Honda, Japan's third largest automaker, has reported improved results thanks to US corporate tax cuts and brisk sales AFP/Kazuhiro NOGI Japan's third largest automaker logged net profits of 1.06 trillion yen (US$9.7 billion), up 71.8 per cent from the previous year, with sales of 15.36 trillion yen, up 9.7 per cent. … [Read more...] about Honda net profit surges 70pc on US tax cuts, brisk sales
Interest rate cut
Hotel rates down steeply as COVID-19 keeps away tourists
However, as HCM City and Ha Noi’s four- and five-star hotels rely strongly on foreign guests, occupancy rates only improved by 1 - 1.5 percentage points each month. A full recovery, mainly subject to global containment of the pandemic, seems more unpredictable. … [Read more...] about Hotel rates down steeply as COVID-19 keeps away tourists
Locally-made cars in Vietnam get huge price cuts over new import rules
Vietnamese automakers are benefiting from the government’s Decree 116, taking effect from this year, which applies stricter regulations on car imports. As a consequence, carmakers and importers in Vietnam have been lamenting that they cannot import new stock to meet the current demand. … [Read more...] about Locally-made cars in Vietnam get huge price cuts over new import rules
Registration fee cut does little to revive auto market
The Ministry of Finance has suggested some amendments to a Government decree on the casino business, one of which is to allow operators to advertise to attract more local and international gamblers. … [Read more...] about Registration fee cut does little to revive auto market
With no end in sight to pandemic, fear of unemployment stalks workers
Pham Xuan Hong, chairman of the Ho Chi Minh City Association of Garments, Textiles, Embroidery and Knitting, said the rate of layoffs this time around is less than during the first wave because many companies are trying to keep their employees, waiting for the disease to be controlled and hoping orders would rise again in the fourth quarter. … [Read more...] about With no end in sight to pandemic, fear of unemployment stalks workers
