Posted By Quang Phong On January 12, 2016 @ 6:48 am In Business,Featured on Homepage,News,Options,Vietnam | No Comments Mercedes-Benz Vietnam (MBV) achieved the most successful year ever since its establishment in 1995 with 3.600 cars sold last year. This number breaks the all-time record of the premium auto market in the country. With a growth of 50%, Vietnam is one of 3 fastest growing markets of Mercedes-Benz in Asia. Besides, with customer-orientation in all activities, MBV gained many achievements in its 20th anniversary. MBV is currently having the most diverse lineup in its hand To celebrate the 20th anniversary, MBV launched 20 new products making the most diversified premium line-up to Vietnamese customers. These products play an important role in achieving the new records in Jan, May, June, July & Sep. 2015 is the best year ever of MBV, with the best first-half & the best second-half as well. The C-Class is the best-selling car of MBV as well as the premium market. … [Read more...] about Autonet – Auto & Motorcycle Online Magazine 2015 proven to be hugely successful for Mercedes-Benz Vietnam
Ideal auto imports
HCMC – an ideal destination for Japanese investors
(VOVworld) –With 800 projects worth 2.7 billion USD, Japan is the 6th biggest foreign investor in Ho Chi Minh City. The figure is expected to rise in the future because Ho Chi Minh City is considered an ideal destination for Japanese investors. Over the past 16 years, the Toyota Tsusho Corporation, which supports auto manufacturers in Vietnam, has operated smoothly and plans to continue investment expansion in Ho Chi Minh City. Hiroyuki Shio, Deputy CEO of Toyota Tsusho Corporation Vietnam and chief of the Ho Chi Minh City branch, said: "Ho Chi Minh City’s authorities have created favorable conditions for our investment, operations, sales, and administrative activities. Regular dialogues between municipal leaders and businesses have been held to remove obstacles." According to the Japan External Trade Organization (JETRO) in HCM City, Japan’s major investment areas are property, processing, manufacturing, science, and technology. Recently a delegation from the … [Read more...] about HCMC – an ideal destination for Japanese investors
Vietnamese auto industry affected by floods in Thailand
The flooding that has ravaged Thailand over the past three months has hurt not only the country's automobile industry but also that of Vietnam, as Thailand is a major provider of auto parts here. A woman walks past a closed Honda dealer in floodwaters in Bangkok on November 9. The flooding in Thailand has hurt both the Thai car industry and that of Vietnam. … [Read more...] about Vietnamese auto industry affected by floods in Thailand
BUSINESS IN BRIEF 29/7
Jan-Jul FDI pledges dive in HCMC Foreign direct investment (FDI) approvals in HCMC in the first seven months of this year have plunged by up to 65.17% year-on-year to US$863.6 million. Data of the HCMC Statistics Office showed foreign firms have pledged more than US$638 million for 448 new projects and US$225.5 million for 78 operational projects in the city in the year to date. Although there are only eight new real estate projects licensed in the January-July period, the sector has taken the lead in terms of registered capital with US$278.8 million, accounting for 43.7% of the total FDI approvals. The commercial sector comes second with US$184.6 million, accounting for 29% of the total, and 168 projects licensed. Meanwhile, processing-manufacturing has 26 new FDI projects with total registered capital of only US$70 million though this sector makes up around 70% of the country’s total FDI approvals in the period. Besides, there are 64 new FDI projects with total capital pledges … [Read more...] about BUSINESS IN BRIEF 29/7
BUSINESS IN BRIEF 22/12
Vietnamese products must improve quality to gain foothold Essential consumer goods are believed to be the strong point of Vietnamese companies, but in reality they are overwhelmed by imported goods because of their better quality, which Vietnamese-made products lack. The Ministry of Industry and Trade has reported that import turnover of milk, vegetables, fruits, confectionery and medicines touched US$1.38 billion in November, a slight drop compared to the previous month but an increase of 12.5 percent year-on-year. In the first 11 months of this year, total imports of these commodities hit $13.3 billion, up 11.7 percent over last year, accounting for 12.6 percent of total imports from Vietnam. Of these, vegetables and fruits rose by 16.8 percent; confectionery and cereal products by 66.4 percent; medicines by 20.2 percent; and plastic goods by 24.1 percent. At first glance, these figures seem irrational as Vietnamese companies can produce these products easily. However, they are … [Read more...] about BUSINESS IN BRIEF 22/12