Despite difficulties in the first half of 2018, the domestic automobile market saw impressive growth compared to the previous year with nearly 290,000 vehicles sold during the year, an annual rise of 5.8 percent.
The Philippines Department of Trade and Industry (DTI) has initiated a preliminary investigation on the application of safeguard measures on the import of ceramic floor and wall tiles from various countries, including Viet Nam, according to the Trade Remedies Authority of Viet Nam.
Vietnam has begun anti-dumping investigations against aluminum products imported from China.
Domestic and foreign enterprises have increased investments in the electric scooter business, following the increasing popularity of electric scooters in major cities.
The nation saw over 280,000 autos sold last year, a 5.8% year-on-year increase, according to statistics from the Vietnam Automobile Manufacturers Association (VAMA). The figure was seen as significant, as auto imports nearly ground to a halt in the first half of 2018 due to obstacles created by new car importing policy.
Traders in Vietnam lowered their coffee output forecasts by ten percent this week as a bumper harvest in the world’s largest robusta producing country came to an end.
Viet Nam’s cashew sector targets exports of 350,000 tonnes this year, 10 per cent lower than last year, according to the Viet Nam Cashew Association (Vinacas).
Thanh Thanh Cong One-Member Company Limited, a member of Thanh Thanh Cong Corporation, plans to ship 1,000 tonnes of molasses to Australia’s Queensland this month, which is dealing with an ongoing drought.
Viet Nam exported more than 1.8 million tonnes of coffee worth US$3.54 billion in 2018, marking year-on-year rises of 20 per cent and 1.2 per cent respectively.
Ford Vietnam has announced record retail sales for a second consecutive month in December. It sold 3,959 vehicles, a 56 per cent year-on-year rise.