Regarding mechanics, VNR will invest in automation of manufacturing factories so as to develop into two modern manufacturing sites to assembly locomotives and railroad cars, and produce spare parts with localisation rate increasing to 50 per cent for locomotives and over 70 per cent for railroad cars. In terms of transport, the giant will increase connection with other means of transport such as road, sea, and air while ensuring rising application of technologies to ensure safety and increase service quality, administration, operation, and capacity. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
Tax incentives for hybrids
Asahi said that Tenma representatives on April 1 confessed to prosecutors in Tokyo that its subsidiary Tenma Vietnam in June 2017 had imported a batch of molds and Vietnamese officials demanded a value-added tax of JPY1.8 billion ($16.7 million). … [Read more...] about Vietnam investigates alleged $215,000 bribery by Japanese firm
To reduce air pollution from vehicle emissions effectively, the ministry proposed the prime minister consider and submit its plan to offer preferential policies and programs to incentivize the consumption of renewable energy and electric vehicles to the National Assembly. … [Read more...] about Environment Ministry proposes promoting eco-friendly vehicles
The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, but is the world?