News headlines 4 december 2017

A 22-year-old man and a three-year-old boy who traveled to Vietnam from China’s Wuhang City, where the pneumonia outbreak started in late December, were part of a tour group. Their temperatures were high and both were quarantined right after landing at the Da Nang Airport. … [Read more...] about Chinese tourists quarantined in Da Nang not infected with deadly virus

The impact of global inflation on Vietnam’s economy may be unsubstantial. Since 2014, Vietnam’s inflation has been stable at under 4% per year, principally assisted by controlled credit growth and stable money supply (M2), at 15%-20%. Last year, credit growth was only 13%, which helped keep monetary inflation under control. The salary growth in 2020 is not high, which thus minimizes demand-pull inflation. However, the highest risk is projected to come from cost-push inflation. Pork price has risen sharply during the past three months, which boosted year-on-year (YoY) inflation by the end of December to 5.2%. According to Bao Viet Securities Company’s report, CPI YoY will be especially high (5%-5.5%) in the first half of the year before cooling down toward the end of the year. Generally speaking, CPI YoY by the end of 2020 will be around 3.2%-3.6% while the average CPI in 2020 may be more or less 4%. … [Read more...] about Not too many macro fluctuations expected for 2020

By 2030 Hue should become one of Southeast Asia's distinctive, big centers in terms of culture, tourism and healthcare, and one of Vietnam's big centers in terms of science and technology, education and training, national defence and security, the resolution says. … [Read more...] about Hue set to achieve federal city status by 2025

Jakarta (VNA) – Indonesia sold 1.03 million cars in 2019, a drop of 10.8 percent year on year from 1.15 million units the previous year, due to the weak demand and other factors, according to the car manufacturer association (Gaikindo). In December only, 86,582 cars were sold, lower than the 90,798 units sold in November and 87,846 vehicles in the same period of 2018. The market leader was still Toyota, with the sale of 333,222 units, followed by Daihatsu 177,284 units, and Mitsubishi 161,765 units. Earlier, Gaikindo had predicted the car sales would not be achieved because of low demand, tight competition, and influx of new players and variants from abroad, such as Wuling, Mitsubishi Xpander, and Nissan. According to analysts, car sales still have an opportunity to enjoy a two-digit growth if the economy grows by around 7 percent. They expect that throughout 2020, discount wars will decrease significantly as the producers are beginning to maintain their profit … [Read more...] about Indonesia’s car sales fall nearly 11 percent in 2019

Hanoi (VNA) – A total of 21,127 automobiles were sold in March 2018, a surge of 70 percent over the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on April 10. The VAMA revealed that among the sold vehicles, there were 12,858 passenger cars, a month-on-month increase of 48 percent, along with 6,949 commercial and 1,320 special-purpose vehicles, up 109 percent and 222 percent, respectively. In terms of origin, the number of domestically assembled vehicles was 18,777 and imported automobiles were 2,350, representing rises of 76 percent and 37 percent against the previous month. The VAVA’s monthly report also showed that new Honda cars were introduced in the month – Jazz, CR-V, Civic and Accord – which were imported from Thailand. In the month, Honda sold 1,311 cars, up 24 percent year on year. In the first three months of this year, a total of 59,558 vehicles of all kinds were sold, a drop of 8 percent from the … [Read more...] about Automobile sales surge 70 percent in March