Vietnam Economy Forum

[CountStrike]

Indonesia overtakes Thailand to become Vietnam’s top car supplier in August
By Ha Phuong September 18, 2017 | 02:40 pm GMT+7
Tariff cuts under a regional trade deal are making cars from Southeast Asia more affordable in Vietnam.
Indonesia dethroned Thailand to dominate Vietnam’s car market in August, with Toyota and Ford among the most popular brands, according to Vietnam Customs.

Nearly 3,000 made-in-Indonesia cars flooded into Vietnam in August, compared to 438 units during the same period last year, official data showed. Most of the vehicles had nine seats and below.

Thailand was the runner-up, exporting 2,000 cars to Vietnam, followed by China with 800 units.

The import tariff on cars from Thailand and Indonesia was cut to 30 percent from 40 percent at the start of this year, according to tax authorities. As a result, many imported cars are now 7 percent cheaper, ranging from $18,000-19,000.

Vietnam’s car imports in August soared 13 percent from the previous month to about 7,800 units worth $190 million, customs data shows.


Vietnam imported at total of 65,485 cars in the first eight months, down 5 percent on-year. Over 60 percent of those came from Thailand and Indonesia.

The surge in imports from Southeast Asian countries is expected to continue when the import tariff on cars is abolished at the start of 2018 under the ASEAN Trade in Goods Agreement.
https://e.vnexpress.net/news/busine...nam-s-top-car-supplier-in-august-3643095.html

 

[fadine]

I am running a Suzuki Ertiga 2016, made in Indonexia.

 

[TaiShang]

China Photovoltaic Industry Association established in Vietnam
Xinhua, October 18, 2017

HANOI, Oct. 17 (Xinhua) -- China's Photovoltaic (PV) Industry Association was set up here on Tuesday, the first Chinese trade association established by the China Chamber of Commerce in Vietnam aimed at boosting economic and trade cooperation between the two countries.

Addressing the association's launching ceremony, Hu Suojin, commercial counselor of the Chinese Embassy, said the association could play an active role in improving the quality and level of economic and trade cooperation between China and Vietnam, and provide a positive guide for Chinese PV firms to invest and operate in Vietnam.

The growth of Chinese PV companies in Vietnam in recent years has helped the Vietnam society better understand PV industry, especially in the country's southern region, which houses many solar power stations using "Made in China" equipment designated for rural families, the newly-elected chairman of the Association Yang Yongzhi told Xinhua.

The association will enable Chinese enterprises to bring China's PV industry with more than 10 years of experience to Vietnam, helping its PV application market develop more robustly and people enjoy the benefit of solar power, said Yang, who is the CEO of Vinasolar, a large photovoltaic company in Vietnam's northern Bac Giang province.

He added that more competitive photovoltaic companies will come to Vietnam to enhance economic cooperation and understanding between the two countries in the future.

http://www.china.org.cn/world/Off_the_Wire/2017-10/18/content_41748279.htm

 

[Viva_Viet]

China Photovoltaic Industry Association established in Vietnam
Xinhua, October 18, 2017

HANOI, Oct. 17 (Xinhua) -- China's Photovoltaic (PV) Industry Association was set up here on Tuesday, the first Chinese trade association established by the China Chamber of Commerce in Vietnam aimed at boosting economic and trade cooperation between the two countries.

Addressing the association's launching ceremony, Hu Suojin, commercial counselor of the Chinese Embassy, said the association could play an active role in improving the quality and level of economic and trade cooperation between China and Vietnam, and provide a positive guide for Chinese PV firms to invest and operate in Vietnam.

The growth of Chinese PV companies in Vietnam in recent years has helped the Vietnam society better understand PV industry, especially in the country's southern region, which houses many solar power stations using "Made in China" equipment designated for rural families, the newly-elected chairman of the Association Yang Yongzhi told Xinhua.

The association will enable Chinese enterprises to bring China's PV industry with more than 10 years of experience to Vietnam, helping its PV application market develop more robustly and people enjoy the benefit of solar power, said Yang, who is the CEO of Vinasolar, a large photovoltaic company in Vietnam's northern Bac Giang province.

He added that more competitive photovoltaic companies will come to Vietnam to enhance economic cooperation and understanding between the two countries in the future.

http://www.china.org.cn/world/Off_the_Wire/2017-10/18/content_41748279.htm

Stronger VN also mean East Asia becoming stronger. We can support CN in retaking TW if CN truly wanna help our economy. When CN can take back TW, then PLAN will have more blue water for military exercise and kick US out of SK, JP. Thats the win-win deal wt VN and thats also what chairman Mao wanted when supporting VN against France, US.

 

[TaiShang]

Stronger VN also mean East Asia becoming stronger. We can support CN in retaking TW if CN truly wanna help our economy. When CN can take back TW, then PLAN will have more blue water for military exercise and kick US out of SK, JP. Thats the win-win deal wt VN and thats also what chairman Mao wanted when supporting VN against France, US.

That's a win-win proposal, my friend, although I would like the Taiwan question to be solved peacefully.

But I agree that stronger Vietnam means stronger East Asia, because Vietnam is a significant member of East Asian community. China and Vietnam have thousands years of common history (bitter and sweet), hence, the two country's prospects cannot really be separated entirely.

***

CPC national congress to advance China's modernization: Senior Vietnamese party member
Xinhua, October 18, 2017

The 19th National Congress of the Communist Party of China (CPC) is of great significance as its success will contribute to China's modernization under the banner of socialism with Chinese characteristics, said a senior member of the Communist Party of Vietnam (CPV).

The congress, China's most significant political event in five years, opened Wednesday in Beijing. It came at the decisive stage in building a moderately prosperous society in all respects and a critical moment as socialism with Chinese characteristics has entered a new era.

Thus it has a historic significance to the CPC and the Chinese people, Hoang Binh Quan, head of the Commission for External Relations of the CPV Central Committee, told Xinhua in an interview on Tuesday.

Quan spoke highly of Chinese President Xi Jinping's leadership of the CPC, saying that he "has led the Chinese people to gain many important achievements in socio-economic development, and has heightened China's role and status in the international area."

"We sincerely wish the 19th National Congress of the Communist Party of China a success," said the CPV dignitary.

Led by the CPC, China will make bigger achievements in transforming itself into a modern, wealthy, democratic, civilized and harmonious socialist country, he said.

Relations between Vietnam and China will be more vigorous after the congress, he said, noting that ties between the two parties have grown stronger and gained many significant achievements.

High-level contacts between the two parties and the two countries have defined the framework of the comprehensive strategic cooperative partnership between the two countries, Quan said.

With the strategic vision and determination of the leaders of the two parties and the two countries, he added, the traditional friendship and comprehensive cooperation between Vietnam and China will continue to develop soundly in the future.

He noted that the two parties have established exchange and cooperation mechanisms among their departments, and exchanges at the municipal and provincial levels are also broadening the scope of their cooperation.

In addition, the CPV and the CPC have always enjoyed close coordination in international forums regarding political parties, he said.

"The ties between the two parties are a unique feature of the Vietnam-China relations due to similarities in the political systems of the two countries," Quan said.

http://www.china.org.cn/china/19th_cpc_congress/2017-10/18/content_41754141.htm

 

[Viet]

Stronger VN also mean East Asia becoming stronger. We can support CN in retaking TW if CN truly wanna help our economy. When CN can take back TW, then PLAN will have more blue water for military exercise and kick US out of SK, JP. Thats the win-win deal wt VN and thats also what chairman Mao wanted when supporting VN against France, US.

VN government just introduces huge benefits for those who construct solar plants. There is a news in the media, private companies have put plans on the table to construct 14,000 MW solar plants hence the reason why the Chinese establish a lobby platform in VN. Chinese want to tap a gold mine. No, VN does not support CN in retaking TW.

Should be completed by year end: 462m tall landmark 81 tower. They can install solar cells on the building fascade.

 

[Viva_Viet]

VN government just introduces huge benefits for those who construct solar plants. There is a news in the media, private companies have put plans on the table to construct 14,000 MW solar plants hence the reason why the Chinese establish a lobby platform in VN. Chinese want to tap a gold mine. No, VN does not support CN in retaking TW.

[/ATTACH] View attachment 432263

VN will support CN in retaking TW cos chairman Mao support VN to defeat France,US. You should know that after 1975, VN also wanted to support N.Korea to liberate SK from US's occupation cos NK helped VN in VN war but NK leader refused.

TW,SK, SIng etc are just US's vassal states used to weaken Asian's power, there r no reason for them to live so long on Earth.

That's a win-win proposal, my friend, although I would like the Taiwan question to be solved peacefully.

But I agree that stronger Vietnam means stronger East Asia, because Vietnam is a significant member of East Asian community. China and Vietnam have thousands years of common history (bitter and sweet), hence, the two country's prospects cannot really be separated entirely.

***

CPC national congress to advance China's modernization: Senior Vietnamese party member
Xinhua, October 18, 2017

The 19th National Congress of the Communist Party of China (CPC) is of great significance as its success will contribute to China's modernization under the banner of socialism with Chinese characteristics, said a senior member of the Communist Party of Vietnam (CPV).

The congress, China's most significant political event in five years, opened Wednesday in Beijing. It came at the decisive stage in building a moderately prosperous society in all respects and a critical moment as socialism with Chinese characteristics has entered a new era.

Thus it has a historic significance to the CPC and the Chinese people, Hoang Binh Quan, head of the Commission for External Relations of the CPV Central Committee, told Xinhua in an interview on Tuesday.

Quan spoke highly of Chinese President Xi Jinping's leadership of the CPC, saying that he "has led the Chinese people to gain many important achievements in socio-economic development, and has heightened China's role and status in the international area."

"We sincerely wish the 19th National Congress of the Communist Party of China a success," said the CPV dignitary.

Led by the CPC, China will make bigger achievements in transforming itself into a modern, wealthy, democratic, civilized and harmonious socialist country, he said.

Relations between Vietnam and China will be more vigorous after the congress, he said, noting that ties between the two parties have grown stronger and gained many significant achievements.

High-level contacts between the two parties and the two countries have defined the framework of the comprehensive strategic cooperative partnership between the two countries, Quan said.

With the strategic vision and determination of the leaders of the two parties and the two countries, he added, the traditional friendship and comprehensive cooperation between Vietnam and China will continue to develop soundly in the future.

He noted that the two parties have established exchange and cooperation mechanisms among their departments, and exchanges at the municipal and provincial levels are also broadening the scope of their cooperation.

In addition, the CPV and the CPC have always enjoyed close coordination in international forums regarding political parties, he said.

"The ties between the two parties are a unique feature of the Vietnam-China relations due to similarities in the political systems of the two countries," Quan said.

http://www.china.org.cn/china/19th_cpc_congress/2017-10/18/content_41754141.htm

CN can not solve TW's problem peacefully cos US will never give up TW if she is not defeated in battle like in VN war, Syria war.

And if CN can not retake TW soon, then CN will collapse like Soviet union before TW bcs of your aging and economic problem (CN economy still falling)

 

[Viet]

VN will support CN in retaking TW cos chairman Mao support VN to defeat France,US. You should know that after 1975, VN also wanted to support N.Korea to liberate SK from US's occupation cos NK helped VN in VN war but NK leader refused.

TW,SK, SIng etc are just US's vassal states used to weaken Asian's power, there r no reason for them to live so long on Earth.


CN can not solve TW's problem peacefully cos US will never give up TW if she is not defeated in battle like in VN war, Syria war.

And if CN can not retake TW soon, then CN will collapse like Soviet union before TW bcs of your aging and economic problem (CN economy still falling)

bro it is better you talk on VN instead on other countries, hoping they will become slaves or they will fall. How about you talk on your business? How much is a pho now?

 

[Viet]

Saigon metro under construction

 

[Viet]

First true VN made cars are coming in September 2019: Vinfast SUV and Sedan models

 

[TaiShang]

Foreign indirect investment in Vietnam surges in 9 months

Source: Xinhua| 2017-10-18


HANOI, Oct. 18 (Xinhua) -- Vietnam lured some 4.2 billion U.S. dollars in foreign indirect investment in the first nine months of 2017, up 64 percent on-year, the country's General Statistics Office said on Wednesday.

Of the money, 660 million U.S. dollars was poured into Vietnam's stock market.

In the nine-month period, Vietnam licensed 1,844 foreign direct investment projects with total registered capital of 14.6 billion U.S. dollars, while seeing 878 operational projects increase capital by nearly 6.8 billion U.S. dollars, according to the Foreign Investment Agency.

http://news.xinhuanet.com/english/2017-10/18/c_136689451.htm

***

What is the breakdown of investment over the past 9 months by country/economic region?

 

[Viet]

Foreign indirect investment in Vietnam surges in 9 months

Source: Xinhua| 2017-10-18


HANOI, Oct. 18 (Xinhua) -- Vietnam lured some 4.2 billion U.S. dollars in foreign indirect investment in the first nine months of 2017, up 64 percent on-year, the country's General Statistics Office said on Wednesday.

Of the money, 660 million U.S. dollars was poured into Vietnam's stock market.

In the nine-month period, Vietnam licensed 1,844 foreign direct investment projects with total registered capital of 14.6 billion U.S. dollars, while seeing 878 operational projects increase capital by nearly 6.8 billion U.S. dollars, according to the Foreign Investment Agency.

http://news.xinhuanet.com/english/2017-10/18/c_136689451.htm

***

What is the breakdown of investment over the past 9 months by country/economic region?

inaccurate figure in the xinhua article. actually it is $25.48b in the first 9 months, estimated $30b for the whole year. I will post the figure for China if it becomes available.

top 3 investors: South Korea $6.31 billion, Japan $5.91 billion, Singapore with $4.14 billion

top 2 regions receiving investment money: Saigon, Thanh Hóa

the most promising picture is the rising number of new established domestic enterprises: 94,000 new companies with total registered capital of more than $40 billion in the first 9 months.

on average 10,000 new companies are established every month.

http://vietnamnews.vn/economy/394540/fdi-grows-34-from-last-year.html#5QOTbLvFMztEtLbC.97

 

[Viva_Viet]

Foreign indirect investment in Vietnam surges in 9 months

Source: Xinhua| 2017-10-18


HANOI, Oct. 18 (Xinhua) -- Vietnam lured some 4.2 billion U.S. dollars in foreign indirect investment in the first nine months of 2017, up 64 percent on-year, the country's General Statistics Office said on Wednesday.

Of the money, 660 million U.S. dollars was poured into Vietnam's stock market.

In the nine-month period, Vietnam licensed 1,844 foreign direct investment projects with total registered capital of 14.6 billion U.S. dollars, while seeing 878 operational projects increase capital by nearly 6.8 billion U.S. dollars, according to the Foreign Investment Agency.

http://news.xinhuanet.com/english/2017-10/18/c_136689451.htm

***

What is the breakdown of investment over the past 9 months by country/economic region?

We may sell more state owned companies to foreigners, so they wanna buy more stock from VN state owned companies

 

[TaiShang]

inaccurate figure in the xinhua article. actually it is $25.48b in the first 9 months, estimated $30b for the whole year. I will post the figure for China if it becomes available.

top 3 investors: South Korea $6.31 billion, Japan $5.91 billion, Singapore with $4.14 billion

top 2 regions receiving investment money: Saigon, Thanh Hóa

the most promising picture is the rising number of new established domestic enterprises: 94,000 new companies with total registered capital of more than $40 billion in the first 9 months.

on average 10,000 new companies are established every month.

http://vietnamnews.vn/economy/394540/fdi-grows-34-from-last-year.html#5QOTbLvFMztEtLbC.97

Obviously the two used different sets of standards to calculate FDI:

Of the sum, $14.56 billion came from 1,844 new projects, up 30.4 per cent year-on-year, according to the latest report from the Ministry of Planning and Investment’s Foreign Investment Agency.

Another $6.75 billion was added to 878 existing projects, 28.3 per cent higher than the same period last year.

The remainder of the FDI, worth $4.16 billion, came from 3,742 deals made by foreign investors to contribute capital to businesses and to buy shares of Vietnamese businesses, jumping 64 per cent compared with last year’s corresponding period.

http://vietnamnews.vn/economy/394540/fdi-grows-34-from-last-year.html#5QOTbLvFMztEtLbC.97

In the nine-month period, Vietnam licensed 1,844 foreign direct investment projects with total registered capital of 14.6 billion U.S. dollars, while seeing 878 operational projects increase capital by nearly 6.8 billion U.S. dollars, according to the Foreign Investment Agency.

http://news.xinhuanet.com/english/2017-10/18/c_136689451.htm

We may sell more state owned companies to foreigners, so they wanna buy more stock from VN state owned companies

Better keep the SOEs publicly-owned. Instead of selling them away to foreign investors (privatization), restructure them let them run a private business while still caring more for public interests rather than private interests.

 

[Viva_Viet]

Better keep the SOEs publicly-owned. Instead of selling them away to foreign investors (privatization), restructure them let them run a private business while still caring more for public interests rather than private interests.

We need money. Soviet collapsed, CN stop supporting, so we have no choice.

Restructuring also need money, bro. Its just like our family is poor, but we have so many kids...and we have to let the others to raise some of them.