Automobile industry ramps up growth efforts Business

Automobile industry ramps up growth efforts

Import tax on CBU (completely built unit) cars from Southeast Asian nations will be reduced to zero by 2018, posing a challenge for Vietnamese policy-makers and car producers, who now need to find ways to boost the domestic automobile industry further.

CBU car imports rise

Imports of completely built-up (CBU) cars in the January-July period have picked up 78.4 percent year-on-year to 667 million USD, a local newspaper reported.

Demand for imported pick-up trucks increases

Automobile joint ventures in Vietnam have been importing pick-up trucks from their factories in Southeast Asia in large quantities for domestic sale, the English language news website VietNamNet Bridge reported.

Vietnam imports 25,000 cars in strong H1

Vietnam spent nearly 500 USD million in the first half of 2014 to import 25,000 completely built units (CBU) cars, an increase of 44.4 percent in volume and 53.9 percent in value year-on-year, according to the General Statistics Office (GSO).

Technology firms struggle to launch new products

Vietnamese technology firms are continuing to make every effort to launch new products into the market, even though made-in-Vietnam products have yet to receive a warm welcome, the English language news website VietNamNet Bridge reported.

Imports of under-9-seat-cars soar

Vietnam imported over 5,200 completely built-up cars (CBU) with fewer than nine seats in the first quarter of this year, a year-on-year increase of 37 percent, according to the General Department of Customs.

Indonesia to export 200,000 cars this year

Indonesia expects to ship abroad 200,000 cars by the end of 2014, according to Industry Minister Hidayat.
The country exported a batch of 1,000 Toyota Vios cars to nine nations in the Middle East, including Saudi Arabia, the United Arab Emirates and Kuwait.

Automobile industry needs strategic focus: magazine

In any angle of product, sedan seems to be the apparent face of the Vietnamese automobile industry, said an article published on the Vietnam Business Forum - a weekly magazine of the Vietnam Chamber of Commerce and Industry.

Vietnamese still spend big on luxury goods in 2013

Despite economic difficulties, Vietnamese people still spent billions of US dollars this year on luxury cars or mobile phones, heard the Radio Voice of Vietnam, quoting source from the General Department of Customs.
Vietnam imports 34,500 autos, Lexus goes south Business

Vietnam imports 34,500 autos, Lexus goes south

December has seen an additional 3,000 complete build-up vehicles shipped into the country, taking the total number of imported autos this year to 34,500 units worth 709 million USD, learnt the Saigon Times Daily, quoting sources from the General Statistics Office (GSO).
War-era bombs defused safely in Hung Yen Society

War-era bombs defused safely in Hung Yen

Two unexploded wartime bombs recently discovered at the banks of the Hong (Red) River running through the northern province of Hung Yen have been safely disabled by disposal experts.

Auto sales plunge in April

Total car sales dropped sharply last month, beating industry expectations about imminent market recovery following satisfactory results in March.

April sales reached nearly 7,000 units, declining 24 percent over March and 46 percent over the same period last year, reported the Vietnam Automobile Manufacturers' Association (VAMA).

Of the number, 2,394 passenger cars and 4,588 trucks were sold, down 26 and 22 percent, respectively, compared to March's levels.