The Vietnam Automobile Manufacturers' Association (VAMA) expects automobile sales for this year to reach 260,000 units, a year-on-year rise of 10 percent, according to its chairman Yoshihisa Maruta.
Ford Vietnam sold close to 2,600 units in January, a year-on-year increase of 70 percent, the highest growth ever recorded, the automaker announced on February 17.
Vietnam’s automobile sales in the first month of 2016 rose 16 percent from the same period last year, amounting to 23,165 units, the VAMA announced on February 16.
The central city of Da Nang has set targets of raising its industrial production value by 11-12 percent and the city’s industrial production index by 10.8 percent in 2016.
Manufacture, assembly and sales of automobile products of Toyota Vietnam and Honda Vietnam in the northern province of Vinh Phuc have had a sharp gain in recent years.
Masan Group Corporation on February 2 reported a revenue of 30.6 trillion VND (1.37 billion USD) in 2015, as an increase of 90 percent over the previous year, in HCM City.
The domestic market will continue to thrive in 2016, Director of the Ministry of Industry and Trade’s Domestic Market Department Vo Van Quyen has said.
Le Minh Tuyen of HCM City, who was choosing a Tet gift hamper, said, "products for this Tet are abundant, diversified and have more eye-catching packaging compared to previous years."
Total apartment sales in Ho Chi Minh City reached nearly 7,700 units in the fourth quarter of 2015, up 47 percent quarterly, according to Savills Vietnam ’s Market Brief released on Jauary 29.
Airlines have offered a number of promotional programmes as well as increasing more flights in order to serve demand on the occasion of the Lunar New Year (Tet) holiday.
Vietnam's retail sales of goods and services were estimated at 297.7 trillion VND (13.4 billion USD) in January, up 11.7 percent from the same period last year.
Vietnam was Ford’s third biggest market in Southeast Asia in 2015, after Thailand and the Philippines, said Mark Kaufman, director of the US car marker in the region.
The agricultural and rural development sector expects to gain 39-40 billion USD in total farming, forestry and fishery products by 2020, according to officials.
Vietnam sold a total of 244,914 cars in 2015, an annual increase of 55 percent, the Vietnam Automobile Manufacturers Association announced on January 11.
Toyota Motor Vietnam Co., Ltd sold 51,246 vehicles in 2015, an all-time record sales figure of the automobile manufacturer in its 20-year operation in Vietnam, the company announced on January 9.