Chinese electric cars, not yet licensed for use, available in Hanoi Despite not yet being licensed for circulation, the first electric cars have been imported from China to Hanoi and sold to consumers. At a shop of motorbikes and bicycles on Thai Phien Street in Hoan Kiem District, H., the shop’s owner, confirmed with Tuoi Tre (Youth) newspaper’s correspondents said he had sold the first Chinese electric car to a customer. “We don’t lack supply but we import such cars only when customers pay deposits to us to purchase them,” H. said. He also said the price of electric cars ranged from VND50 million ($2,340) to VND70 million ($3,280) per vehicle, depending on models, number of seats, color and weight. He added that an electric car imported from China has from one to four seats, runs on electrically rechargeable batteries, and weighs 500 kilograms at maximum. After hearing Tuoi Tre report about the appearance of such Chinese cars, Colonel Dao Vinh … [Read more...] about BUSINESS IN BRIEF 5/2
52 week savings challenge
BUSINESS IN BRIEF 13/6
Da Nang sets economic goals towards 2030 The central city of Da Nang aims to have the GRDP growth of 9 – 11 percent and GRDP per capita ranging between 7,000 USD and 9,000 USD for 2018 – 2030. The goals were mentioned at a workshop held by the municipal People’s Committee on June 11 to discuss the city’s development by 2030 with a vision towards 2045. The workshop gathered urban planners, economists and policy makers both at home and abroad. These experts shared hands-on experience from a number of local and foreign cities to give leaders of Da Nang a broader view of the city’s advantages, competitiveness, capacity to expand urban spaces in tandem with development of public transport, and how to build policies and raise capital for infrastructure development and develop the city sustainably. To meet the achievements, Da Nang plans to achieve strong economic growth with breakthroughs by promoting Industry 4.0 and international integration; develop a … [Read more...] about BUSINESS IN BRIEF 13/6
BUSINESS IN BRIEF 7/5
Enterprises seek funds to bid for gold The Vietnam Gold Business Association has written to the State Bank of Vietnam (SBV), proposing loans for enterprises to buy gold via auctions. SBV has specified the minimum gold volume to bid for is 1,000 taels, requiring bidders to have abundant working capital. However, gold trading businesses are not as financially strong as banks, says a dispatch sent from the association. “The above requirement has created an unfair competition, eliminating many gold trading enterprises, especially the medium-sized ones, from gold auctions, going against the Government’s policy for helping businesses overcome the current tough times, with the most practical solution being preferential credit packages,” says the dispatch. Many gold trading enterprises have extensive networks across the country, with deep knowledge and long experience in the industry. They can help increase gold supply for the domestic market, satisfying the goal of … [Read more...] about BUSINESS IN BRIEF 7/5
Social News In Brief 21/12
ADB approves loans totaling $299 million to promote inclusive growth in VNThe Asian Development Bank’s(ADB) Board of Directors has approved loans totaling US$299 million to help improve basic infrastructure services and promote inclusive growth in northeastern and north-central provinces of Việt Nam.Loans of $149 million will finance the basic infrastructure development in the north-central provinces, which aims to upgrade roads, improve rural water supply as well as flood protection, irrigation and port services in the four provinces of Hà Tĩnh, Nghệ An, Quảng Bình and Quảng Trị.The project is also expected to improve the capacity of provincial governments, particularly in public assets management.The Government will contribute $54.52 million to the project.A $150 million loan will fund to the construction and upgradation of basic infrastructure in the northeastern provinces, which aims to improve economic connectivity and raise … [Read more...] about Social News In Brief 21/12
Social News 25/11
Danang Int’l Airport welcomes its 6 millionth passenger On November 24, the Danang International Airport surpassed a milestone, welcoming its six millionth passenger to the south-central coastal city, according to airport officials. “Pham Van Tai was the lucky six millionth traveller to the city to pass through the airport doors,” said airport Vice Director Ngoc Hai. Hai said he was presented a free round trip air ticket for use on any Vietnam Airlines flight in Asia. Two other passengers – Le Duy Diep, the 5,999,999th and Nguyen Van Tuan, the 6,000,001st – were presented with free round trip business-class tickets for any Vietnam Airlines domestic flights. This year, the airport expects to welcome an estimated 6.7 million passengers. Police break up drug ring on Vietnam-Laos border Authorities in the north-central province of Quang Tri busted Monday an illicit ring that supplied drugs and unlawfully organized gambling near the Vietnam-Laos … [Read more...] about Social News 25/11