Vietnam Motor Show 2016 opens in Hanoi Business

Vietnam Motor Show 2016 opens in Hanoi

The Vietnam Motor Show (VMS) 2016 opened on October 5 in Hanoi, showcasing more than 100 car models by 13 domestic automobile makers, including Chevrolet, Ford, Honda and Toyota.

Carmakers anticipate 20 percent drop in sales

The Vietnam Automobile Manufacturers' Association (VAMA) says it anticipates sales of its member companies to fall by 20 percent this year as a result of high registration tax and many other fees.

Auto industry ‘a priority'

The Government should encourage the development of auto manufacturing centres in Vietnam to help strengthen the domestic auto industry, according to a seminar held in the Chu Lai Open Economic Zone, the central province of Quang Nam on April 14.

Foreign firms target promising Vietnam, Indonesia

Many foreign companies, including automobile makers and retail corporations from Japan , China and the Republic of Korea , are eyeing Vietnam and Indonesia as potential markets due to strong domestic demand.