Business Prospects in China and Vietnam for Suvs

The relevant accompaniments and figures for China and Vietnam are tabulated below: ChinaVietnam economicalGNP ($ billion)2641.658.1 Per capita Income (2006) ($)2110727 GDP growth tempo11.48.1 Tax rate25%28% Interest rates6.12%8.25% Inflation (2007) (%)4.88.3 kindIncome Distribution (Gini coeff.)0.470.432 Literacy90.990.3 Min wage / month ($)6545 crunch availabilityAbundantAbundant International Exchange Rates (1US $ = )7.61 Rmb16119 Dong Exports (2007) ($ billion)120039.6 Imports (2007) ($ billion)95644.4 FDI inflow ($ million)694682315 DemographicsPopulation (million)132285.3 Population growth rate0.61%1% equaliser Working population72%68% Other Indicators manhood Competitiveness ranking3468 Vietnam Vietnam is ranked second in the Business Environment Ranking of the Asia -Pac region this division on the back of sweeping changes in the regulatory environment as it enters the WTO and very low rate of vehicle ownership on with rising incomes. Market: Vietnam reported sales of 80,392 vehicles last year ? a surge of 97 percent over 2006 and with pass judgment sales of 120000 units in 2008.

The government has imposed a enjoyment tax on auto companies to fight inflation by suppressing demand and the import duties are amongst the highest in the region. In rate to offset these effects some domestic auto companies crap implemented a price cut which does affect profitability. controversy: Toyota is one of the major players in here with almost 42.6% commercialise share and the other major players here include Honda Motors, KIA Motors and GM Daewoo. Despite the presence of the major players, the market presents a genuine scope for entry given the rising per capita income and also the fact that majority of cars here are imported as CBUs. Macro-economic factors: apart from an attractive market with a booming GDP at 8.6%, low costs of production, untapped resources and low wages back by healthy literacy rates favour... If you want to get a full essay, order it on our website: Orderessay

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