Tag: automobile
Automobile enterprises advised to maximise opportunities from FTAs
VOV.VN - Local automobile enterprises must gain further insights into the EU-Vietnam Free Trade Agreement (EVFTA)’s commitments and other FTAs, and utilize opportunities from trade pacts, heard a workshop held in Hanoi on May 24.
April sees drop in automobile imports
VOV.VN - Vietnam spent approximately US$244 million on importing 12,500 completely-built automobiles (CBUs) throughout April, down 21.2% in volume and 26.1% in value compared to March, according to the General Department of Vietnam Customs.
March auto sales enjoy significant growth
The Vietnamese automobile market saw a remarkable breakthrough in its total sales in March, after several months of declines.
Vietnamese and Chinese enterprises invest in over US$800 million automobile factory
VOV.VN - Geleximco and Omoda & Jaecoo joint venture will co-operate to build an automobile factory in the northern province of Thai Binh worth more than US$800 million with a capacity of producing 200,000 vehicles per year.
Automobile imports down over 24% in three months
VOV.VN - Vietnam imported 31,452 completely-built automobiles (CBUs) worth US$632 million in the first quarter of the year, down 24.1% in quantity and 31.7% in value compared to the same period last year, reported the General Statistics Office of Vietnam (GSO).
Vietnam automobile market remains stagnant in early 2024
Domestic automobile market is currently facing a situation of high supply and low demand. This has resulted in a decline in sales and an excess of inventory for carmakers.
Breakthrough forecast for auto market in H2
The Vietnamese automobile market witnessed a significant sales decline in the first month of 2024, yet businesses and experts forecast that the market may see a breakthrough in the second half of the year.
Vietnam's automobile market in fifth place in the region
The decline in domestic automobile consumption and its drop to fifth place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.
Auto sales plunge despite registration fee cut by half
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).
Domestic automobile market experiences hard year
The domestic automobile market has faced both opportunities and challenges in the year 2023. Car experts believe that 2023 is a crucial year for Vietnam to establish itself as an emerging market in the auto industry, with hopes of achieving this status in 2024.
