upcoming events

Nov 2019
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Thu - 28/11/2019
Status: Active
Thu - 28/11/2019
Status: Active
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1. What do you consider the largest Risk for your company?

2. What are the Risk Mitigation Strategies you apply?



This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.



Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.


The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.


Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.

Motorbike sales stutter despite holiday discounts

2013-12-18 11:30:08

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The festive season had failed to light up motorbike sales towards the year-end, with demand continuing to fall, dealers said.


Buyers have resisted the lure of discounts and freebies offered by motorbike dealers through a series of sales promotions launched before the year end.


Domestic motorbike sales for 2013 were expected to fall to around 2.5 million compared to 3.1 million in 2012, due to slow economic growth and weak demand, according to the Viet Nam Auto Motorcycle and Bicycle Association.


Dealers are also struggling to during one of their worst years.


"The months before Tet used to be the best time for business with people rushing to buy new bikes, but this year is quite different," said Pham Manh Sy, director of the Viet Phu Company, a prominent Yamaha dealer in Ha Noi.


Sy said unlike previous years when they had enjoyed high sales numbers, he had only sold four bikes last month.


"This is the worst year since I started the business 15 years ago. I am thinking about closing the dealership and turning it into a restaurant," he told Viet Nam News in a telephone interview yesterday.


Most motorbikes dealers are suffering like Sy despite a series of discounts and sales promotions.


Suzuki has cut VND2 million (US$97) from the price of its Hayate scooters, and Yamaha is offering VND1.5 million vouchers for buyers of its Nozza model.


The country's most popular brand Honda has also cut prices of its best selling Wave by VND500,000.


Even Italian luxury scooter maker Piaggio, which rarely cuts prices, is offering buyers free bike registration fees.


"However, prospective buyers have fallen, and purchasing power is falling," said a Honda dealer in Ha Noi.


The country's two largest motorbike manufacturers, Honda and Yamaha, which account for over 90 per cent of the local market share, may experience another bad year in 2014.


According to a source close to these firms, Yamaha sales may drop by 10 per cent to 750,000 this year, while Honda expects to hit around 1.5 million to 1.9 million this year.


Viet Nam's motorbike market, the fourth-largest in the world, has shown signs of saturation, with annual output having exceeded demand, prompting producers in the Southeast Asian country to speed up their exports to other markets.


With motorbike sales totalling 3.1 million units last year, Viet Nam is the fourth largest motorbike market, after China, India and Indonesia.


But motorbike sales in Viet Nam have started to decline largely due to a slowdown in the country's economic growth. Last year's growth was up 5.03 per cent over 2011, the slowest pace in 13 years.


Motorbikes are the most common means of transport in Viet Nam, which has a population of 90 million and 37 million registered motorbikes, while the number of cars is just around 2 million.


Source: vns