Marketing auto repair business

Despite such problems, the efforts of the government and relevant ministries in recent times have yielded positive results and Vietnam’s business climate has improved remarkably so far. There has been a rapid increase in the number of enterprises and the quantity of registered capital, while the proportion of businesses ceasing operations or dissolving has also seen a sharp decline. Notably, a number of sub-licenses have been removed while administrative reforms and customs procedures have also been reduced. Showing the success of reforms, 99% of enterprises have paid their taxes online. A report on the implementation of resolution 19 on tasks and solutions to improve the business environment and the global competitiveness report 2017 by the World Economic Forum has shown that Vietnam’s competiveness moved up five places in 2017 compared to 2016 when it was placed in55th position out of 137 economies. The business environment index also climbed up 14 spots while the … [Read more...] about Radical reform needed to improve business climate

Vietnam’s Ambassador to Cambodia Vu Quang Minh speaks at the event. Upon addressing the forum, Vietnam’s Ambassador to Cambodia Vu Quang Minh emphasised that businesses located throughout the Mekong Delta region have great potential for cooperation with Cambodian partners due to a favourable geographical location for trade exchange, in addition to supplements of economic sectors among firms and markets of both nations. This forum provided an opportunity for enterprises from both countries to boost connectivity with customers in the fields of investment and trade and fully tap into the potential and strengths of each respective nation. Nguyen Phuong Lam, VCCI Director of the Can Tho Branch, expressed his hope that the forum will herald in a new co-operation relationship between busineses from both Vietnam and Cambodia. He noted that domestic businesses consider Cambodia to be a close, important, reliable, and effective partner. Most notably, the Mekong Delta region … [Read more...] about Vietnam – Cambodia Business Cooperation Forum opens

Farmers of Hoang Anh Gia Lai Agricultural JSC (HNG). On the stock market, HNG shares have been falling from the peak of VND19,000 per share recorded in mid-July. It closed Monday at VND14,550 per share. — Photo haagrico.com.vn Truong Hai Auto Corporation (Thaco) has registered to buy five million shares of Hoang Anh Gia Lai Agricultural JSC (HNG). HNG is the business arm of farming group Hoang Anh Gia Lai Joint Stock Company (HAG). Thaco expects to spend VND73 billion (US$3.2 million) for the acquisition. The transactions will be conducted via agreement or order matching method, from December 4 this year to January 2 next year. After the purchase, Thaco will hold 296.4 million HNG shares, 26.7 per cent of the firm. Thaco currently holds 291.4 million HNG shares. Thaco and HAG signed a co-operation contract in August 2018. Thaco Chairman Tran Ba Duong pledged to pour capital into HNG, help implement the HAG Myanmar project and arrange HNG’s loan structure. In the first nine … [Read more...] about Thaco to buy five million shares of Hoang Anh Gia Lai Agricultural

The guideline classifies automobiles into three categories based on their manufacture year, speciafically cars made before 1999, those made between 1999 and 2008, and those made after 2008. In particular, emissions from cars manufactured after 1999 are allowed a maximum carbon monoxide concentration of 3.5 percent starting January 1, 2020; while 4-stroke diesel vehicles are allowed a maximum volume hydrocarbon of 800ppm and a maximum HSU smoke opacity of 60 percent. Meanwhile, the current limits still apply to cars manufactured before 1999 since older cars are manufactured using old technology so it is more difficult for them to meet higher standards, explained the Vietnam Register. However, these vehicles will have their inspection stamps marked in red. This would serve as a reminder for car owners and buyers who can choose to either continue a marked vehicle or make plans to replace them with a better one. In the face of the situation, many car owners fear that their domestically … [Read more...] about New automobile emission guideline to be implemented

  Officers of Cốc Nam Customs Department in Lạng Sơn Province, which shares a border with China, perform a check on imported products. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — Economic and trade relations between Việt Nam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Việt Nam is fast becoming an attractive investment destination for Chinese enterprises. According to the Foreign Investment Agency under the Ministry of Planning and Investment, China invested about US$1.6 billion in Việt Nam in the first fourth months of this year, making it the country’s fourth largest source of foreign investment. Several large projects were funded by Chinese investors in the period including a tire manufacturing project with total registered capital of $280 million in the southern province of Tây Ninh and another tire … [Read more...] about Việt Nam, China trade ties continue to develop