A brand new car is beyond the reach of 90 percent of buyers in Hanoi and Ho Chi Minh City, Vietnam's biggest cities, because of the multiple high taxes the government imposes on each vehicle, the leader of a local automaker has said. VnExpress quoted Bui Ngoc Huyen, chairman of local private automaker Vinaxuki, as saying at an automobile industry conference held by the Ministry of Industry and Trade on Tuesday. … [Read more...] about 90% of buyers in Hanoi, HCMC cannot afford new cars: automaker
New york auto insurance
Text: Obama’s re-election victory speech in Chicago
CHICAGO (Reuters) - U.S. President Barack Obama won re-election on Tuesday, defeating Republican challenger Mitt Romney. U.S. President Barack Obama, who won a second term in office by defeating Republican presidential nominee Mitt Romney, waves as he addresses supporters during his election night victory rally in Chicago, November 7, 2012. Photo: Reuters Following are Obama's remarks early on Wednesday to thousands of supporters at a convention center in Chicago, the president's hometown. Thank you. Thank you. Thank you so much. Tonight, more than 200 years after a former colony won the right to determine its own destiny, the task of perfecting our union moves forward. It moves forward because of you. It moves forward because you reaffirmed the spirit that has triumphed over war and depression, the spirit that has lifted this country from the depths of despair to the great heights of hope, the belief that while each of us will pursue our own individual dreams, we are an American … [Read more...] about Text: Obama’s re-election victory speech in Chicago
Global stocks end wretched 2008 with modest rally
World stocks brought down the curtain on a miserable year with modest gains Wednesday but 2008 will be remembered for key markets shedding half their worth as the global economy endured a disastrous slowdown. A janitor sweeps an empty trading floor at the New York Stock Exchange December 31, in New York City. … [Read more...] about Global stocks end wretched 2008 with modest rally
Car taxes cut from January 1
Car taxes cut from January 1 … [Read more...] about Car taxes cut from January 1
BUSINESS IN BRIEF 27/3
Although Vietnam has stepped up exports to ASEAN, the country ran a trade deficit of US$6.51 billion with the region last year, according to data of the General Department of Vietnam Customs. Vietnam’s trade with other ASEAN countries totaled US$49.53 billion last year, up 19.6% over 2016 and accounting for 11.7% of the country’s total foreign trade. Export growth outpaced import growth but the country still incurred a yawning trade deficit with the region. The country exported US$21.51 billion worth of products to other Southeast Asian countries, growing 23.9% against the previous year, while imports grew by 16.4% year-on-year to US$28.02 billion. The surge in exports to ASEAN is thanks to higher export revenues from mobile phones and phone parts (up US$948 million), iron and steel products (up US$722 million), computers, electronic products and components (up US$488 million), crude oil (up US$378 million), and textiles-garments (up US$181 million). Meanwhile, Vietnam … [Read more...] about BUSINESS IN BRIEF 27/3