The Vietnamese motorcycle market in 2018 broke its sales record set seven years ago with nearly 3.4 million units sold for a year-on-year increase of 3.5 per cent. According to the Vietnam Association of Motorcycle Manufacturers (VAMM), its five members – Honda, Piaggio, Suzuki, SYM and Yamaha – sold more than 282,000 vehicles per month on average. This consumption figure is only for the Vietnamese market. VAMM does not disclose the export vehicle sales of its members. Honda is currently manufacturing and distributing 24 motorcycle models, accounting for more than 70 per cent of the market share nationwide. The remaining market share belongs to Yamaha’s 12 models, Piaggio’s 12 models, Suzuki’s 13 models and SYM’s 19 models. The products range from affordable to high-end and luxury motorcycles, including manual models, scooters and sports motorcycles with prices listed from tens of million dong to more than one billion. With this wide variety of … [Read more...] about Rising motorcycle market revving up
Phu Quoc boosts investment in socio-economic development
Phu Quoc island district continues to deploy synchronous solutions, creating favourable conditions, supporting investors and enterprises to implement projects as planned, speeding up construction and contributing to local socio-economic development. This was revealed by Phu Quoc Economic Zone management board in the southern province of Kien Giang, Vietnam News Agency reported on Monday. In particular, the island is concentrating on investment capital to speed up the construction schedule to complete key infrastructure projects; overcome limitations and weaknesses in planning management, land, construction, compensation and site clearance; drastically handle disputes, compensation, clearance, resettlement and support for people to have "clean land" for investors to implement the projects. According to the representative of Phu Quoc Economic Zone management board, investment attraction in Phu Quoc mainly focuses on tourism and marine economic development. Although a number of projects … [Read more...] about Phu Quoc boosts investment in socio-economic development
Petrol imports to be reduced this year
Although less petrol will be imported in 2019, the import of crude oil will be increased to serve refineries. — Photo cafef.vn Petrol imports this year should be sharply reduced as the Nghi Son Refinery comes into operation and the output of Dung Quat Refinery meets most of the local demand, said Deputy Minister of Industry and Trade Do Thang Hai. Hai also said the import of crude oil in 2019 and following years would be increased to serve refineries. The output of the two refineries will meet up to 90 per cent of the domestic market demand, gradually reducing the country’s reliance on imported petrol. On December 23, 2018, Nghi Son Refinery officially came into full operation. The project has the largest scale and investment – US$9 billion – of a refinery in Viet Nam so far. The first phase of the project supplies 200,000 barrels of oil per day following five years of construction. The ministry said the refinery has provided around five million tonnes of oil … [Read more...] about Petrol imports to be reduced this year
UAE, Japan, Australia reach Asian Cup last eight
The substitute's 102nd minute spot kick had enough power to find the net despite goalkeeper Kutman Kadyrbekov getting a hand on it and set up a last-eight meeting with holders Australia in a rematch of the 2015 semi-final. After an early goal from Khamis Esmaeel was cancelled out by Kyrgyzstan's Mirlan Murzaev, it looked like Ali Mabkhout's 64th minute strike was going to settle the match for the hosts until Tursunali Rustamov's dramatic stoppage-time equaliser. Alberto Zaccheroni's side know they will need to lift their game considerably to achieve their dream of winning the title back at the same stadium on Feb. 1 after making such heavy work of the hard-working but limited Asian Cup debutants. A small 17,784 crowd turned out on an unusually cool evening in the Emirati capital but the vast Zayed Sports City arena was brought to life in the 14th minute when the hosts took the lead. Ismail Matar swung a corner into the box, defender Khalifa Mubarak rose well to head the ball goalwards … [Read more...] about UAE, Japan, Australia reach Asian Cup last eight
Ronaldo misses penalty as Juve beat bottom side Chievo
* Wolverhampton Wanderers' manager Nuno Espirito Santo was charged with misconduct by the FA on Monday after being sent to the stands for celebrating on the pitch during their dramatic late Premier League win over Leicester City at the weekend. * Former England left back Ashley Cole has joined Frank Lampard's Derby County revolution until the end of the season after agreeing a deal to work under his old international and Chelsea team mate, the Championship club said on Monday. * Barcelona on Monday announced the surprise loan signing of Kevin-Prince Boateng from Italian side Sassuolo until the end of the season. The La Liga leaders confirmed the arrival of the German-born former Ghana international in a statement, adding that the club also have an option to make the deal permanent for a fee of 8 million euros (£6.98 million). * Burnley's 19-year-old winger Dwight McNeil has signed a new four-year contract with the Premier League club after some impressive displays for Sean Dyche's … [Read more...] about Ronaldo misses penalty as Juve beat bottom side Chievo