The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
As the 2018 deadline to remove tariffs on completely built cars imported from the ASEAN bloc looms, domestic auto manufacturers are banking on the possibility that the government will have some measures to control imports of completely built cars.
Though major changes are on the horizon for the domestic auto industry, the Vietnamese government has so far failed to provide a roadmap for new emission standards, and carmakers are getting concerned.
Vietnam’s automobile sales in September shot up 13 percent to 26,551 units against the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
Car sales in Vietnam last August fell 17% from the previous month to 23,540 units, attributable to consumers’ unwillingness to do big business like car purchases in the “Ghost Month”.
Thirteen car manufacturers with the latest models and technologies of various categories, from private cars to commercial vehicles, will be showcased at the Vietnam Motor Show (VMS) 2016.
Automobile companies have seen profits down since the beginning of this year despite robust car sales in the domestic market.
The biggest ever motor show in Vietnam is scheduled to take place in Ho Chi Minh City from October 26 – 30 with the presence of 19 renowned car brands.
Vietnam’s automobile sales in June totaled 24,421 units, dropping 6% against the previous month, announced the Vietnam Automobile Manufacturers’ Association (VAMA) on July 8.
Investors from the Republic of Korea (RoK) have been topping the list of foreign investors in Vietnam in the last two years.
Vietnam’s automobile sales in May totaled 26,028, increasing just 1% from April but 45% from the same period last year, released the Vietnam Automobile Manufacturers’ Association (VAMA).
Car sales in Vietnam were posted at 25,725 units in April, soaring by 42% from a year earlier, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
European automakers are welcoming the European Union-Vietnam Free Trade Agreement’s slashed tariffs, expected to take effect in early 2018, as a key step towards boosting imports to and investment in Vietnam’s rapidly-growing auto market.
The Republic of Korea considers Vietnam one of its four strategic export markets, along with China, Iran, and Brazil.
The positions of CEOs of many multinational groups are being held by Vietnamese as the business employ strategies to localize staff.
The Vietnam Automobile Manufacturers' Association (VAMA) expects automobile sales for this year to reach 260,000 units, a year-on-year rise of 10%, according to its chairman Yoshihisa Maruta.
Vietnam’s automobile sales in the first month of 2016 rose 16% from the same period last year, amounting to 23,165 units, the Vietnam Automobile Manufacturers Association (VAMA) announced on February 16.
India accounted for almost half the volume of completely built-up (CBU) passenger cars Vietnam imported last year despite lower tariffs on vehicles from ASEAN countries.
The domestic automobile market witnessed a boom in 2015 with a series of records, but concerns still exist as manufacturers worry they cannot compete with imports after import tariffs are cut. And customers fear the prices will fall as a result of tax policies.
(VOV) - The ports of Vietnam saw auto imports surge 82.8% in volume and 91% in value on-year for the eleven months January-November of 2015, according to the latest figures of the General Statistics Office (GSO).