Only 337 cars of all kinds were shipped to the country, according to data of the General Department of Customs. Of the imports, there were only 17 passenger cars with nine seats or less, amounting to 567,000 USD. Notably, no cars were imported from Indonesia and India. Photo for illustration only In 2017, Indonesia was among the top countries after Thailand with the highest number of exported cars to Vietnam. India too had a relatively large number of exported vehicles in 2016. However, in January this year, both the countries did not export any car to Vietnam. Meanwhile, Thailand lost its recognition as the largest import car market in Vietnam, with only 36 vehicles exported to the country since the beginning of the year. Among the automobile export markets to Vietnam in January 2018, Russia suddenly rose to the top, with 159 vehicles being exported, worth 274 billion VND (12.03 million USD), equivalent to 1.7 billion VND each. Under a deal on autos signed between … [Read more...] about Auto imports drop following government’s new decree
New build 2 year warranty
Education firm receives IDG Ventures investment
In Briefs (05-04-2008) Education firm receives IDG Ventures investment HCM CITY — The Education Services and Investment Joint Stock Company which runs the website www.hocmai.vn announced yesterday that it had received an investment from US fund IDG Ventures Viet Nam. "IDG has become our strategic partner and its funding will be used to further infrastructure improvement and brand enhancement as well as research and development of new e-learning services," said general director Pham Giang Lam. The company is the 23rd in Viet Nam receiving investment from this US$100 million technology venture capital fund. Ha Noi Milk post-tax profit gains of 165 per cent HA NOI — Ha Noi Milk produced 20 million litres of milk last year, achieving total revenue of VND350 billion (US$21.8 million), a 104.6 per cent rise year-on-year. The company, which turned five years old recently, earned about VND11.9 billion ($744,000) in post-tax profit last year, up 165 per cent from 2006. AIA Viet Nam … [Read more...] about Education firm receives IDG Ventures investment
Sufat and the dream of Vietnamese trade-mark motorbikes
Hanoi Times - For ten years operating in the motorbike market, Sufat Vietnam Company Ltd. has always tried to introduce Vietnamese trade-mark motorbikes of high quality and safety to serve Vietnamese. The company will introduce two new models on December 1, 2007, at the prices of VND 12 million (Sufat Naiad 110cc) and VND 11 million (Sufat Super Retot 100cc). Equipped with four-stroke engines manufactured on Japanese technological line, spare parts imported from Japan, Republic of Korea and Thailand, which save fuels and minimize toxic emissions, and modern, luxurious and fashionable designs, Sufat Naiad and Super Retot are very suitable to Vietnamese consumers' stature and the country's traffic conditions. According to Sufat Vietnam General Director Pham Cuong, all Sufat motorbikes are produced under ISO standards and strictly examined before being delivered to agencies and shops. They are granted with one-year warranty (or first 12,000 km) and 12 free technical … [Read more...] about Sufat and the dream of Vietnamese trade-mark motorbikes
Deadly holes expose poor road-building quality
Four deadly holes found on two streets in Ho Chi Minh City in the past 20 days prompted concerned agencies to review the quality of the roads, which have only been open since mid-August. … [Read more...] about Deadly holes expose poor road-building quality
Opportunities in Myanmar open
(VEN) - Only a few years ago, Myanmar's economic circumstances might have reminded many people of Vietnam during the early years of the Doi Moi (Renovation) period. But it's surprisingly different now. Apart from older cars and taxis, there are new models found on the roads. Motorbikes are banned in the former capital of Yangoon. New buildings and shopping centers have also been built, showing real potential in the country's new development period. Myanmar has an area of 676,000 km2, twice as large as Vietnam and has a population of about 54.6 million. A majority of Myanmar people speak English as it was a former British colony before gaining independence in 1948. In 2011, Myanmar's GDP stood at US$52 billion and despite average incomes of below US$1,000 per year, people's living conditions have improved. … [Read more...] about Opportunities in Myanmar open