Vietnam imported nearly 11,700 cars worth more than 273 million USD in the first month of 2019, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Vietnam Customs.
Despite difficulties in the first half of 2018, the domestic automobile market saw impressive growth compared to the previous year with nearly 290,000 vehicles sold during the year, an annual rise of 5.8 percent.
Vietnam’s car sales rose by 23 percent year on year in November to 30,540 units, according to a report by the Vietnam Automobile Manufacturers’ Association.
Professionals from Vietnam, France and Germany will share their experiences and insights about risky play through a seminar held in Hanoi on October 6.
Vietnamese businesses imported nearly 10,000 completely built cars in August, up 50 percent compared with the previous month, according to the General Department of Vietnam Customs.
China and other concerned nations should refrain from actions that further militarise the East Sea and parties need to sit down for negotiation via diplomatic channels to resolve the issue, according to an US expert.
Vietnam’s import tax on complete built-up units from ASEAN was reduced to zero percent as from Jan. 1 this year. The accord helps reduce the prices of imported cars, meeting consumers’ aspiration.
Over 2,000 Honda cars from Thailand - the first batches of cars to enjoy zero percent import duty under the ASEAN Free Trade Agreement (AFTA) have been imported to Vietnam.
Ford Vietnam has reported that it has for the first time achieved double-digit market share in the country after increasing by one percentage point in 2017.
Ford Vietnam saw an increase in October retail sales from the previous month to nearly 2,300 vehicles amid a slowdown in industry sales as customers delay purchases ahead of the new tax policy slated for January.
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold more than 177,000 cars in the first eight months of the year, down 6 percent from the same time last year.
The Vietnam Motorshow 2017, themed “Connected Technology for Smart Moving”, kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on August 1.
Vietnamese leaders always support stronger trade ties with the US and are willing to create a favourable business climate for foreign firms, including those from the US, said a top lawmaker.
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