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

The recent decline in Vietnam’s automobile consumption and its drop to the fifth place in Southeast Asia can be attributed to both external and internal factors, car experts said.

Vietnam imported 86,749 completely-built automobiles (CBUs) worth over US$2 billion in the first eight months of this year, down 9.8% in both quantity and value compared to the same period last year, according to the General Department of Vietnam Customs.

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.

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 24,687 vehicles in July, up 4% month-on-month, VAMA reported on August 14.

VOV.VN - The import of completely-built automobiles (CBUs) saw an upward trend in June, after dropping up to 40% in the previous month, according to the latest preliminary statistics of the General Department of Customs.

Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 23,800 vehicles in June, up 15% from the previous month, VAMA announced on July 12.

The Industry Agency under the Ministry of Industry and Trade and Toyota Motor Vietnam signed on July 4 a memorandum of understanding on a cooperation project to help domestic businesses in the automobile supporting industry improve their capacity and enhance the connectivity between them and car assemblers.

The newest electric vehicle manufacturer in Vietnam, with technology transferred from Germany, will set up a factory in Thai Binh that will make small-size city vehicles.

The Ministry of Industry and Trade (MoIT) will create the best possible conditions for Japanese automobile manufacturer Honda to operate in the country, Deputy Minister Do Thang Hai affirmed on June 29.