Car sales in Vietnam down 34 percent in January Business

Car sales in Vietnam down 34 percent in January

As many as 30,742 cars were sold in Vietnam in January, a decline of 34 percent compared to the previous month, according to a monthly report issued by the Vietnam Automobile Manufacturers Association (VAMA) on February 15.
Indonesia to cut tax on property, car sales World

Indonesia to cut tax on property, car sales

Indonesia will introduce new tax breaks on property and automotive sales this year in a bid to accelerate its economic recovery from the COVID-19 pandemic, the country's Coordinating Minister of Economic Affairs Airlangga Hartarto has said.
Vietnam's auto market posts solid growth Business

Vietnam's auto market posts solid growth

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that the total market sales of its member units reached 38,656 vehicles last month, a month-on-month increase of 30 percent, and a year-on-year increase of 6 percent.
TC Motor's car sales increase by 117 percent in October Business

TC Motor's car sales increase by 117 percent in October

TC Motor, a joint venture between Vietnam’s Thanh Cong Group and the Republic of Korea’s Hyundai Motor announced on November 11 that 8,855 Hyundai vehicles were sold in October, an increase of 117 percent compared to the previous month.
Indonesia plans to extend tax break on cars World

Indonesia plans to extend tax break on cars

Indonesia is planning to extend a luxury tax break on the sale of sedans and two-wheel drive cars with engine power of less than 1,500 cc to August to support its pandemic-hit automotive industry.
Indonesia car sales rise 228 percent in May World

Indonesia car sales rise 228 percent in May

Indonesia’s car sales jumped by 228 percent year on year in May 2021, while that of motorcycles increased 277 percent on an annual basis, according to Coordinating Minister for Economic Affairs Airlangga Hartarto.
Car sales go online amid pandemic Business

Car sales go online amid pandemic

Car companies are offering new door-to-door services and digitised shopping experiences to boost consumption amid the latest outbreak of the COVID-19 pandemic in Vietnam.
Automobile sales up 36 percent in Q1 Business

Automobile sales up 36 percent in Q1

The Vietnam Automobile Manufacturers’ Association (VAMA) announced on April 13 that its members sold a total of 70,952 vehicles in the first quarter of 2021, a year-on-year surge of 36 percent.