Gov’t support aids automobile industry Business

Gov’t support aids automobile industry

The domestic automobile industry was forecast to thrive, given the Government’s supports in tax policies for imported automobile components coupled with the increasing income of citizens, according to a report by the Viet Dragon Securities Corporation (VDSC).
Honda Vietnam sales continue to slide Business

Honda Vietnam sales continue to slide

Honda Vietnam’s vehicle sales plummeted in the first half of fiscal year 2021 (April 2020 to March 2021) as a result of COVID-19, according to Nguyen Huy Trung, head of the Foreign Affairs Division.
September auto sales up 32 percent Business

September auto sales up 32 percent

Sales of automobiles in September increased 32 percent against the previous month to reach 27,252 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on October 10.
Thailand encourages use of electric vehicles World

Thailand encourages use of electric vehicles

The Industry Ministry of Thailand is pushing ahead with its ambitious plan to bring prices of electric vehicles (EVs) closer to those of traditional fuel-powered cars by reducing the import duty on auto parts used to assemble EVs in the country. ​
Singapore’s retail sales improve World

Singapore’s retail sales improve

The Singapore Department of Statistics (SingStat) announced on October 5 that the country’s retail sales in August dropped 5.7 percent year-on-year, an improvement from the 8.5 percent decline recorded in July.
Thailand launches electric motorbike taxis, boats World

Thailand launches electric motorbike taxis, boats

The Electricity Generating Authority of Thailand (EGAT) has launched prototype electric motorbike taxis and boats to support electric vehicle use in public transportation, aiming to reduce air pollution and particulate matter of 2.5 microns or less (PM2.5).