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Automobile sale climbs up 22 percent in five months

Automobile sale climbs up 22 percent in five months

The total automobile sales in the first five months of 2019 surged by 22 percent year-on-year to 126,646 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on June 11.

Auto sales down 35 percent in April

Auto sales down 35 percent in April

The Vietnam Automobile Manufacturer Association (VAMA) reported on May 13 that its members sold 21,021 vehicles in April, a decrease of 35 percent against the previous month.

Enhancing the auto industry prospects

Enhancing the auto industry prospects

The automobile industry is one of the world’s most important economic sectors by revenue. In Vietnam in particular, the industry dated from 1955 after the liberation of North Vietnam. Between 1955 and 1975, the nation mainly manufactured auto parts, meeting the demand on maintenance and repairs.

Vietnam’s automobile sales drop 6% in first half

Vietnam’s automobile sales drop 6% in first half

Automobile sales in the two first quarters of 2018 went down 6% compared to the same period last year to reach 125,659 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on July 10.

New policies boost domestic automobile production

New policies boost domestic automobile production

The use of effective policies in the automobile sector since the beginning of the year has boosted the production and assembling of automobile and better controlled imported vehicles in the first six months of 2018.

Ministry mulls auto parts tax cut

Ministry mulls auto parts tax cut

The Ministry of Finance has promised to study and report to the Government recommendations by the Vietnam Association of Mechanical Industry (VAMI) on policies to promote domestic automobile production.

As car imports slow, sales of domestically assembled cars go up

As car imports slow, sales of domestically assembled cars go up

Foreign-invested auto enterprises in Vietnam have canceled orders for imports from Thailand and Indonesia because they still cannot get certificates from agencies of export countries, as required by Decree 116, according to Pham Anh Tuan from the Vietnamese Auto Manufacturers Association (VAMA).

Vexed auto industry scrambles to comply with new decree

Vexed auto industry scrambles to comply with new decree

Most of the domestic auto industry went into a tizzy when Decree 116 tightening controls over the import and assembly of cars was issued in October, and days away from its official implementation, the worries and divisions remain.

Thanh Cong Group partners with Hyundai

Thanh Cong Group partners with Hyundai

Thanh Cong Group has officially signed a new joint venture with the Republic of Korea’s Hyundai Group to manufacture and distribute commercial vehicles in Vietnam.

Private companies’ influence on economy growing

Private companies’ influence on economy growing

As Thaco’s car sales decreased, the Quang Nam province’s budget revenue suddenly dropped by VND3 trillion. This news has been cited by economists to show the role of large private conglomerates in the economy.