foreign manufacturers

Update news foreign manufacturers

With the novel coronavirus pandemic and trade tensions driving the shift of production lines from China to Southeast Asia, Vietnam, in particular, seems to have emerged as an attractive destination for investors and manufacturers alike.

Race to be +1

Vietnam is in the sights of many foreign manufacturers keen to move production away from China as US tariffs begin to rise.

Foreign manufacturers use foreign parts suppliers to avoid tax: Analysts

Foreign automobile and electronics manufacturers often choose foreign enterprises for their parts and accessory suppliers instead of Vietnamese companies because it allows them to engage in transfer pricing, some analysts have claimed.

Automobile market picks up steam

 VietNamNet Bridge – The latest sales figures confirm that despite lingering market difficulties, sales of domestic automakers continue to grow with Toyota, Thaco and Ford outperforming foreign manufacturers in recent months.

Foreign manufacturers fear taxation on fizzy drinks

 VietNamNet Bridge – The Ministry of Finance’s attempt to impose the 10 percent luxury tax on carbonated soft drinks is facing strong outcries from foreign manufacturers, who believe that the tax is unfair and aimed at them.

Vietnamese now favor large capacity motorbikes

 VIetNamNet Bridge - More foreign motorbike manufacturers flock to Vietnam. The driving license policy has been loosened. Vietnamese now have more opportunities to possess large capacity motorbikes.