Ministry forecasts demand for cars to boom in 2020 Business

Ministry forecasts demand for cars to boom in 2020

The average income per capita in Vietnam will reach about 3,000 USD in 2020 and the demand for cars will boom, according to the Ministry of Industry and Trade’s (MoIT) forecast presented at a seminar in Hanoi on October 12.
Automobile sales drop 7 percent in September Business

Automobile sales drop 7 percent in September

The Vietnam Automobile Manufacturers’ Association on October 10 reported that automobile sales in September drop 20 percent compared to the same period last year and 4 percent over the previous month.
Auto sale down 6 percent in seven months Business

Auto sale down 6 percent in seven months

The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 8.
Automobile sales rebound in May Business

Automobile sales rebound in May

As many as 23,232 cars were sold in May, up 6 percent from the previous month, according to the Vietnam Automobile Manufacturers’ Association on June 7.
Automobile sales slump in April Business

Automobile sales slump in April

Some 21,942 cars were sold in April this year, a drop of 18 percent over the previous month, according to the Vietnam Automobile Manufacturers’ Association.
MoIT pursues dream of auto industry Business

MoIT pursues dream of auto industry

The Ministry of Industry and Trade (MoIT) will continue pursuing the dream of a real auto industry in Vietnam despite the failure of 20 years of efforts towards this goal.
Domestic automakers brace for imports Business

Domestic automakers brace for imports

The domestic auto industry will need several supporting measures including technical barriers to “create differences” between locally-made and imported cars, officials and industry insiders agree.