Market free fall

Currently, there are more than 70 million registered motorcycles in the Southeast Asian country with the figure projected to grow even larger in the future. In the first four months of 2023 alone, the country produced more than 1 million new motorcycles. Five major manufacturers: Honda, Yamaha, Suzuki, Piaggio, and SYM hold over 90% of the market share in Vietnam, manufacturers also export fully assembled models to international markets. VAMM said the stage has been set for Vietnam to become an attractive destination for motorcycle manufacturers in the Asia-Pacific region. Due to supply chain difficulties and rising trade tension between the U.S. and China, manufacturers have been shifting their investments to smaller markets in Asia to minimize risks. For example, the Japanese government has allocated a 2.2 billion USD fund in support of Japanese businesses relocating from China while the U.S. government has been calling for U.S. businesses to either return to the U.S. or … [Read more...] about Vietnam emerges as a major motorcycle market and manufacturing hub

A display of TAG Heurer at Saigon Centre. The company says Viet Nam remains their key market in the region. — Photo from Internet Swiss luxury watch brand TAG Heuer has recently announced that Viet Nam is one of their key markets in the Indochina region. Viet Nam is definitely the fastest growing developing market today so it is chance to invest in the market, said Cindy Lee, senior brand director exports of TAG Heuer. The company also affirmed that not only TAG Heurer but also other luxury brands now are focusing on the Vietnamese market. Among activities aimed at expanding the business in the country, the brand has recently celebrated the 60th anniversary of the Carrera. In a partnership between TAG Heuer and Swiss Master Time, five iconic Carrera heritage pieces from the 1950s to 1971 directly from TAG Heuer’s museum in La Chaux-de-Fonds, Switzerland, were showcased at Saigon Centre alongside a Porsche Carrera 911, marking a partnership between TAG Heuer Vietnam and … [Read more...] about Viet Nam remains key market for Tag Heuer

PM Pham Minh Chinh speaks at the meeting. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh on June 3 asked ministries, agencies and localities to push the three engines of export, investment and consumption in order to spur the country's economic growth in the time ahead. Speaking at an online regular meeting between the Government and localities, the leader stressed the need to remove obstacles to production and business, and help enterprises in administrative procedures , interest rates and market expansion. He also urged localities to accelerate the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as national target programmes, and focus on site clearance and material preparations for key projects. Apart from promoting domestic consumption, it is necessary to expand export markets, the PM said, highlighting other tasks such as effectively optimising free trade … [Read more...] about Focusing on export, investment, consumption to boost growth: PM

The Fruit and Produce Weeks help Hanoi's residents access and recognize branded products with clear origins. The Hanoi Industry and Trade has been working closely with other provinces and cities to bring many fruit and agricultural products with clear origins and good quality to serve the needs of residents. In recent years, through more than 100 delivery events and weekly fairs, Hanoi has actively supported other provinces and cities in promoting fruit, agricultural products , and specialties in the city. Many good products have been acquired from other provinces by consulting and obtaining support from large distribution companies in Hanoi, such as Aeon, Central Group, MM Mega Market, and others, to sell them in modern distribution channels, not only for the Hanoi market but also in foreign distribution systems such as Japan (AEON), Thailand (BigC). According to Tran Thi Phuong Lan, Deputy Director of the Hanoi Department of Industry and Trade, the department has … [Read more...] about Hanoi cooperates with provinces for safe fruits and farm produce supply

The Hanoi Technology Exchange's development aims to connect with the national technology exchange and technology centers worldwide. The construction and operation of the Hanoi Technology Exchange must be completed this year, the Hanoi Department of Science and Technology has been urged. The request was made by Hanoi People's Committee Deputy Chairman Le Hong Son during a recent meeting with the department to review its performance in the first five months of the year and outline plans for the rest of 2023. Le Hong Son, Deputy Chairman of the Hanoi People's Committee, addresses the event. Photo: Phuong Nga In 2022, the City Council approved the plan to build and operate the Hanoi Technology Exchange, which is expected to be pivotal in developing the science and technology market. It will serve as a platform for consulting, brokering, facilitating technology transfer, and technology trade. According to the plan, the exchange will operate under two … [Read more...] about Launch of Hanoi technology exchange this year

Bai Bui Meadow is in Khop Village, Lac Son District, Hoa Binh Province, approximately 140 km from Hanoi, spanning about 9 hectares at an altitude of 600 meters above sea level. According to Nguyen Duc Sam, a local resident who now works in tourism in the area, it was initially used by the local community as a grazing ground for cattle. However, with the local road renovation in 2022, the spot started drawing visitors. On May 13, Vu Minh Quang from Hanoi and his friends decided to camp overnight at the meadow after finding it online. Arriving at around 10 p.m., they could not fully appreciate the scenery due to the darkness, so set up camp and rested. The following morning, they were amazed by the breathtaking view that greeted them. At dawn, they found themselves facing a vast, flat, and green lawn. Local buffaloes and cows leisurely grazed or wallowed in mud pools to cool off. … [Read more...] about Camping at an untouched meadow in northern Vietnam

The roofs of many buildings in Hanoi are covered by water tanks, which could pose dangers. It is easy to see water tanks placed on apartment buildings' roof in Thanh Xuan Bac Ward, Thanh Xuan District, from Belt Road 3. The tanks look like they could fall onto the ground at any time. The old apartments in Hanoi are usually small, so the water tanks are put on the roof. Each can contain between 500-1,500 litres of water and are reinforced with iron frames. Being exposed to weather for a long time, the iron frames can become corroded, posing a potential risk of cracking or breaking, especially during the rainy season. … [Read more...] about Rooftop water tanks pose dangers in Hanoi

The grape variety of NH01-152 grown in Ninh Thuan province (Photo: VNA) Ninh Thuan (VNA) – A contest of beautiful grapevine trellises will take place as part of the coming Ninh Thuan Grape - Wine Festival 2023 in the southern central province, promising interesting experiences for visitors. The Ninh Thuan Grape - Wine Festival 2023 is slated for June 13 - 18. Dang Kim Cuong, Director of the provincial Department of Agriculture and Rural Development, said the first ever grapevine trellis contest , one of the main activities of the festival, will bring about numerous exciting experiences for grape farmers, local residents, and visitors. The department has coordinated with localities and farmers to select 13 sites, cooperatives, and farms with beautiful trellises for the contest, he said, adding that they prioritise the gardens growing new varieties and applying high technology. A farmer tends to his grape garden in Phuoc Thuan commune of Ninh Phuoc district, Ninh … [Read more...] about Interesting experiences await visitors at Ninh Thuan grapevine trellis contest

The tie-up offers MPGS customers access to Vesta’s Payment Guarantee™ and Payment Protect solutions. — Photo courtesy of the company With merchants estimated to suffer more than US$48 billion in e-commerce fraud globally in 2023 – 22 per cent of that in Asia – Mastercard on June 2 announced the expansion of its partnership with Vesta, the global leader in payment fraud protection. Building on the two firms’ existing fraud detection collaboration, Mastercard will be integrating Vesta’s iron-clad Payment Guarantee™ and Payment Protect risk scoring solution into its Mastercard Payment Gateway Services (MGPS) platform. Starting in the second half of 2023, MPGS customers in the Asia Pacific region will be given optional access to both fraud-fighting solutions which would offer total protection for their eCommerce transactions and take their cost of fraud to zero. “To provide MPGS customers with the toughest, most impenetrable fraud protection available, Mastercard is committed to … [Read more...] about Mastercard ramps up fraud protection for e-commerce merchants