The Vietnam Automobile Manufacturers’ Association (VAMA) reported that its members suffered a decline in sales for the second consecutive month, with 22,802 cars sold units, or a 26-percent decrease, in February.
The total retail sales of consumer goods and services in the first two months of 2022 posted a year-on-year increase of 1.7 percent, hitting 876 trillion VND (over 38.35 billion USD), according to the General Statistics Office (GSO).
Retail sales of goods and services in Hanoi reached 51 trillion VND (2.23 billion USD) in February, a year-on-year increase of 11.1 percent, according to the municipal Department of Industry and Trade.
Vietnam’s largest steelmaker, Hoa Phat Group, sold a total of 450,000 tonnes of construction steel products in February, representing a 2.3-fold increase year on year and a rise of 17 percent against January.
Ho Chi Minh City’s total retail sales of goods and revenues from services exceeded 89.09 trillion VND (3.9 billion USD) in February, up 0.4 percent against the previous month and 0.9 percent from the same period last year.
Motorcycle sales of Honda Vietnam increased 4.3 percent in January while its auto sales decreased 12.1 percent compared to the previous month, the company has announced.
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.
Foreign retail businesses are adopting a multi-channel sales strategy as well as improved operations and delivery services to expand Vietnam operations despite pandemic impacts.
Indonesia has imposed a rule starting on January 27 for a mandatory portion of palm oil to be sold domestically at a maximum price of 9,300 rupiah (0.6465 USD) per kg for crude palm oil and 10,300 rupiah per kg for olein, according to Indonesian Trade Minister Muhammad Lutfi.
Indonesia’s government eased a coal export ban for 139 companies on January 20 after the firms met local market sales requirements aimed at averting a supply crunch and power outrages.
Indonesian President Joko Widodo has agreed to extend luxury tax exemption on low-cost cars until the end of this quarter, Coordinating Minister for Economic Affairs Airlangga Hartarto has said.
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.
VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, sold 35,723 vehicles in 2021, posting a year-on-year surge of 21.2 percent despite the COVID-19 pandemic.
Automobile sales in Vietnam posted a month-on-month increase of 30 percent and a year-on-year increase of 6 percent in November, announced the Vietnam Automobile Manufacturers’ Association (VAMA).
Many banks have recently offered to sell mortgaged assets, mainly real estate, worth billions of VND, to recover debts amid the recovery of the realty market.
Vietnamese automaker VinFast on December 27 announced that it will officially receive pre-orders for VF e35 and VF e36 electric SUVs globally from 8am on January 6, 2022.
Automobile sales in Vietnam posted a month-on-month increase of 30 percent and a year-on-year increase of 6 percent in November, announced the Vietnam Automobile Manufacturers’ Association (VAMA).
Demand of goods in Ho Chi Minh City, the country’s biggest, is increasing gradually before the Lunar New Year holidays thanks to promotions and the greater diversity of products than last year.
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