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ASV Airports Taxi rents 500 VinFast electric cars

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7 months ago

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The Airport Services Company of Vietnam (ASV), the owner of ASV Airports Taxi brand, on May 16 signed a contract to rent 500 VinFast electric cars from Green and Smart Mobility JSC (GSM) for its airport taxi service.

ASV Airports Taxi rents 500 VinFast electric cars hinh anh 1At the signing ceremony (Photo: VNA)

Hanoi – The Airport Services Company
of Vietnam (ASV), the owner of ASV Airports Taxi brand, on May 16 signed a
contract to rent 500 VinFast electric cars from Green and Smart Mobility JSC (GSM)
for its airport taxi service.

Specifically,
ASV Airports Taxi will rent 500 VinFast VF e34 cars from GSM to provide
customers with green and smart transportation services.

As scheduled, GSM will deliver the 500 cars in stages, with the
first 100 ones expected to be handed over this month. The lease term is 36
months from the date of delivery, with the possibility of extension based on
actual usage need. It is expected that ASV’s electric taxi service will
officially commence operations in May.

Previously, several other companies such as Lado,
Ahamove, and En Vang also inked deals with GSM to electrify passenger
transportation services in Lam Dong, Binh Dinh, Da Nang, Hai Phong, and other cities
and provinces nationwide.

It is expected that GSM’s Green SM Taxi will
also be available in the central city of Hue in May, and in at least five cities
and provinces with nearly 20,000 cars this year. Meanwhile, ASV’s
electric taxi service will quickly be available at major airports, including
Noi Bai and Tan Son Nhat, as early as this month./. 

Source: https://en.vietnamplus.vn/asv-airports-taxi-rents-500-vinfast-electric-cars/253147.vnp

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Vietnam set to raise effective tax rate on multinationals as part of global deal

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1 hour ago

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December 5, 2023

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HANOI — Vietnam’s parliament is set to approve on Wednesday a top-up tax for multinationals, which will raise the effective rate of the corporate levy to 15% from January in line with a global agreement.

Vietnam had initially planned to combine the approval of the tax with measures to partly compensate large foreign investors affected by the higher levy, including South Korean electronics giant Samsung Electronics Co Ltd and U.S. chipmaker Intel Corp, but the separate resolution is not on the parliament’s agenda.

In a sign of how controversial the new tax is, as it could reduce Vietnam’s appeal among foreign companies if not matched with accompanying subsidies, the parliament had initially ruled out a vote in its current session, the last of the year.

But it has eventually added it back to its schedule, with the vote on the tax expected now at the last day of its month-long session.

It is unclear whether additional incentives for some foreign investors could be adopted in this session in separate legislation, without passing a specific resolution on that. The parliament could in any case adopt the incentives resolution in a later session.

Under the new rules being shepherded through by the Organisation for Economic Cooperation and Development (OECD), companies paying less than 15% in a low-tax jurisdiction will face a top-up levy either in that jurisdiction or in their home country from next year.

Vietnam’s corporate income tax is already set at 20%, but the country has offered for years effective rates as low as 5% and lengthy zero-tax periods to large foreign investors.

With the new top-up tax, 122 foreign companies will face a steep increase in their tax costs in Vietnam, according to a document prepared by the Vietnamese government which estimated the additional intake for the state at VND14.6 trillion ($601.05 million) a year.

Source: https://tuoitrenews.vn/news/business/20231127/vietnam-set-to-raise-effective-tax-rate-on-multinationals-as-part-of-global-deal/76959.html

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Dong Thap calls for investment from Japan

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5 hours ago

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December 4, 2023

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A conference aimed at promoting investment and trade cooperation between the Mekong Delta province of Dong Thap and Japan was organised on November 29, attracting more than 50 enterprises and investors from both sides.

Dong Thap calls for investment from Japan hinh anh 1At the conference promoting investment and trade cooperation between the Mekong Delta province of Dong Thap and Japan organised on November 29 (Photo: VNA)

Dong Thap – A conference aimed at promoting investment and trade cooperation between the Mekong Delta province
of Dong Thap and Japan was organised on November 29, attracting more than 50
enterprises and investors from both sides.

Addressing the event, Secretary of the provincial Party Committee Le Quoc Phong said that Japan has signed many bilateral and multilateral free trade agreements (FTAs) with Vietnam, creating important legal frameworks for promoting trade, investment and business relations between the two countries. Over the past years, Dong Thap has boosted collaboration with many Japanese localities, organisations and individuals, he said.

As the province has always ranked in the top five in the country in terms of the provincial competitiveness index for the past 15 consecutive years, Dong Thap is confident that it is an ideal investment environment for Japanese businesses, he noted

Japanese Consul General in Ho Chi Minh City Masuo Ono said that once Dong
Thap’s road and waterway transportation system is complete, it will open up
opportunities for investment and trade collaboration between the province’s enterprises
and Japanese companies in such fields as agricultural processing, logistics, and
tourism.

At the conference, participants were briefed about
industrial parks, border gate economic zones, industrial clusters, fields and
projects that are calling for investment.

Investment and trade connection activities between
Dong Thap businesses and Japanese businesses were also organised within the
framework of the event, along with the introduction of local culture, tourism, and cuisine as well as products with demand for export to Japan.

The total trade turnover between
Dong Thap and Japan reached 18.17 million USD in 2022 and topped 20.5 million USD
in the first eight months of this year. Dong Thap exported seafood,
apparel, footwear, shrimp crackers and products made from rice to Japan while importing textile accessories and animal feed./.

Source: https://en.vietnamplus.vn/dong-thap-calls-for-investment-from-japan/272106.vnp

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Vietnam places its bets on new airports to increase supply chains and tourism

Travelers check in at airport kiosks, drop off their baggage, and pass through boarding gates without assistance from staff members all over the world. Why is Vietnam lacking this self-service protocol?

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6 hours ago

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December 4, 2023

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As an operating specialist for the government-owned Airports Corporation of Vietnam, Do Dieu Huyen is currently working to change that. The national plan to build or renovate airports across the nation includes more than simply technological facelifts. The plan: If we construct, trade and tourists will follow.

A June master plan aims for 30 airports by 2030, increasing from 23. Despite carbon reduction pledges, supporters argue expansion must align with the growing middle class and manufacturing sector.

“It’s a big benefit to the Vietnamese economy, also contributing to the supply chain and export infrastructure,” Huyen told Nikkei Asia.

Vietnam’s largest airport, Tan Son Nhat, faces strains due to inefficiencies and increased passenger traffic. The airport is expected to handle double the 25 million flyers it was designed to handle next year, causing fuel and time costs. The logistics demand is also increasing, with Vietnam’s air cargo expected to reach 270% of its current volume by 2030.

To improve supply chains and the travel industry, ACV wants to add an air cargo terminal to Hai Phong, a city in northern Vietnam that has Apple factories and a seaport for trade with China.

Vietnam’s tourism industry is recovering from COVID restrictions, but overloaded airports are not the main attraction. The country plans a $4 billion expansion of Hanoi airport, a third terminal at Tan Son Nhat, and a new airport for the southern city. 

The biggest challenge is linking it efficiently to downtown Ho Chi Minh City. Most airports are overcapacity. Taking a plane releases 100 times more carbon into the air than taking the train, bus, or shared car. Vietnam aims to achieve net-zero emissions by 2050.

Nguyen Minh Hieu, a lecturer at the University of Transport and Communications, told Nikkei that “air transportation between these provinces will raise emissions when airports are continuously constructed in neighboring provinces and cities.”

Businesses still see potential in the future. Tan Son Nhat was the location of France Aviation Civile Services’ air traffic control contract, and last week, project manager Marc Alvarez was in town looking to make deals with other airports.

Some French companies, like JCDecaux, are helping Vietnam grow by providing training and advertising services at airports. They plan to invest in Vietnam for decades, not just five years.

Source: Nikkei Asia

Source: https://e.nhipcaudautu.vn/economy/vietnam-places-its-bets-on-new-airports-to-increase-supply-chains-and-tourism-3356339/

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