All Vietnam Related TCSS / Info / Gatherings / Help Thread - Page 2509

Hurricane88 · #**37621** 02-10-2018, 09:33 AM

Quote:

Originally Posted by snipeshot08

When I visited the remote border town between Wetnam & Cockroachland, the pimp manning the 50rmb ST bonks there taught me a very funny term "lao you tiao"

Cheerios......SS08 ^_^

haven't been to border...so nothing I can share with you...

Hurricane88 · #**37622** 02-10-2018, 09:34 AM

Quote:

Originally Posted by snipeshot08

Alamak you no catch the joke lah

So whats with the deliveroo and foodpanda thingy????

Cheerios......SS08 ^_^

happy delivery can liao...

Hurricane88 · #**37623** 02-10-2018, 11:06 AM

Dun play play...Vn build cars coming up...

__________________________________________________ __________________________________________________ ____________

Fast and serious: Vietnam's first domestic car manufacturer bets big

By Reuters October 1, 2018 | 04:22 pm GMT+7

One of two VinFast cars to be exhibited at the 2018 Paris Motor Show. Photo by VnExpress

Vietnam is betting car-making can be a ticket to a more prosperous economy, just as it was for the likes of Japan and South Korea.

VinFast, a unit of Vietnam’s largest conglomerate Vingroup, is set to become the country’s first fully-fledged domestic car manufacturer when its first production models built under its own badge hit the streets next August.

“Where else in the world can you do this with this sort of speed?” said Shaun Calvert, vice president of manufacturing at VinFast Trading and Production LLC, looking out over an area of factory floor where nine months earlier there was only sea.

Calvert was speaking on a recent tour of the company’s new plant, a sprawling island complex in the northern Vietnamese port town of Haiphong, where the two models will be built.

From a standing start, VinFast will have the capacity to produce 250,000 cars annually in the next five years or so, equivalent to 92 percent of all the cars sold in Vietnam last year, according to data collated by the Vietnam Automobile Manufacturers’ Association (VAMA).

Vingroup says it only embarked on creating VinFast a little over a year ago and has earmarked about $3.5 billion for the project.

“We are driving the rapid expansion of the domestic automobile market so we are absolutely focused on winning here first,” CEO Jim Deluca said ahead of the Paris Motor Show this week, where VinFast will reveal its first export markets.

“We’re looking to expand both within ASEAN and outside.”

Most cars sold in Vietnam are foreign brands assembled in the country from kits. But a series of free trade agreements have reduced import duties and are opening up the market. A 30 percent import tax on cars from other Association of Southeast Asian Nations (ASEAN) countries was scrapped this year.

Electric scooters

Vingroup already dominates the real estate market in Vietnam with Vinhomes, has entered the healthcare market with Vinmec, runs a chain of supermarkets called Vinmart, and entertains tourists at Vinpearl resorts.

“There’s probably 4 million customers today who are associated with Vingroup in one way or another so it’s a huge brand, it’s an aspirational brand, and those customers are ready for a domestic VinFast product,” said Deluca.

In a country synonymous with the motorbikes that zip around the clogged streets of Hanoi and Ho Chi Minh City, VinFast will also produce 250,000 electric scooters a year alongside the 250,000 cars, in an ambitious production target that’s set to eventually increase to 1 million units each a year.

VinFast has also started on the development of a battery electric vehicle with Germany’s EDAG Engineering, to be introduced in the future, Deluca added.

“We felt on the car portfolio it was best to start with an internal combustion engine and then soon after that launch the battery electric vehicle,” said Deluca. “From an infrastructure perspective, it’s a lot easier to charge a scooter than it is an automobile.”

The speed with which VinFast has moved has partly been possible due to a reliance on off-the-shelf parts.

VinFast’s first two models, an SUV and a small sedan, are being built on a frame from BMW. The components have been engineered by Canadian firm Magna International’s Magna Steyr, while design work has been done by Italian design house Pininfarina.

“That gives us the ability to move very, very quickly and to come out with a vehicle that is 100 percent ours and looks like no other vehicles that are on the road today,” Deluca said.

"National pride"

The company has also imported foreign expertise. At least five of the VinFast leadership team, including Deluca and Calvert, are veterans of General Motors Co.

In June, the U.S. automobile giant agreed to transfer full ownership of its Hanoi factory to VinFast for the Vietnamese firm to produce small cars under a GM global license from 2019.

But, despite the institutional experience VinFast has acquired, a move into the highly competitive automobile industry is not without significant risks.

Local auto assembly companies have tried - and failed - in Vietnam to sell home-grown models to the masses. Regionally, companies such as Malaysia’s Proton or Australia’s Holden have struggled to gain traction outside their home countries.

“The key question is why the world needs yet another car brand in a era when hardware is commoditising,” said Bill Russo, head of Shanghai-based consultancy Automobility Ltd and a former Chrysler executive.

“The fact that they have outsourced design and manufacturing and are relying on foreign R&D tells me they are following a traditional path that may not be competitive in an era of digital mobility services.”

Bui Ngoc Huyen, chairman of Vinaxuki, which tried to establish a domestic automaker but ceased production in 2012 before its first car was officially launched, said Vingroup’s deep pockets should help, but warned that building a brand would take time.

“You have to move from producing small and cheap cars to luxury ones,” he said. “It will take several years for a new carmaker to fine tune its products and win the confidence of consumers. It will take between 10 and 20 years.”

Deluca said VinFast’s early models would be “very affordable” to lure local buyers, but declined to give details of pricing.

But in Vietnam, where hundreds of thousands of people take to the streets with flares and flags to celebrate moderate success after under-23 football games, VinFast is banking on an additional competitive edge

“We think national pride is a tremendous advantage for VinFast,” said Deluca. “What we’re doing here is something special for the men and women of Vietnam”.

Hurricane88 · #**37624** 02-10-2018, 11:09 AM

Vietnamese experts sound alarm over US-China trade war impacts again

By Dat Nguyen October 1, 2018 | 08:03 pm GMT+7

Labourers work at a garment factory in Vinh Phuc province, Vietnam. Photo by Reuters

Low-tech, polluting FDI firms will try to set up shop in Vietnam as the U.S.-China trade war escalates, experts have warned.

Nguyen Bich Lam, head of the General Statistics Office, said that small-scale Chinese firms are likely to eye a shift to Vietnam to avoid high tariffs imposed by the U.S.

Such firms typically use pollution causing technology, he said, adding that there have been previous warnings about such FDI projects.

The latest escalation of the U.S.-China trade war only heightens this possibility, he noted.

Vietnam needs to carefully inspect projects which were registered in the last nine months with capital lower than $1 million to prevent those with outdate technologies from harming Vietnam’s natural environment, Lam added.

Echoing Lam, Le Dang Doanh, former director of the Central Institute for Economic Management under the Ministry of Planning and Investment, said that a number of these companies have already entered Vietnam in recent years.

It is the responsibility of the ministry to say no to FDI projects that can harm the environment, he told VnExpress International.

Lam emphasized: “At this time, Vietnam needs to filter out FDI projects, not accepting them at any cost as it did 30 years ago.”

Other experts expressed concerns that Vietnam could end up becoming a dumping ground for Chinese goods.

Economist Nguyen Tri Hieu said that China might seek to dump its goods on Vietnam to avoid Donald Trump’s tariffs.

Cheaper Chinese goods competing with Vietnamese goods will not benefit Vietnam’s economy, he told VnExpress International.

Meanwhile, industry insiders have expressed fears that China might borrow the “made in Vietnam” label to dodge U.S. tariffs.

Diep Thanh Kiet, vice chairman of the Vietnam Leather, Footwear and Handbag Association (LEFASO), said there was a “very high” possibility that Chinese bags would be exported to the U.S. through Vietnam.

Chinese businesses can do this by easily setting up a factory in Vietnam with a budget of only $200,000 to manufacture products with materials imported from China, he told local media.

If this cannot be controlled, there could be grave consequences for Vietnamese textile firms since “the U.S. might apply the same tariffs as they have done on China,” Kiet said.

The U.S. slapped tariffs of 10 percent on $200 billion worth of Chinese goods on September 24, and Beijing immediately retaliated with tariffs at 5 and 10 percent on $60 billion worth of U.S. products.

The two countries have already slapped tariffs on $50 billion worth of each other’s goods earlier this year.

Hurricane88 · #**37625** 02-10-2018, 11:18 AM

Police crack down on Uber, Grab drivers at Saigon airport

By Nhung Nhung, Vu Doan October 21, 2017 | 02:44 pm GMT+7

At this point, there're just too many service cars in Saigon and the ride-hailing apps are taking the blame.

https://e.vnexpress.net/news/video/p...t-3658718.html

hardob · #**37626** 02-10-2018, 07:14 PM

Does a&em chain allow guest to stay overnight

naemlo · #**37627** 02-10-2018, 08:12 PM

Quote:

Originally Posted by Hurricane88

Police crack down on Uber, Grab drivers at Saigon airport

I love these PHV.... Fixed fare, dun have to worry about merry go round, wrong destination, adjustable meter machine and so on....

snipeshot08 · #**37628** 03-10-2018, 08:45 AM

Quote:

Originally Posted by Hurricane88

haven't been to border...so nothing I can share with you...

So you dun bother to be bothered about borders??? kekekekeke rhymes hor

Cheerios......SS08 ^_^

snipeshot08 · #**37629** 03-10-2018, 08:47 AM

Quote:

Originally Posted by Hurricane88

happy delivery can liao...

So the delivery guys must be smiling like an idiot whenever they deliver something to u can liao......

Cheerios......SS08 ^_^

snipeshot08 · #**37630** 03-10-2018, 08:51 AM

Quote:

Originally Posted by Hurricane88

Dun play play...Vn build cars coming up...

__________________________________________________ __________________________________________________ ____________

Fast and serious: Vietnam's first domestic car manufacturer bets big

By Reuters October 1, 2018 | 04:22 pm GMT+7

“Where else in the world can you do this with this sort of speed?” said Shaun Calvert, vice president of manufacturing at VinFast Trading and Production LLC, looking out over an area of factory floor where nine months earlier there was only sea.

This is the sort of F-tup planning that is inviting future trouble

In Sinkie whenever any land is reclaimed from the sea it is given at least 10 to 20 years for the soil conditions to stabilised before any structures can be built on it but this fella built on land that is just newly reclaimed from the sea OMG sure the soil will erode and sink

Cheerios......SS08 ^_^

snipeshot08 · #**37631** 03-10-2018, 09:00 AM

Quote:

Originally Posted by hardob

Does a&em chain allow guest to stay overnight

As long as those hotel guest did pay $$$ for their rooms......kekeke just joking

I think you meant your female guest to stay in the same room as you......well so far they have been quite tolerant but this kinda thing is never cast in stone so just email that branch in advance and ask them to confirm if they can allow your female vietnamese girlfriend to stay overnite then print out their reply (if they said yes) and show to the front counter should they try to give you problems in the nites

Cheerios.....SS08 ^_^