Vietnamese students are scheduled to begin their campaign at a fuel-efficient car design competition in the Philippines on Friday. Five student teams from four universities in Hanoi, Ho Chi Minh City, and Dong Nai Province will compete against over 95 other teams from 14 countries at the Shell Eco-marathon Asia 2014 organized on a street circuit in the heart of the Philippine capital of Manila, the sponsor Shell said on its website. Student teams entering more than 100 model vehicles may participate in the Prototype or UrbanConcept vehicle categories of the competition. The Prototype category will see teams using cars of the future - streamlined vehicles focused on maximizing fuel-efficiency through innovative design elements. The UrbanConcept category will be dedicated to more "roadworthy" fuel-efficient vehicles that can meet the real-life needs of drivers and are closer in appearance to the higher-mileage cars seen on roads today. Success is not measured by speed but by … [Read more...] about Vietnamese students to compete at fuel-efficient car competition
Used cars philippines
Stalled car industry unable to find new growth engine
Much has been said about Vietnam's auto industry not making good on its growth potential over the last two decades, and officials and industry insiders have traded blame for this failure. Officials have blamed the auto makers and assemblers for not taking advantage of incentives they've been given, while the government has taken flak for unstable, unclear plans and policies, as also unreasonable tax hikes. As foreign investors seem to favor other ASEAN members like Indonesia and Thailand; and Vietnam's auto industry struggles to stay afloat, the lack of policy and tax support has come into focus again. Industry insiders say that over the last two decades since the auto industry was established, frequent policy changes have deterred foreign investors and prevented "a clear image" of the industry from emerging. They say the government has changed plans every couple of years about the vehicle or vehicle categories it wants to focus on, and it has kept increasing taxes despite … [Read more...] about Stalled car industry unable to find new growth engine
Using External Force to Promote Internal Force
According to the data by the Ministry of Planning and Investment, in the first five months of 2007, Vinh Phuc Province achieved an industrial growth rate of 55.7% over the same period last year, the highest growth in the whole country. Binh Duong ranked second with a 23% increase. This is an encouraging sign for the Province on its path of industrial development. Industries with foreign direct investment (FDI) account for 50% of the total investment, ranking the Province in 8 th place among the FDI receivers in Vietnam in 2006 and on the list of the first ten provinces having budgetary revenue of more than 1,000 billion VND. thProgressing by the external force After being established in 1997, Vinh Phuc Province, a poor agricultural semi-mountainous land, ranked 41st in terms of industrial productivity among the 61 cities and provinces in the country. To escape poverty, the provincial authorities set out an orientation to develop industries by establishing industrial parks to attract … [Read more...] about Using External Force to Promote Internal Force
ACFTA paves the way for Chinese cars to penetrate Vietnamese market
Experts have warned that the Vietnam’s automobile industry would be threatened as automobile manufacturers would become traders once the low import tariffs under the ASEAN-China Free Trade Agreement (ACFTA) become effective from 2015. ACFTA, which took effect on January 1, 20arial10, is considered the tool that paves the way for Chinese cars and car parts to penetrate into the South East Asian market. Under the agreement, since 2010, China and six ASEAN countries, including Thailand, Malaysia, Indonesia, the Philippines, Singapore and Brunei would impose the import tariffs of 0.1-0.6 percent on cars and car parts. Meanwhile, Vietnam, Myanmar, Laos and Cambodia would begin applying the tariffs from 2015. Experts believe that in general, Chinese cars would find it uneasy to penetrate the Vietnamese market, because Vietnamese people favor the products with well- known brands. Chinese Haima, Geely and Lifan brands have been trying to conquer the Vietnamese market. Most recently, … [Read more...] about ACFTA paves the way for Chinese cars to penetrate Vietnamese market
Typhoon Nesat pounds Philippines, markets closed
Typhoon Nesat pounded the Philippines' main island on Tuesday, lashing crop-growing provinces and bringing the capital to a near standstill as it disrupted power supplies and closed financial markets, government offices, transport and schools. At least one person, a 22 month-old boy, died in the storm, and four people were reported missing. Nesat was a category 3 typhoon with winds of around 200 km per hour (125 mph) when it hit northern provinces of Luzon island just before dawn on Tuesday. It lost some strength as it moved west northwest at about 20 kph. Large portions of the capital Manila, a city of 13 million, were without power, and the light rail networks were shut as a precaution, officials said, after high winds cut power lines and toppled electric posts. Most domestic flights were cancelled. "This is only a temporary shut-off, so that there will be no accidents, no short circuit, because if electric posts are toppled, there might be short circuits," Benito Ramos, head … [Read more...] about Typhoon Nesat pounds Philippines, markets closed