With the COVID-19 impacts still looming on local economy, domestic car prices have gone down but remained nearly double the prices of vehicles sold in Thailand and Indonesia, mainly due to high fees and taxes for locally made cars.

VOV.VN - Vietnamese electric-vehicle startup VinFast has initiated plans to open a factory in the United States after setting up a 50-member San Francisco research office in preparation for putting its vehicles on sale in the California market ahead in 2022, according to the US newswire Bloomberg.

That the integrated circuit market in Vietnam has huge potential, but no significant action for its development has been taken recently, is experts’ scathing verdict.

The low sale volume was due to difficult economic conditions that forced customers to tighten spending.

Vietnam’s domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company.

VOV.VN - About 10 people were injured on January 9 after a man lost control, driving his car into a makeshift market in Thuy Nguyen district, Hai Phong city of northern Vietnam.

Car imports in November dropped 10.4% month on month to 12,237 units, according to initial statistics of the General Department of Vietnam Customs.

VOV.VN - Vietnam imported most completely built unit (CBU) automobiles from Thailand and Indonesia during the past 10 months, making up 84% of its total car imports, according to the General Department of Vietnam Customs.

Local companies do not have to worry about a preliminary anti-subsidy tariff imposed by the US Department of Commerce on car and truck tyres from Vietnam, executives told local media.

A number of large manufacturers slashed car prices in early October, signaling a fierce race in the Vietnamese auto market.