Word: vietnamize
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...Caught in the government policy switchback are three of the biggest names in the business: Honda, Yamaha and Suzuki. The quotas, announced in September, will cost the Japanese manufacturers an estimated $267 million in lost revenue this year. Honda and Yamaha each has had to shut down its Vietnam factory until the end of the year, and Suzuki says it will also run out of parts any day. Japanese executives are fuming, hinting the abrupt policy shift could hurt Vietnam's bid to join the World Trade Organization. After a delegation from the big three bikemakers were snubbed earlier this...
...Entertainment: Tricia Chen Vietnam: Under the Wheels
...Concerned because Vietnam's motorcycle market is vital. Nothing symbolizes the country's massive economic and social shifts of the last decade better than the rise of two-wheeled vehicles. While cars remain a luxury, the number of motorcycles on Vietnamese roads has soared from fewer than 500,000 in 1990 to nearly 10 million. Annual sales are estimated to top $2 billion, making Vietnam the world's fastest-growing motorcycle market, third largest in the world behind only China and India...
...Many nations go through a motorbike phase, but "It's happened much faster (in Vietnam) than in almost any other country," says Charles Melhuish, a Manila-based transportation specialist with the Asian Development Bank. Bikes now account for 94% of all vehicles in Vietnam, the highest percentage in the region...
...dispute is costing Vietnam goodwill with Japan, the country's biggest aid donor and trade partner. Officials in Hanoi last week pleaded with the corporations to be sympathetic. "This is an issue of human life," government spokeswoman Phan Thuy Thanh said. But to the Japanese, the quotas don't look like a rational attempt to cut down on roadkill?maybe a helmet law would be a more logical first step?they look like old-fashioned protectionism...