Ideal auto imports

404 - File or directory not found. The resource you are looking for might have been removed, had its name changed, or is temporarily unavailable. … [Read more...] about Removal of technical barriers sends CBU auto imports skyrocketing

Vehicle sales in Vietnam this year are expected to increase over 21%. Vietnam will lead Asia in vehicle sales this year as the region’s sales are forecast to decline due to weakening outlook in its biggest auto markets, analysts forecast. According to analysts from financial information services provider Fitch Group, total vehicle sales in Asia will decline 6.9% in 2019, which is largely the result of weakening sales in China and India – the region’s two biggest markets. While India is part of a wider trend of weak sales in the subcontinent – and most markets in the region are forecast to decline by double digits, the US' decision to impose an additional 10% tariff on US$300 billion worth of Chinese imports, now delayed until October 1, will further weaken sentiment levels in China and weigh on demand for new vehicles, causing a potential decline of market’s vehicle sales to a projected  9.2% in 2019. In this context, Fitch forecast that South … [Read more...] about Vietnam to top Asia auto sales amid fall of biggest markets

Customers examine a four-seat car on display in this file photo. Some experts and government units have voiced concern over the future growth prospects of the local automobile sector due to the upsurge in car imports Statistics from the Ministry of Industry and Trade indicate that in the first six months of the year, the volume of automobile imports reached a record high of over 75,430 units, worth US$1.68 billion, skyrocketing 513% in volume and 413.4% in value year-on-year, the local media reported. The strong rise was attributable to the automobile import tariff in the ASEAN region being slashed to zero. The number of automobile imports is forecast to continue rising in the coming years, increasing pressure on the local automobile sector. Speaking at the seminar titled “Steps forward for supporting industries in Vietnam,” Vu Tan Cong, an automobile expert, said that the Vietnamese automobile sector could soon succumb to heavy competition from foreign manufacturers if … [Read more...] about Rising automobile imports put domestic sector at risk: expert

Hanoi (VNA) – Indian Ambassador to Vietnam Pranay Verma has granted an interview to the Vietnam News Agency on the occasion of the 150th birthday anniversary of Mahatma Gandhi, a national hero of India who led India in the struggle for national independence. He has talked about the similarities in the ideologies of Gandhi and Vietnam’s President Ho Chi Minh, the achievements and prospects of the India-Vietnam relationship, and his priorities during his working term in Vietnam. The following is the full text of the interview. 1: Mahatma Gandhi and President Ho Chi Minh have similar ideology in staying along with their colonized people against enemies. From this ideology, how have generations of leaders of Vietnam and India built and strengthened the relation between two countries? What can we do to spread out this beautiful ideology of Mahatma Gandhi and President Ho Chi Minh? Mahatma Gandhi’s ideals of truth, non-violence, and human dignity and freedom, inspired the … [Read more...] about VN-India ties play increasingly important role in region, world

Indian Ambassador to Vietnam Pranay Verma at the interview (Photo: VNA) He has talked about the similarities in the ideologies of Gandhi and Vietnam’s President Ho Chi Minh, the achievements and prospects of the India-Vietnam relationship, and his priorities during his working term in Vietnam. The following is the full text of the interview. 1: Mahatma Gandhi and President Ho Chi Minh have similar ideology in staying along with their colonized people against enemies. From this ideology, how have generations of leaders of Vietnam and India built and strengthened the relation between two countries? What can we do to spread out this beautiful ideology of Mahatma Gandhi and President Ho Chi Minh? Mahatma Gandhi’s ideals of truth, non-violence, and human dignity and freedom, inspired the anti-colonial movement in many countries in Asia and Africa, including the freedom struggle in Vietnam led by President Ho Chi Minh.  Both Mahatma Gandhi and President Ho Chi … [Read more...] about Vietnam-India ties to play increasingly important role in region, world: Ambassador