Vietnam sees decline in CBU vehicle imports in June Business

Vietnam sees decline in CBU vehicle imports in June

About 335 million USD was spent on importing 15,316 completely built-up (CBU) vehicles in June, down 10.2 percent and 1.8 percent, respectively, against the previous month, according to the General Department of Customs.
Auto sales down 15 pct. in May: VAMA Business

Auto sales down 15 pct. in May: VAMA

The Vietnam Automobile Manufacturers’ Association (VAMA) has reported that its members posted a 15 percent month-on-month decline in automobile sales in May to 25,585 units, due to the impact of COVID-19 and a shortage of semi-conductor chips for the industry.
Hyundai Thanh Cong recalls 23,578 Tucson cars for software update Business

Hyundai Thanh Cong recalls 23,578 Tucson cars for software update

Hyundai Thanh Cong Commercial Vehicle (HTCV), a joint venture between the Vietnamese Thanh Cong Group and the Republic of Korea’s Hyundai, on May 15 announced the recall of 23,587 Hyundai Tucson vehicles for fuse change and software update of the Anti-lock Brake System (ABS).
More than 1.1 billion USD spent on car imports in four months Business

More than 1.1 billion USD spent on car imports in four months

More than 1.1 billion USD was spent on importing 49,360 completely built-up (CBU) vehicles in the four months of 2021 in Vietnam, a surge of 55.2 percent in volume and 57.2 percent in value over the same period last year, the General Statistics Office (GSO) has reported.
Automobile sales up 36 percent in Q1 Business

Automobile sales up 36 percent in Q1

The Vietnam Automobile Manufacturers’ Association (VAMA) announced on April 13 that its members sold a total of 70,952 vehicles in the first quarter of 2021, a year-on-year surge of 36 percent.
Automobile sales drop 22 percent in February Business

Automobile sales drop 22 percent in February

A long Lunar New Year holidays, the ending of registration fee cut and impacts from COVID-19 pandemic are major reasons behind a strong fall of automobile sales in February, according to insiders.