Vietnam Motor Show 2021, the largest annual automobile and motorbike expo in the country, has been cancelled due to COVID-19 pandemic impacts, the organising board announced on October 13.

Car sales in Vietnam increased by 52% last month after five consecutive months of decline, showing positive signs for the car market at the end of the year.

VOV.VN - A number of Japanese companies are in the process of considering plans to move part of their production chains to the nation in the near future, according to the Vietnam Trade Office in Japan.

Vietnam’s automobile sales have borne the brunt of COVID-19, seeing a record low in August since 2015.

Vietnamese producers have been put under pressure because of the complex developments of the pandemic, but, in risks, opportunities always exist.

Automobile sales in Vietnam plunged in July due to the complications of COVID-19 and social distancing measures being applied in many localities nationwide.

VOV.VN - The opening seven months of the year saw Vietnamese exports to the EU market reach US$22.5 billion, an annual increase of 15.5%, according to data released by the Ministry of Industry and Trade.

Semiconductor chip shortage has caused a crisis for major automobile producers in the world, forcing them to suspend production and extend the time to deliver their products, but for Vietnamese ones, the impacts are quite minor as they still can ensure normal production and business activities.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 23,587 vehicles in June, down 8% month-on-month.

Honda Vietnam posted an 8.9% increase in retail sales of automobiles but a 16.9% drop in that of motorbikes in June, the firm announced on July 10.