Vietnamplus

The Truong Hai Automobile Corporation (Thaco) has set a goal of selling 58,384 cars in 2017, accounting for 27 percent of the auto market share.

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.

Deputy Prime Minister Trinh Dinh Dung has asked the Ministry of Industry and Trade (MoIT) and relevant agencies to study the possibility of applying safeguards to protect the domestic automobile manufacturing industry from looming zero-tariff car imports.

Listed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products.

HCM City has opened its first secondhand automobile market where sellers and buyers can meet directly to discuss purchases.

Thailand has become the leading exporter of automobiles to Vietnam in the first four months of this year, with 10,155 units, accounting for 35 percent of total car imports.