Gov't policy gives auto industry much-needed boost Business

Gov't policy gives auto industry much-needed boost

More than half a billion dollars in tax returns have been awarded to firms since 2017 in a bid by the Government to boost the country's auto industry and supporting industry, according to deputy director of the General Department of Vietnam Customs Luu Manh Tuong.
Gov’t support aids automobile industry Business

Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens, according to a report by the Viet Dragon Securities Corporation (VDSC).
September auto sales up 32 percent Business

September auto sales up 32 percent

Sales of automobiles in September increased 32 percent against the previous month to reach 27,252 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on October 10.
Auto sales fall 14 percent in August Business

Auto sales fall 14 percent in August

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).
Vietnam Motor Show 2020 cancelled due to COVID-19 Business

Vietnam Motor Show 2020 cancelled due to COVID-19

The Vietnam Motor Show 2020, scheduled for October 29 – November 1, will be cancelled due to the complicated developments of COVID-19, announced the Vietnam Automobile Manufacturers’ Association (VAMA) and the Vehicles Importers Vietnam Association (VIVA) on August 4.
RoK automakers expand presence in six ASEAN markets World

RoK automakers expand presence in six ASEAN markets

Automakers in the Republic of Korea (RoK) saw their sales increase in six member nations of the Association of Southeast Asian Nations (ASEAN) over the past three years helped by strong demand in Vietnam, the Korea Automobile Manufacturers Association (KAMA) revealed on July 22.
Auto market expected to prosper in year-end months Business

Auto market expected to prosper in year-end months

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.
Auto makers in Indonesia to resume operations in June World

Auto makers in Indonesia to resume operations in June

Automotive manufacturers in Indonesia are ready to resume production in June following the government’s enforcement of the “new normal” scenario, said Chairman of the Association of Indonesian Automotive Manufacturers (Gaikindo) Yohannes Nangoi.
Indonesian auto manufacturer seeks to survive amid COVID-19 World

Indonesian auto manufacturer seeks to survive amid COVID-19

PT Astra International, one of the leading automobile manufacturers in Indonesia, is looking to adopt new survival strategies, including cutting operational costs and increasing its digital presence, in the face of slumping vehicle demand worsened by the COVID-19 pandemic.