Vietnam imported 14,134 cars worth over 300 million USD in February, the General Department of Vietnam Customs reported.
As the import duty for ASEAN CBU (completely built-up) becomes 0 per cent, and some administrative barriers like Decree 116 preventing CBU imports are no longer effective, VIR talked with Toru Kinoshita, chairman of the Vietnam Automobile Manufacturers' Association (VAMA) about ways to increase the localisation rate and enhance local automobile production.
Hanoi wants to continue promoting cooperative ties with Japan’s Fukuoka prefecture in the fields of trade, investment, education-training, environment, science-technology, cultural exchange and agricultural development, said Vice Chairman of the municipal People’s Committee Ngo Van Quy.
Car imports to Vietnam have dropped sharply in anticipation of Decree 116 which sets strict regulations for locally assembled automobile businesses as well as importers.
The Vietnam Automobile Manufacturers’ Association (VAMA) announced on January 10 that it sold 27,882 automobile units in December 2017, up 13% from the previous month.
Ho Chi Minh City drew US$3.71 billion in foreign direct investment (FDI) over the past nine months, up 64.3 percent year on year, according to the municipal People’s Committee.
An increasing proportion of Vietnamese plan to buy a car in the last six months of 2017, catching up with other ASEAN countries, according to the quarterly Financial Times Confidential Research (FTCR) ASEAN Auto Purchase Index that measured the six-month outlook for car sales among urban consumers
As many as 23,232 cars were sold in May, up 6 percent from the previous month, according to the Vietnam Automobile Manufacturers’ Association on June 7.
Some 21,942 cars were sold in April this year, a drop of 18 percent over the previous month, according to the Vietnam Automobile Manufacturers’ Association.
Vietnamese and Chinese firms operating in heavy-duty automobile spare parts met at a seminar in Hanoi on April 18 to seek partnership opportunities.
Economists and representatives of Vietnamese automobile enterprises believe the threatened departure of foreign automobile manufacturers would not be a problem for Vietnam.
The Kolon Industries, Inc. from the Republic of Korea has selected Bau Bang Industrial Park in the southern province of Binh Duong to locate its one-billion-USD automobile tire cord and airbag factory.
Despite Government efforts, domestic auto production has not yet satisfied demand. Pham Anh Tuan, Deputy Director of the Department of Heavy Industry, talks about domestic automaking prospects.
VOV.VN - Statistics from the General Department of Vietnam Customs show that the foreign sector controls roughly 80% of the local car and automobile (excluding motorbike) retail market with a sales volume eclipsing all of Southeast Asia.
If new suggestions by state management agencies receive approval, the automobile market is expected to benefit bigger dealers.
VOV.VN - The number of vehicles imported through customs points has dropped almost 6% year-on-year to 60,600 during the first seven months of 2016, according to the latest statistics from the General Department of Vietnam Customs.
Automobile companies have seen profits down since the beginning of this year despite robust car sales in the domestic market.
Vietnam’s automobile sales in June totaled 24,421 units, dropping 6% against the previous month, announced the Vietnam Automobile Manufacturers’ Association (VAMA) on July 8.
Vietnam’s automobile sales in May totaled 26,028, increasing just 1% from April but 45% from the same period last year, released the Vietnam Automobile Manufacturers’ Association (VAMA).
VOV.VN - Imports of electronics and automobiles from ASEAN jumped high in the first quarter of this year, according to latest statistics from the General Department of Vietnam Customs.