The Vietnam Automobile Manufacturers' Association (VAMA) announced on April 12 that its five members sold 701,454 units in the first quarter, down 4.05 percent year-on-year.
Honda Vietnam reported significant declines of 49.7 percent and 57.5 percent in its sales of motorbikes and automobiles in February compared to the previous month.
Honda Vietnam’s vehicle sales plummeted in the first half of fiscal year 2021 (April 2020 to March 2021) as a result of COVID-19, according to Nguyen Huy Trung, head of the Foreign Affairs Division.
Automobile sales in August were down 14 percent against July, to 20,655 units, despite the introduction of a range of promotional programmes, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
The northern midland province of Vinh Phuc has reaped significant achievements in investment attraction thanks to its efforts in renewing methods in this regard.
Several automakers are considering assembling their best-selling models in Vietnam due to the Government’s policy of zero import tariffs on components and a 50 percent reduction in registration fees.
More than 1.9 million quality helmets will be presented to first grade students in the new school year 2020-2021, aimed at increasing the rate of children wearing standard helmets to 80 percent this year.
Motorcycle and automobile sales by Honda Vietnam rocketed up 193 percent and 222 percent month-on-month, respectively, in May, following a nosedive of 72 percent in April due to COVID-19.
Motorbike and automobile manufacturer Honda Vietnam on May 11 clarified reports that it is likely to shift its business model from manufacturing to imports.
Honda Vietnam’s motorbike and automobile sales in April plunged 72 percent and 52 percent year-on-year, respectively, due to the COVID-19 pandemic, Head of its External Relations Division Nguyen Huy Trung said.
Honda Vietnam said the company plans to shift from manufacturing to importing vehicles due to manufacturing interruptions and market stagnation caused by the COVID-19 pandemic.
Honda Vietnam announced on late April 22 that it will resume the production of automobiles and motorbikes from April 23 after 22 days of suspension to prevent the COVID-19 pandemic.
Toyota Vietnam and Honda Vietnam posted the best car sales in March among members of the Vietnam Automobile Manufacturers Associations (VAMA) though both reported year-on-year drops in this regard.