Car sales up in April Business

Car sales up in April

April was a positive month for Vietnam’s auto sales, though carmakers have claimed difficulties conducting business in the country's unstable and undeveloped automobile industry.

Volkswagen to open plant in Thailand

German carmaker Volkswagen AG has been given the green light to invest in a production plant in Thailand, a move for expanding manufactures in the region after the ASEAN community is formed in 2015.

Automobile sales continues to grow

The latest sales figures confirm that despite lingering market difficulties, sales of domestic automakers continue to grow with Toyota, Thaco and Ford outperforming foreign manufacturers in recent months, radio The Voice of Vietnam reported.

Imported luxury cars clear customs block

Nearly 2,000 cars, many of them stuck at ports since 2011 when new regulations were imposed, are expected to be cleared for import after the Ministry of Industry and Trade decided to allow a one-time waiver for their importers.

Automobile industry needs strategic focus: magazine

In any angle of product, sedan seems to be the apparent face of the Vietnamese automobile industry, said an article published on the Vietnam Business Forum - a weekly magazine of the Vietnam Chamber of Commerce and Industry.

Malaysia opens up auto industry

The Malaysian government has pledged to open up the automotive industry by offering more licences, tax incentives and soft loans to car and component makers with the aim of turning Malaysia into a regional hub for the production of energy-efficient vehicles.
Auto show strikes upbeat note in southern hub Business

Auto show strikes upbeat note in southern hub

At least 15 automobile brands, many providers of a wide range of support industry products and services, banking and insurance firms are participating in the 5-day Vietnam Motor Show that opened on October 23 in Ho Chi Minh City.

Auto sales plunge in April

Total car sales dropped sharply last month, beating industry expectations about imminent market recovery following satisfactory results in March.

April sales reached nearly 7,000 units, declining 24 percent over March and 46 percent over the same period last year, reported the Vietnam Automobile Manufacturers' Association (VAMA).

Of the number, 2,394 passenger cars and 4,588 trucks were sold, down 26 and 22 percent, respectively, compared to March's levels.

Carmakers anticipate 20 percent drop in sales

The Vietnam Automobile Manufacturers' Association (VAMA) says it anticipates sales of its member companies to fall by 20 percent this year as a result of high registration tax and many other fees.

Auto sales skid in February

Car sales by the Vietnam Automobile Manufacturers’ Association (VAMA) members reached just 5,030 units in February, down 25 percent against the same period last year.

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.

Car sales rev back up

The Vietnamese Automobile Manufacturers’ Association (VAMA) has reported increases in car sales in May and June, seeing this as an optimistic sign for market prospects through the year’s end, after suffering a sharp drop in April due to the Government’s imposition of a higher special consumption tax.