Vietnam’s coal imports in the first half of this year surged by more than 50% to a record high, government data showed on Monday, mostly to feed the country’s growing number of coal-fired power plants.
The price of pigs in Vietnam, which while dropping remains much higher than before the global health crisis, is being deemed the main factor creating breakthrough profits for husbandry groups, while a deeper drop thanks in part to Thai imports has yet to materialise.
Under the revised regulation, local oil and petrol traders are now allowed to transfer their stakes to foreign investors but foreign ownership should not exceed 35%.
Vietnam imported 39,000 cars worth US$879 million in the first half of the year, down 47% year-on-year in volume and 47.7% in value.
Vietnamese electric motorbike manufacturer PEGA is going to bring its electric motorbikes to Cuban roads, creating a much-needed buzz for the country’s e-vehicle industry.
A reduction of 50% of the registration fee for domestic cars and the removal of import tariff for car parts not available domestically would help boost the domestic car market.
Motorcycle sales of Honda Vietnam decreased 3 percent in June, while its auto sales expanded 17 percent, the company unveiled on July 10.
Vietnamese conglomerate THACO, also a leading automaker in the country, has delivered to Thailand another 80 Kia Grand Carnival cars that were manufactured at its Thaco Kia plant at the THACO Chu Lai Industrial Park in Quang Nam Province.
The Ministry of Industry and Trade has decided to initiate an anti-dumping investigation on high-fructose corn syrup originated from China and the Republic of Korea.
Tightening supply and low global prices limited coffee trade in Vietnam, while healthy demand supported markets in Indonesia, traders said on Thursday.