Business

Domestic auto, motorbike makers increase output

The output of domestically-produced automobiles and motorbikes increased by 23.7 and 21.8 percent, respectively, during the first seven months of the year, reported the Ministry of Industry and Trade.
Business

Local carmakers see sales bump

Local car manufacturers sold 9,386 units in May, up 7 percent over the same period last year, according to the Association of Vietnam Automobile Manufacturers (VAMA).
Business

Auto sales surge, but down on December

January auto sales surged 76 percent over the same period last year to 6,961 units, the Vietnam Automobile announced in its monthly report.

Sales of commercial vehicle reported the highest surge of 150 percent with 3,340 units sold. Passenger cars followed with 2,170 units, up 79 percent and MPV/SUV vehicles reached 1,440 units, a 3 percent increase.
Business

Auto tax incentives won’t be extended

The Ministry of Finance has turned down a proposal by the Vietnam Automobile Manufacturers Association (VAMA) to extend the expiration date of tax incentives on automobiles until the end of next year, a ministry official has said.