Vietnamplus

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold over 36,962 autos in March, up 60 percent on the month, according to a recent VAMA report.

The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars.

With one week until the Lunar New Year Festival (Tet), which falls on February 1 this year, it is the 'hottest' time of the year for the domestic auto market.

The Le Monde newspaper of France has recently posted an article reporting that VinFast automaker of Vietnam’s conglomerate Vingroup has entered the high-end electric car market in Europe, as it is expected to launch two models in France and Germany by late 2022.

The Ministry of Industry and Trade has just released a list of factors that are undermining the development of the electric car industry in Vietnam.

More than 1.1 billion USD was spent on importing 49,360 completely built-up (CBU) vehicles in the four months of 2021 in Vietnam, a surge of 55.2 percent in volume and 57.2 percent in value over the same period last year, the General Statistics Office (GSO) has reported.

The import of automobiles increased dramatically in March, according to figures released by the General Department of Customs (GDC).

The Mitsubishi Motors Vietnam Co. Ltd (MMV) on January 18 began recalling 9,066 units of Xpander and Outlander models to replace fuel pumps.

Despite many challenges caused by COVID-19, the Ford Ranger model continues to be one among the best-selling pickups in the country with over 13,000 units sold in 2020.

After the Government’s move to lower car registration fees by half took effect more than a week ago, the domestic car market has picked up.

Prime Minister Nguyen Xuan Phuc will cut 50 percent of registration fees for locally-manufactured and -assembled cars from now to the end of this year.

The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.

TC Motor has announced that its sales increased 17 percent in March despite the COVID-19 pandemic, lifting its first-quarter sales to 15,362 units.

Vietnam’s car sales rose by 23 percent year on year in November to 30,540 units, according to a report by the Vietnam Automobile Manufacturers’ Association.

Vietnam imported 11,172 cars between in the first nine months of 2018, up 5,142 units from the same period last year, according to the General Department of Vietnam Customs.

Russian auto makers will join hands with Vietnamese partners to set up manufacturing companies in Vietnam, as part of an amended protocol signed between the two governments in Hanoi on December 27.

The Federation of Thai Industries (FTI) has increased its projection for domestic car sales this year to 850,000 cars, a rise of 10.6 percent against the previous year and up from its previous prediction of 830,000.

Automobile traders are suffering tough times due to a slide in prices and sales, though the used-car market has been vibrant even during the seventh lunar month called Thang Co hon (Month of lonely spirits), more than 30 units sold per day.

US auto maker Ford Vietnam has announced a record August performance with retail sales rising 8 percent year-over-year to 2,292 vehicles.

US auto maker Ford reported that its market share in Vietnam in the first five months of this year stood at 10.6 percent .