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Unlocking Vietnam as a promising auto market
May 27, 2021 – Vietnam Investment Review
The competition in the Vietnamese automobile market is increasingly fierce, being fuelled by various bilateral and multilateral trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, the Regional Comprehensive Economic Partnership, and the EU-Vietnam Free Trade Agreement. At the regional level, Vietnam has removed import tariffs on cars from ASEAN countries since 2018 as part of their ASEAN Free Trade Agreement commitments.
Beverage battle fizzes up for domestic and foreign players
May 27, 2021 – Vietnam Investment Review
Non-alcoholic beverage producers in Vietnam have reported impressive growth thanks to the large space for development, which is the basis for both foreign and domestic players’ long-term investment commitment.
One-stop shop: How RS’s vast range of products helps customers run a more efficient business
May 27, 2021 – The Saigon Times
One of the biggest factors for companies trying to reduce their costs and increase efficiency in indirect procurement is the number of suppliers they need to work with. When it comes to MRO (Maintenance, Repair and Operations) procurement, consolidating suppliers to a smaller list is a crucial part of removing cost and complexity from the process. But to achieve this, your chosen suppliers need to offer as wide a range of products as possible.
U.S. imposes antidumping duty on certain Vietnamese tire makers
May 28, 2021 – The Saigon Times
The United States will impose an antidumping duty of 22.3% on certain Vietnamese tire makers, who make up some 4.5% of Vietnam’s total exports of automobile tires to the U.S., the U.S. Department of Commerce (DOC) announced early this week.
Electricity prices still not falling despite oversupply
May 27, 2021 – Vietnamnet
The Electricity of Vietnam’s (EVN) latest report showed that the Covid-19 pandemic has led to a decrease in electricity demand. The real electricity output in 2020 was 247 billion kwh and the additional charge growth rate was 3 percent.
Ascend Vietnam venture capital firm launched to invest in Vietnam’s startup ecosystem
May 27, 2021 – Vietnam Investment Review
Ascend Vietnam Ventures is the newest venture firm focusing on investing in seed-stage companies in Vietnam. Started by two 500 Startups partners, the firm plans to invest from $500,000 to $2 million in 25 companies in the country in the next three years.
Taxing unoccupied villas: one solution for creating fair housing market
May 26, 2021 – Vietnamnet
A reasonable taxation policy is expected to help settle several problems, including excessive investment in high-end apartment and villa projects, and speculation buying.
Goods face strict customs inspections as smugglers continue to violate laws
May 27, 2021 – Vietnamnet
The General Department of Customs (GDC) said that risks in transit services continue to exist as smugglers try to carry prohibited goods into Vietnam.