Vietnamplus

The Gold Traders Association (GTA) of Thailand forecast gold sales will rise by only 5% to 10% during the Lunar New Year Festival, which will start on January 22.

Falling orders caused by weak demand have left firms with no choice but to shed jobs and scale down production in the last months of the lunar year.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold over 404,00 vehicles of all kinds last year, an annual rise of 33%.

The Association of Indonesian Automotive Industry (Gaikindo) has announced that total car shipments from factories to dealers (wholesales) last year in the country reached 1,048,040 units, marking a year-on-year increase of 18.1%.

Ford Vietnam broke its monthly and quarterly sales records in the fourth quarter of 2022, with 13,329 cars sold, holding a market share of over 10%.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 404,635 vehicles of all kinds last year, an annual rise of 33%.

Indonesia may allocate 5 trillion rupiah (320.41 million USD) from this year’s budget to encourage people to buy electric vehicles (EV), a senior minister has said.

Booming e-commerce in Vietnam is providing significant opportunities to promote sales while cooperatives are trying to improve the quality of their products to meet consumers' demands better.

Revenue from retail sales of goods and services totalled about 515.8 trillion VND (21.87 billion VND) in December and over 1.54 quadrillion VND (65.3 billion USD) in the fourth quarter of 2022, a year on year rise of 17.1%, reported the General Statistics Office (GSO).

The Mekong Delta city of Can Tho recorded 12.64% growth in gross regional domestic product (GRDP) this year, its highest ever, announced the municipal Statistics Office on December 28.

The application of science and technology in agriculture production and sales has helped create positive impacts for the industry, contributing to prompting sustainable agriculture development and improving the life for farmers.

Vietnam's industry and trade sector has obtained encouraging results in 2022, contributing to the national socio-economic development. The following is a list of the 10 most outstanding events of the year as selected by the Ministry of Industry and Trade (MoIT).

Car production in Thailand rose 15% in November from a year earlier to 190,155 units, thanks to improvement in the supply of chips, the Federation of Thai Industries (FTI) said on December 20.

Following two years of low sales during Tet (the Lunar New Year), things are expected to look up for the fast moving consumer goods industry this time around since the Vietnamese economy has recovered and consumers have a positive outlook on economic prospects, according to market research company Kantar Worldpanel Vietnam.

While normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet approaches, according to local car experts.

Honda Vietnam on December 12 recorded a respective monthly drop of 11.5% and 17.7% in the retail of motorbikes and automobiles in November.

The southern province of Binh Duong has so far this year attracted over 3 billion USD in foreign direct investment (FDI), taking the lead in the Southeast region, according to Nguyen Tam Duong, chief of the Office of the provincial People’s Committee.

Singapore’s retail sales grew by 10.4% year on year in October, lower than the 11.3% increase recorded in the previous month, according to data released by the country’s Department of Statistics on December 6.

Ford Vietnam has announced record sales for the second consecutive month in November as it sold 4,506 vehicles, marking a month-on-month increase of 12% and a year-on-year rise of 42%.

Vietnam’s automotive market is expected to see car sales rise during the holiday season, as the industry continues to recover after sluggish sales during the global pandemic, according to experts.