Vietnamplus

Car dealers are offering huge incentives for customers to promote sales as the economic impacts from the pandemic persist and the lunar month of July is around the corner.

Automobile producers are observing the complex changes of the second wave of the COVID-19 pandemic to adjust their businesses.

Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant.

The Vietnam Association for Supporting Industries (VASI) and the US Agency for International Development (USAID) teamed up to organise the Manufacturing Match Making Event 2020 in Hanoi on July 23.

The domestic automobile market is expected to thrive in the second half of 2020 after a long stagnation due to the COVID-19 pandemic, driven mainly by the Government’s great support and strong discounts from dealers.

Vietnam and the US are celebrating the 25th anniversary of their diplomatic ties this year, marking a significant change. Mutual trust has helped the two countries overcome pains in the past and join hands in building a close relationship, Executive Director of the American Chamber of Commerce (AmCham) in Hanoi Adam Sitkoff said in an interview granted to VietnamPlus e-newspaper.

Ford Vietnam is recalling nearly 11,800 Ranger, Everest and Ranger Raptor cars using 2.0L Bi-Turbo engines due to broken gear oil pumps.

Honda Vietnam (HVN) has become the fourth automaker in Vietnam to suspend production and assembly of cars and motorbikes over the concerns of the COVID-19 pandemic.

TC Motor has said that it will halt vehicle production in the northern province of Ninh Binh from April 1 to 15 over concerns of the COVID-19 pandemic.

Toyota Motor Vietnam (TMV) suspended vehicle production on March 30.

The Vietnam Automobile Manufacturers’ Association (VAMA) reported on March 11 that its members sold 17,616 vehicles in February, a month-on-month increase of 11 percent.

Over 15,700 automobiles of various models were sold in Vietnam in January, down 52 percent monthly, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Nearly 400,000 cars were sold in the Vietnamese market in 2019 thanks to valuable gift and discount programmes, which were launched at the beginning of the year, said the Vietnam Automobile Manufacturers’ Association (VAMA).

Ford Vietnam has announced an additional investment of 82 million USD (over 1.9 trillion VND) to expand its automobile factory in the northern province of Hai Duong.

Members of the Vietnam Auto Manufacturers’ Association (VAMA) reported a year-on-year sales surge of 12 percent in 2019, riding on hefty festive discounts and promotional programmes.

Seven provinces and cities in the north of Vietnam discussed mechanisms to form the Northern Key Economic Region (NKEC) of the country.

Ford Vietnam will invest an additional 1.9 trillion VND (82 million USD) in expanding its automobile assembly and production factory in the northern province of Hai Duong.

US carmaker Ford has said it is making every effort to bring at least one new model to Vietnam every year.

Competition in the automobile sector on the domestic market is fierce, not only in the production of local enterprises, but also the significant imports of cars in the first nine months of this year.

Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes.