Vietnam’s auto sales in May increased 6% from the previous month to 25,794 units, as dealers rolled out stimulus measures to spur consumption, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Chairman of Vietnamese private conglomerate Vingroup Pham Nhat Vuong, at US$4.8 billion, moved 252 places to rank 678th in the Hurun Global Rich List 2024.

VinFast Auto announced on March 14 that it will participate in the Vancouver International Auto Show (VIAS) 2024 in Canada from March 19-24.

2023 was a challenging year for the Vietnamese automobile market as sales fell 25% year-on-year despite a 50% cut in the registration fee from July 1, according to the Vietnam Automobile Manufacturers Association (VAMA).

VOV.VN - 2023 marked a stage of rapid development in Vietnam – Czech Republic relations in various areas, from politics to economy and culture, following a pandemic inflicted hiatus.

November was the second consecutive month that the auto market went sideways, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on December 12.

VOV.VN - Two firms of the Republic of Korea - Han Hwang Ind and Shin Shin Machinery – have been licensed to invest US$5.1 million into HanShin Metal Vina to produce auto spare parts in the south-central province of Binh Dinh.

Though automobile prices have fallen to unprecedented low levels, auto showrooms remain deserted with just several visitors and no buyers, while car dealers spend their time surfing the internet.

Vietnamese enterprises in the auto industry are not deeply involved in the global supply chain. To become global suppliers, domestic enterprises must be consistent with the management culture and business philosophy of global manufacturers, experts have said.

VOV.VN - The Czech Chamber of Commerce on July 25 welcomed a new export strategy of the Government and suggested Vietnam should be one of the primary markets for the Czech Republic in implementing the strategy.