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On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Hanoi (VNA) -  Vietnamese agricultural, fishery and food businesses were updated on the Singaporean market at an online conference held by the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (Vietrade) and the Vietnamese Trade Office in Singapore on May 29. The event, which saw the participation of over 100 representatives of agencies, organisations and businesses of the two countries, offered Vietnamese firms a good chance to directly interact with Singaporean partners, thus introducing their products. According to head of the Vietrade Vu Ba Phu, Singapore, one of the countries with the most dynamic economy in Asia - Pacific, is playing an important role in trade cooperation with Vietnam. The country considers Vietnam as one of the key markets to help it offset the shortage of goods, especially agricultural products, fisheries, food and construction products. Addressing the event, Chairman of the Singapore Manufacturing Federation and the … [Read more...] about Vietnamese companies seek business opportunities in Singapore

The Hanoi Department of Labor, War Invalids and Social Affairs has requested district People's Committees to screen 1.477 million employees eligible to receive the aids, of them 840,000 are people without labor contracts and have lost their jobs. Currently, the districts keep identifying the beneficiaries in accordance with the process and procedures. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia May 29

“This year, we have seen official ratification by the EU with trade agreements, and this is definitely the most ambitious agreement Việt Nam has ever been in as it will bring much more interest and new markets into Việt Nam, helping it continue the transition from manufacturing to higher value industries,” said Campbell. … [Read more...] about Hà Nội hopes to attract $38.3 mln of investment in H1

FDI enterprises are the most effective with ROA of over 13%, doubling that of state-ownd companies of 5.2% and 4 times higher than that of private sector companies at 2.5%. State-owned enterprises lead in contributing to state budget, 4 times higher than FDI enterprises and 10 times higher than that of the private sector. … [Read more...] about State enterprises dominate Vietnam’s top 500 list