best Positioned to Capitalise on Rising Global Demand

1591123-qr-code-roemerind

The Hanoitimes - Vietnamese manufacturers are currently benefiting from sustained growth in demand for their goods across international markets. By: Trinh Long Dien, Vietnam Country Manager, Honeywell Scanning & Mobility CEIC data on Vietnam recently highlighted a gross domestic product (GDP) growth of 5.42 percent in 2013 to a value of $158.9 billion, with this projected to rise to $203.7 billion by 2018. This strengthening GDP has also been spurred by a $21.6 billion 2013 foreign direct investment (FDI), which increased at a rate of 54.5% year-on-year. … [Read more...]

Inexperienced, unlicensed foreign drivers rent bikes freely in Vietnam’s backpacker’s area

1591111-nn2-eent

A foreigner learns how to drive a motorbike on the sidewalk of Pham Ngu Lao Street in downtown Ho Chi Minh City. Photo: Dam Huy … [Read more...]

Honda launches $120m motorbike factory

HA NOI (VNS) - Honda Vietnam on Monday inaugurated a motorbike manufacturing factory in the northern Ha Nam Province. The US$120-million factory, the third of its kind in Viet Nam, is located in the Dong Van 2 Industrial Park and can produce 500,000 motorbikes per year. The factory has workshops for assembling engines, complete motorbike casting and processing parts, as well as painting. In the first stage, the factory, with nearly 1,300 workers, will manufacture 1,000 motorbikes per day. Japan has 2,410 projects with a total investment capital of US$36.3 billion in Viet Nam, topping the list of 101 countries and territories that have been investing directly in the country. - VNS … [Read more...]

Honda Vietnam opens third plant

The ribbon is cut to open Honda’s third motorcycle factory - PHOTO: HONDA VIETNAM

Hung Le Having an investment of some US$120 million, the new factory covering an area of over 270,000 square meters has total designed output of 500,000 motorcycles per year. The launch of this factory helps raise HVN's annual manufacturing capacity to 2.5 million units. … [Read more...]

Honda Vietnam inaugurates 3rd motorbike plant at cost of $120mn

1587854-abvy7sk9

The number of Honda motorcycle production plants in Vietnam has risen to three with the latest facility officially opening in a northern province on Monday. The new US$120 million plant is situated in the Dong Van 2 Industrial Park in Ha Nam Province, some 40km from Hanoi, Honda Vietnam Co. Ltd., the motorcycle and automobile sales and production joint venture of the Japanese vehicle maker in the Southeast Asian nation, said in a press release. … [Read more...]

Honda Vietnam inaugurates third motorcycle plant in Ha Nam

The Japanese-funded Honda Vietnam inaugurated its third motorcycle factory in northern Ha Nam province on November 10, which is expected to become one of the most technologically advanced in the field in the world. Covering over 270,000 square meters at Dong Van II industrial park, the 120-million-USD factory will comprise seven workshops capable of producing 500,000 units per year. The plant's entire production procedure fully meets the global and Vietnamese highest environmental standards to create high-quality and environmentally friendly products. … [Read more...]

Breakfast @ Tuoi Tre News – November 11

Politics:

Briefs of some of the main news stories published on Tuesday (November 11) in Tuoi Tre (Youth) newspaper: -- Vietnamese State President Truong Tan Sang had a meeting with his Chinese counterpart Xi Jinping yesterday while joining the 22nd Summit of the Asia - Pacific Economic Cooperation forum in Beijing and both sides were committed to respecting mutual legitimate benefits. … [Read more...]

Honda opens third motorcycle plant in Vietnam

1587818-9ddb46f64ea0a8a66e3b4adbcbd718de-l

The opening ceremony of Honda's third plant in Vietnam … [Read more...]

Vietnam has great potential for attracting foreign investment

Samsung, Intel and Nokia have continued to invest billions of US dollars expanding production in Vietnam.

Motorbike manufacture at Honda Vietnam Co Ltd … [Read more...]

Japanese firms in dire need of skilled workers

Skilled employees are at work at a Honda Vietnam factory in Vietnam in this file photo. A JICA survey shows 80% of over 100 Japanese firms find it hard to recruit skilled workers in Vietnam - PHOTO: HUNG LE

Thuy Dung The findings were unveiled by JICA's consultant Junichi Mori at a seminar on how to enhance trilateral partnership to tackle workers' lack of professional skills in Hanoi yesterday. … [Read more...]

Bike market gets more hectic

Chi Thinh Yamaha Motor Vietnam (YMV) on Monday unveiled three new versions of Nouvo scooter including standard FI 2015, RC and GP with prices ranging from VND33.9 million to VND36 million a unit. YMV's survey showed that its Nouvo had a market share of 14% among sports scooters in Vietnam last year. YMV has set a target of becoming one of the top motorcycle makers of sports scooters. The launch of Nouvo FI 2015 equipped with global positioning system (GPS) aims to compete against Honda's AirBlade scooter. … [Read more...]

Automakers report surging demand

Toyota unveils its Corolla Altis 2014 model in Vietnam last month. The company has secured up to 1,400 orders only three weeks after it is launched on the local market - PHOTO: HUNG LE

Hung Le Toyota had earlier expected to sell 600 Corolla Altis 2014 units a month but has secured up to 1,400 orders only three weeks after this model was launched on the local market. … [Read more...]