Car industry in need of overhaul
(Aug 28, 2014)
Mechanical engineering is the key to the growth of Viet Nam's
underdeveloped car industry, which is plagued by too many small
operators, limited production of sophisticated components and a low
The Government has signed Decision 888/QD-TTg
approv-ing the restructuring plan of the Viet Nam Post and Telecom Group
(VNPT) for the 2014-15 period.
The value of Viet Nam's farm, forest and fisheries exports reached
US$17.43 billion in the first seven months of 2014, up nearly 12 per
cent year on year.
The recently issued Decree 63/2014/ND-CP, which has details of the Law
on Bidding, is expected to ensure transparency and efficiency, and help
avoid any overlap during the bidding process.
The adjustment in the selling price of petroleum has stirred a
controversy, especially in its transparency though it has become more
flexible.Tran Van Thinh, General Director of the Viet Nam National
Petroleum Group (Petrolimex) told Vietnam News Agency about the
publicity and transparency in petrol trading.
The luxury car market has been buzzing this year with the appearance of
new brands and models. But Sergio Solero, managing director of BMW Group
Asia, tells Viet Nam News his company is not fazed by competition.
Viet Nam is a developing country, and it has
lacked equip-ment and materials to improve infrastructure to develop a
market for domestic consumption and exports because it lacked local
Viet Nam's economy has been stable for the first half of the year with a
GDP growth rate of 5.18 per cent and inflation at 1.38 per cent. Dr Vo Tri Thanh, Deputy Director of the Central Institute for Economic Management talks about the issue.
In recent years, AIA Vietnam and the National Fund for Vietnamese
Children have jointly organised many community-oriented activities for
underprivileged children. Stephen Clark, Chief Executive Officer of AIA Vietnam,
shares with the press his thoughts about these community activities.
Introduced to Viet Nam only 4-5 years ago in major
cities, the popularity – and availability – of electric bikes has
exploded nationwide over the last two years.
An interview with Mr. David Victor Thomas, General Director, Knauf Viet
Nam was conducted to reveal underlying reasons for this key player to
invest heavily in Viet Nam's construction material market.