Auto market to continue growing: experts

The domestic auto market is expected to grow further in the remaining months of this year after expanding up to 120 percent in October, experts have said.
Auto market to continue growing: experts ảnh 1Illustrative image (Source: Kia)
Hanoi (VNA) – The domestic auto market isexpected to grow further in the remaining months of this year after expandingup to 120 percent in October, experts have said.

The Vietnam Automobile Manufacturers’ Association(VAMA) said on November 16 that vehicle sales of its members reached 29,797 lastmonth.

Of the total sales, there were 19,865 passenger cars,up 138 percent month on month; 9,492 commercial vehicles, up 94 percent; and 404specialised vehicles, up 45 percent.

In terms of origin, the sales of domesticallyassembled and imported cars hit 15,344 units and 14,453 units, increasing 110percent and 132 percent compared to September, respectively.

The association attributed the impressive rise toCOVID-19 prevention and control measures rolled out by the Government.

In the first 10 months of this year, the total salesof VAMA members reached 218,734 vehicles of alltypes, up 3 percent from the corresponding time last year.

Experts said the January-October sales did notfully reflect the entire Vietnamese car market because the brands of Audi,Jaguar Land Rover, Mercedes-Benz, Subaru, Volkswagen, and Volvo did not disclosetheir figures.

Looking at the sales of automobile brands in Vietnamlast month, Hyundai secured the first place. It was followed by Toyota, Kia,Ford, VinFast, Mazda and Honda./.
VNA

See more

At the launching ceremony of the "Empower Youth for Future Success in Ha Nam Province" programme. (Photo: CED)

Empower youth for future success in Ha Nam province

The "Empower Youth for Future Success in Ha Nam Province" program is designed to equip these young people with a comprehensive set of skills, including social, financial, employability, and entrepreneurship skills.

Omoda & Jaecoo Vietnam looks to expand EV charging network. (Photo: VNA)

Omoda & Jaecoo Vietnam looks to expand EV charging network

The partnership brings together industry leaders: EBOOST (EVMobility) specialising in personal charging solutions, EV Power in charging station development, EV Pay in digital payment services, Rabbit EVC in integrated charging solutions, and Nova Energy in large-scale renewable energy projects.

📝 OP-ED: Private economic sector with aspiration for groundbreaking development

📝 OP-ED: Private economic sector with aspiration for groundbreaking development

This message from Party General Secretary To Lam in his recent article "Developing private economic sector – A lever for a prosperous Vietnam" marks a turning point in the awareness about the private economic sector’s important role while touching on the aspiration for groundbreaking development of the country's most dynamic economic industry today.

Nguyen Doan Hoai Thu currently working at the Luxembourg Chamber of Commerce (Photo: VNA)

Vietnamese intellectuals in Luxembourg share experience in building int’l financial centre

Pham Thi Huong Ly, Master of Accounting and Audit, Financial Reporting Manager at Aztec Luxembourg which specialises in investment fund financial services, shared that drawing from her experience in Luxembourg, Vietnam, and Singapore to establish a successful international financial centre, it is necessary to build a transparent institutional framework that protects investor rights.

Geely Auto launches three competitively priced versions, Standard, Premium, and Flagship. (Photo: VNA)

Chinese auto giant stakes its claim in Vietnamese market

Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.