It is clear that Vietnam is the leading country in the world in terms of the number of motorbikes used. However, this would be shocking news that Vietnam may become a motorbike production base in Asia. Japanese experts from JICA (Japan International Cooperation Agency) believe that with the high localization ratio of over 90 percent and a large market, ranking the fifth in the world, Vietnam has advantages to become the leading motorbike production base in Asia, which not only can satisfy the domestic demand, but can export in big quantities as well. Italian Piaggio Group on March 1, 2012 inaugurated an engine manufacturing factory which would provide engines to the production of Piaggio brand scooters in Vietnam. At the inauguration ceremony, Roberto Colaninno, President and Managing Director of the group, announced the business plan of the Italian group in Asia Pacific, under which, Vietnam would become its production base in Asia. In order to implement the plan, Piaggio would … [Read more...] about Vietnam to become Asian leading motorbike production base?
NDO/VNA - The Central Highlands province of Dak Lak targets welcoming 810,000 tourists, including 75,000 foreigners this year, earning US$33.3 million, according to the provincial Department of Culture, Sports and Tourism.The province will develop community-based and ecological tourism on the back of the local advantages of natural landscapes and rich ethnic culture.Community-based tourism projects will be developed in Yang Lanh village in Buon Don district, Ya village in Krong Bong district, Tring village in Buon Ho township, with a focus on traditional culture, ethnic rituals and cuisine, giving visitors a chance to eat, live and join in activities with the locals.Priority will be given to Yok Don national tourism area and agricultural and community-based tourism project in Cu Sue commune (Cu M’gar district), along with resorts and entertainment and sporting areas in Buon Ma Thuot city and districts of Buon Don, Lak and Cu M’gar.Last year, the provincial tourism sector … [Read more...] about Dak Lak woos visitors with community-based tourism
The Central Highlands province of Dak Lak targets welcoming 810,000 tourists this year, earning 750 billion VND (33.3 million USD), according to the provincial Department of Culture, Sports and Tourism. Of the figure, 75,000 will be foreigners while 735,000 are domestic visitors. The province will develop community-based and ecological tourism on the back of the local advantage of natural landscapes and rich ethnic culture. To preserve and uphold the value of Central Highlands gong cultural space – an intangible cultural heritage of the humanity, the province will continue to hold gong performances twice per month. Last year, 12 gong night shows held during July-December attracted more than 3,500 visitors, who came to exchange with gong artists, learn about ethnic musical instruments and enjoy “ruou can” (wine drunk out of a jar through pipes). Community-based tourism projects will be developed in Yang Lanh village in Buon Don district, Ya … [Read more...] about Dak Lak develops community-based tourism this year
PM Nguyen Xuan Phuc addressing the teleconference He attended the sector’steleconference on January 8 with the 63 provinces and cities. The event aimedto review the sector’s performance in 2017 and set tasks for this year. A report at the event read that bythe end of December 31, 2017, total state budget balancing revenues areestimated at more than 1.283 quadrillion VND (56.3 billion USD), about 71trillion VND (3.1 billion USD) or 5.9 percent higher than the estimates. Nearly 624,000 or 100 percent ofbusinesses had used online tax declaration services while almost 98 percent ofthem had registered e-tax payment by the end of last year. Addressing the meeting, PM Phuc recognizedthe financial sector’s efforts while also pointing out its shortcomings. He said financial policies,especially tax policies, have changed too fast and too much, affecting peopleand businesses. Such vagaries show that the making of policies has yet to keepup with the socio-economic life. … [Read more...] about Financial sector told to stay updated with Industry 4.0 to expand tax base
SEV/SEVT recently surveyed six Vietnamese tier-2 vendors and provided them with consultancy to improve the manufacturing of components for Samsung’s factories in Vietnam.These companies include Manutronics Vietnam Joint Stock Company, Tien Thanh Joint Stock Company, Bac Viet Technology Joint Stock Company (in Bac Ninh Province), Nhat Minh Company (Binh Duong), Minh Man Printing Trading Production Company Limited and Vinavit (in Ho Chi Minh City).Based on the survey results, Samsung’s experts found that all six companies had made great progress and could be upgraded to tier-1 level. Three months after joining the consulting program, the Manutronics Vietnam Joint Stock Company has reduced product mistakes and equipment loss rate by 63 percent and 82 percent, respectively; the Tien Thanh Joint Stock Company has increased labor productivity from 600 products per hour to 700; the Bac Viet Technology Joint Stock Company has reduced inventories from 37 percent in the first eight … [Read more...] about Samsung seeks to expand supply base in Vietnam