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
New global marketing drums pa
Launch of Hanoi technology exchange this year
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
Mastercard ramps up fraud protection for e-commerce merchants
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
Interesting experiences await visitors at Ninh Thuan grapevine trellis contest
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