VietNamNet Bridge - With unsatisfactory sales result in 2010, a big worry about the increases of the imports on the domestic market in 2011 has appeared vividly to the members of the Vietnam Automobile Manufacturers' Association VAMA. The appearance of one more car importer in Vietnam not only shows the attractiveness of Vietnam's car market, but also shows the growing tendency of importing cars to Vietnam. … [Read more...] about Import cars will dominate the Vietnamese market?
(VEN) - In recent years, trade relations between Vietnam and Poland have developed and Poland has become the number-one partner of Vietnam in the mid-European region. However, bilateral trade relations still lag behind the demands of businesses of the two countries. To increase the presence of Polish businesses in Vietnam, Poland will send more business delegations to Vietnam to learn about the Vietnamese market and seek cooperation opportunities. Trade between Vietnam and Poland has grown annually, from US$125 million in 2001 to US$650 million in 2008. Despite the impact of the global financial crisis, bilateral trade reached US$550 million in 2009. Last year, bilateral trade reached US$700 million. In the first three months of 2012, Vietnam exported to Poland US$117.5 million worth of products, up 34.17 percent compared with the same period last year, and imported from Poland US$41.3 million worth of products, up 28.77 percent. Vietnam imported from Poland mostly milk and milk … [Read more...] about Polish firms eye 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
Pepsi once witnessed the prosperous development in Vietnam with the advantage of the pioneer on the market. However, this does not mean that it has successfully dislodged Coca from its position in Vietnam. The pioneer One of the factors that gives big advantages to Pepsi was that Pepsi came to Vietnam first. In early 1990s, when Vietnam began its market, there was nearly no famous soft drink brand except Tribeco and some small brands which had been existing prior to 1975. It was really the ideal time for Pepsi to conquer the Vietnamese market and immediately dominated the market, from the south to the north. At that time, all Vietnamese small soft drink brands quickly disappeared from the market just after Pepsi carried out sale-off campaigns. With the too low prices, plus the fame of "the leading soft drink manufacturer in the world," Pepsi defeated all Vietnamese rivals just after a short time. Tribeco, a joint venture between a Vietnamese company and a German partner, had … [Read more...] about Coca-Pepsi: the decisive battle on Vietnamese market continues
Vietnam has been importing too many kinds of products from China which can be made domestically. Vietnamese consumers have been unintentionally enriching Chinese enterprises. Following different ways, Chinese goods have been creeping to every corner of the Vietnamese market and have been firmly cementing their positions there. According to Dr Doan Huu Tue, a Lecturer of International Commercial Law under the education cooperation program between the Hanoi University for Foreign Trade and French Tours University, the trade deficit with China has increased rapidly by 4.76 times, from 2.67 billion dollars to 12.7 billion dollars in 2010. Especially, the trade deficit has been increasing significantly since the ASEAN-China Free Trade Agreement (ACFTA) became valid on January 1, 2010, which is a foreseeable thing. In the context of trade liberalization, the "dependency" between those economies is understandable. However, according to Tue, it would be more exact to say that Vietnamese … [Read more...] about Chinese goods creep into every corner of Vietnamese market