Motors used in electric vehicles

Indonesia mulls reducing tax on EVs sales to 1% (Photo: AFP/VNA) Jakarta (VNA) – Coordinating Ministry of Maritime Affairs of Indonesia said it is considering reducing the value-added tax on electric car sales from 11% to 1% to drive up demand and attract investment. Septian Hario Seto, a senior official of the ministry, said the country has a target of having at least 1.2 million electric motorcycles and 35,000 electric cars in use by 2024. He revealed the government will give a cash incentive of 7 million rupiah (467.6 USD) for every electric motorcycle sold until sales reach a certain volume that is still under discussion. However, the planned incentives may only be available for electric vehicles (EVs) that are at least 40% locally-made. The official said the local content percentage will be increased further to 60% and more in the time ahead. The regulation laying out incentives for EVs is expected to be issued next week./. VNA … [Read more...] about Indonesia mulls reducing tax on EVs sales to 1%

The Thai government's spokesman Anucha Burapachaisri. (Photo: nationthailand) Bangkok (VNA) – The Thai government's spokesman Anucha Burapachaisri said on February 1 that the Ministry of Industry has signed a memorandum of understanding (MoU) with Japan’s Ishikawa prefecture to forge links between local enterprises. Anucha stressed that Ishikawa is the 23rd out of Japan’s 47 prefectures to sign an MOU with Thailand to promote industrial cooperation under the theme of “Otagai”, which means “to help each other”. On the Thai side, the Department of Industrial Promotion will match cluster industries in Ishikawa, including machinery, textile and fibre, food and agriculture, with suppliers and partners in Thailand. Both sides also agreed to participate in the 22nd Otagai Forum in Nanao City, Ishikawa, on February 22 to promote collaboration in the carbon-fibre-reinforced polymer and food processing industries and the bio-circular and green (BCG) economy. Anucha said over … [Read more...] about Thai, Japanese businesses forge links

The Thai baht (Source: http://jakartaglobe.id) Bangkok (VNA) - The Bank of Thailand (BoT) and Japan’s Finance Ministry on March 9 signed a memorandum of understanding on cooperation to promote the use of their local currencies in order to settle bilateral trade and investment. Japan ese authorised agencies will intensify information sharing and organise periodical discussions to effectively serve transactions between the two currencies. At present, nine commercial banks participate in the cooperation by providing the direct exchange rate quotation and promoting foreign exchange transactions in yen and baht in the interbank markets as well as trade with their customers. VNA … [Read more...] about Thailand, Japan sign deal to promote local currency use

A petrol station in HCM City. The Ministry of Industry and Trade has proposed that fuel prices be adjusted weekly on Thursday. — VNA/VNS Photo Prime Minister Pham Minh Chinh asked the Ministry of Industry and Trade (MoIT) to take measures to ensure the supply of all key commodities, especially fuel, and to stabilise the country's distribution channels for the economy after the Tet (Lunar New Year) holiday. Vietnam Electricity (EVN) was told to speed up the construction and implementation of major power projects, including renewable energy, to ensure enough power for the country's crucial industries. In addition, priority should be given to connecting isolated and remote communes to the national power and telecommunication networks. MoIT, the ministry in charge of Viet Nam's power sector, was told to quickly finish and submit the country's Power Planning VIII to the central government for review. The PM said the country's top priority in the short term is to focus on boosting … [Read more...] about MoIT propose adjusting fuel prices every Thursday

Lieut. Gen. To An Xo (Photo: VNA) Hanoi (VNA) – Violations at vehicle registration centres have signalled an organised corruption case , causing severe losses to the society, Lieut. Gen. To An Xo , spokesman of the Ministry of Public Security, told the Government’s regular press conference on February 2. The Departments of Public Security in localities have to date examined 32 centres and prosecuted 248 defendants on charges of "bribery brokerage", "giving bribes", "receiving bribes" and "forgery at work", released Xo. Investigations show that some inspection and registration leaders received monthly and quarterly bribes from several registration centres to ignore errors in dossiers of vehicle owners, or violations during periodical or unexpected inspections and assessments. Regarding Viet A and rescue flight cases – which have drawn great public concern, Lieut. Gen. Xo said that the ministry is striving to complete investigations into  them within the first … [Read more...] about Violations at registration centres an organised corruption case: ministry spokesman

Last year, Vietnam’s export revenue of agro-fishery-forestry products set a record high of 53.22 billion USD, up 9.3% year-on-year. However, Europe accounted for only 11.3% of its market share. This is a modest number, although the agricultural sector has optimized many advantages of the E.U. - Vietnam Free Trade Agreement (EVFTA). One of the main reasons is said to be the union’s high requirements on farm imports, while Vietnam’s agricultural production has yet to meet green growth requirements. According to the World Bank’s report, agriculture is the second highest emitter, accounting for 19% of the nation’s total gas emissions in 2020. About 48% of the sector’s emissions and more than 75% of methane emissions are from rice production. Therefore, to boost farm exports to the E.U., the sector is advised to pay more attention to green growth indicators through making policies and roadmaps to reduce greenhouse gas and methane emissions in accordance with international … [Read more...] about Vietnam develops green agriculture to increase exports to E.U.

Dao Van Chieu, from the north-central province of Thanh Hoa, said that he received a call on Monday, his first day back in the city after a visit to his hometown for Tet . "They offered me a job listening to music and liking songs on an online music site for VND10,000 (43 cents) per song," Chieu said. Despite having previously read warnings about online tricksters, he still tried out the gig as a way to investigate and possibly warn other people of the scam. "They actually paid me VND10,000," Chieu said, "then they tempted me to send in money for high commission. The online group they established had attracted nearly 4,000 members." As soon as he joined the group, his phone began receiving a relentless flow of chat notifications. Every time someone completed a task, they would send a message to the group. "Receiving hundreds of messages means hundreds of people believed in the system and had completed the tasks," Chieu said. "Among them, many might have been deceived." … [Read more...] about Hundreds fall for post-Tet online scams

Luan provides the service to strangers for a small fee, and to friends for free. The artificial intelligence (AI) app chats with users as though it were a human being with the ability to apply encyclopedic knowledge in a variety of ways. More than one million people around the globe signed up for the app during the first week of its release in early December of last year. The AI-based chatbot became highly sought-after in Vietnam shortly thereafter. Luan said he received about 300 requests to create accounts with the chatbot in December. By mid-January, ChatGPT had taken the world by storm and the number of global users had skyrocketed. ChatGPT had signed up 10 million subscribers across the world 40 days after its launch. According to Google Trends statistics over the past three days, "ChatGPT" and "OpenAI" (the U.S. startup that created ChatGPT) have been two of the most searched keywords in Vietnam. Luan said the number of account set up requests he received last … [Read more...] about AI trend ChatGPT taking over Vietnam

The organizer of the 18+ SpaceSpeakers Live Concert - The Kosmik held in Ho Chi Minh City in November 2022 has been fined VND110 million (US$4,690) for showing three unapproved and two erotic performances. The fine decision was issued to Fansviet Co. Ltd., which is based on Nguyen Van Dau Street in Binh Thanh District, on December 14, 2022 and was signed by the city’s deputy chairman Duong Anh Duc. Fansviet organized the 18+ SpaceSpeakers Live Concert - The Kosmik at Quan Khu 7 Stadium on Hoang Van Thu Street in Phu Nhuan District on November 12, 2022. The show, which attracted an audience of 5,000 people, included three performances that did not conform to the script previously approved by the Ho Chi Minh City Department of Culture and Sports, namely ‘Live Set’ by producer TINLE, ‘Nhac Anh’ by rappers Andree and Wxrdie, and ‘A Veil of Mist’ by 11 performers. In two other performances, performers used costumes, words, sounds, images, movements, and means of expression contrary … [Read more...] about Organizer of Ho Chi Minh City’s 18+ show fined $4,690

The country is forecast to be the second-fastest growing economy in Asia-Pacific this year. Vietnam would continue to prioritize macroeconomic stability and containing inflation in anticipation of greater challenges from both domestic and international fronts in 2023. Prime Minister Pham Minh Chinh at the meeting. Photos: VGP Prime Minister Pham Minh Chinh gave the remarks during a monthly Government meeting today [February 2]. According to Chinh, Vietnam’s socioeconomic performance in January has been positive with strong results in all fields and sectors, especially in industries, agriculture, and tourism. The World Bank in its latest global economic outlook report forecast Vietnam’s GDP in 2023 at 6.3% year on year, down 0.2% from the previous assessment, but still the second highest in Asia-Pacific. In addition to economic development, the authorities have taken measures to ensure social welfare and provided financial support for 25 million eligible … [Read more...] about Vietnam prioritizes macroeconomic stability in 2023: PM