The Vietnam Automobile Manufacturers Association (VAMA) reported on May 9 that up to 21,123 vehicles were sold in the domestic market in April.
A total of 21,127 automobiles were sold in March 2018, a surge of 70% over the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA) on April 10.
Imported CBU (completely built unit) cars are expected to flood Vietnam, as domestic automobile manufacturers prepare to launch new models.
Car sales in January 2018 dropped 7 percent from December 2017 but rose by 28 percent from the same period last year to 26,037 units, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Car imports to Vietnam have dropped sharply in anticipation of Decree 116 which sets strict regulations for locally assembled automobile businesses as well as importers.
As the country shifts to a Euro 4 emission standard for diesel-fuelled vehicles, industry observers warn that the three fuel types on offer could spell problems for these more advanced engines, and opportunities for tricksters.
The Vietnam Automobile Manufacturers’ Association (VAMA) announced on January 10 that it sold 27,882 automobile units in December 2017, up 13% from the previous month.
With a continuous year-on-year decline in sales this year, the domestic auto industry is unlikely to achieve the 10% growth predicted by the Vietnam Automobile Manufacturers’ Association (VAMA).
Coming just ahead of ASEAN tariff reduction, policy movements are on track to ensure the stability and health of the local auto industry.
The average income per capita in Vietnam will reach about US$3,000 in 2020 and the demand for cars will boom, according to the Ministry of Industry and Trade’s (MoIT) forecast presented on Thursday (October 12) at a seminar in Hanoi.
Although many carmakers in Vietnam have applied discounts and promotions, car sales in the first eight months of the year dipped 6% year-on-year to 177,000 units, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Taking every opportunity to reduce prices, Truong Hai and Toyota, the two big automobile manufacturers, are trying to capture every corner of the market.
Some 24,365 cars were sold in June, up 5% from last month, the Vietnam Automobile Manufacturers’ Association (VAMA) said in a recent report.
VOV.VN - Designated as one of the country’s top auto shows, Vietnam Motor Show 2017 will continue to wow audiences with its cutting-edge exhibits, latest model cars and displays of historic vehicles again this year.
Sales of completely – built units (CBUs) increased 114 percent to reach 8,484 in March, according to the latest data released by Vietnam Automobile Manufacturer’s Association (VAMA).
The Ministry of Industry and Trade (MoIT) will continue pursuing the dream of a real auto industry in Vietnam despite the failure of 20 years of efforts towards this goal.
Ninety-six percent of Vietnam’s enterprises are small businesses, with the majority having 10 workers or less. Only 2% of enterprises are large in size, while another 2% are medium size.
Total automobile sales in February fell 13% from a month earlier to 17,621 units, according to Vietnam Automobile Manufacturers’ Assocation (VAMA).
With demand for environmentally friendly cars increasing in Vietnam, local automakers and traders are going green to win market share.
Vietnam imported over 4,900 completely-built-up (CBU) autos worth a combined US$116 million in the first half of January, up a staggering 50% from a year earlier, according to data of the General Department of Customs.