The Business Times: Toyota to recall 42,772 vehicles

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• Toyota to recall 42,772 vehicles
• Government holds off cement loans on concerns of oversupply
• Indian, Vietnamese firms look to boost investment
• Garment sector eyes localisation of inputs
• Tea industry urged to adopt VietGAP
• Thaco overtakes Toyota Vietnam as biggest sales achiever
• Tough times ahead for business
• Many coins gleaned on spice market will make a fortune
• Cocoa shortage provides opportunity for farmers

Toyota to recall 42,772 vehicles Posted: 13 Apr 2014 08:35 PM PDT Toyota Viet Nam (TMV) said it is preparing to recall 42,772 units of Innova and Fortuner for checking and replacing the spiral cable of driver’s airbag. The malfunctioning spiral cable may prevent the airbag from opening in the event of a crash. The total number of vehicles that the TMV plans to recall includes 40,241 […] The post Toyota to recall 42,772 vehicles appeared first on Vietnam Business News.

Government holds off cement loans on concerns of oversupply Posted: 13 Apr 2014 08:19 PM PDT The Government is not encouraging more investment in cement projects despite the industry reporting a first quarter increase in consumption due to higher domestic market demand. Industry observers say this makes sense because the market is still marked by significant oversupply. Citing the Viet Nam Cement Industrial Corporation, the Price Management Department has reported that […] The post Government holds off cement loans on concerns of oversupply appeared first on Vietnam Business News.

Indian, Vietnamese firms look to boost investment Posted: 13 Apr 2014 07:27 PM PDT Trade between India and Viet Nam has room for further development as economic cooperation still falls short of potential and expectations, Deputy Chairman of HCM City People’s Committee Le Manh Ha has said. Speaking at a networking event last week with the Indian business community, he told the general consul of India, Deepak Mittal, that […] The post Indian, Vietnamese firms look to boost investment appeared first on Vietnam Business News.

Garment sector eyes localisation of inputs Posted: 13 Apr 2014 07:19 PM PDT The domestic garment and textile industry aims to reach a localisation rate of 60 per cent by 2015 to increase profits and competitiveness, and reduce the need for the imports of raw materials, according to the vice president of the Viet Nam National Textile and Garment Group (Vinatex). Le Trung Hai, who spoke with the […] The post Garment sector eyes localisation of inputs appeared first on Vietnam Business News.

Tea industry urged to adopt VietGAP Posted: 13 Apr 2014 07:14 PM PDT Tea growers and enterprises should step up application of national quality standards and improve product packaging and design if they are to reverse a first quarter decline in exports, experts say. A report in the Industry and Trade newspaper cited the experts as saying the failure to adopt VietGAP (national Good Agricultural Practice) standards has […] The post Tea industry urged to adopt VietGAP appeared first on Vietnam Business News.

Thaco overtakes Toyota Vietnam as biggest sales achiever Posted: 13 Apr 2014 07:10 PM PDT Local auto maker and assembler Truong Hai Auto Corporation (Thaco) has once again overtaken the long-time market leader Toyota Vietnam as the biggest sales achiever in the country. Thaco broke the domestic sales dominance long held by Toyota Vietnam last month, according to a recent report by the Vietnam Automobile Manufacturers Association (VAMA). March saw […] The post Thaco overtakes Toyota Vietnam as biggest sales achiever appeared first on Vietnam Business News.

Tough times ahead for business Posted: 13 Apr 2014 07:06 PM PDT Local and foreign experts and economists have warned that enterprises in Vietnam might face troubled times ahead due to weak consumer demand. The warning came after the General Statistics Office (GSO) has projected a consumer price index (CPI) decline of 0.44% in March versus the previous month. The experts stressed this decrease is not good […] The post Tough times ahead for business appeared first on Vietnam Business News.

Many coins gleaned on spice market will make a fortune Posted: 13 Apr 2014 07:04 PM PDT The ready-made spice market has been growing more rapidly than one could imagine. [Ready-made spices are mixtures of different spices and dried herbs, sold in packets. Each type of ready-made spice is usually targeted at a particular recipe, or set of recipes.] A market surprisingly large Nguyen Thanh Nguyet, an office worker in HCM City, […] The post Many coins gleaned on spice market will make a fortune appeared first on Vietnam Business News.

Cocoa shortage provides opportunity for farmers Posted: 13 Apr 2014 05:12 PM PDT The global supply of cocoa will not keep up with demand for the next five to 10 years, which could result in a bright future for Viet Nam’s cocoa industry, delegates told a forum held in Binh Phuoc Province on Thursday. “Demand for chocolate is surging worldwide, particularly in Asia,” said Nguyen Vinh Thanh, cocoa […] The post Cocoa shortage provides opportunity for farmers appeared first on Vietnam Business News.

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