According to Bangkok Post, the conglomerate is targeting an initial public offering in this year’s first quarter with the expected value of THB61 billion ($1.87 billion). However, the path for Central Group remained bumpy due to the COVID-19 gripping both Thailand and Vietnam in the past months. … [Read more...] about Central Group slows down performance in Vietnam
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Honda import strategy unable to avail of fee cuts
According to the Vietnam Automobile Manufacturers Association (VAMA), car sales hit a five-year low, dropping 36 per cent on-year to about 61,000 units in the first four months of this year due to the slump in demand triggered by the COVID-19 pandemic. Thus, the VAMA proposed the government to consider relaxing and reducing taxes for car-makers, both to support maintaining production and to stimulate consumption. The proposed measures include a 50 per cent reduction in VAT and a 50 per cent registration fee for automobiles to stimulate consumption, the latter of which has just been approved. … [Read more...] about Honda import strategy unable to avail of fee cuts
