return icon

Auto manufacturers manage to retain workers

While automobile manufacturers in the world have laid off workers in large quantities to reduce operation costs during the Covid-19 crisis, automobile joint ventures in Vietnam have retained their workforce.

Contrary to all predictions, automobile assemblers in Vietnam decided to retain all the workers they have.




After a couple of weeks of suspending operation during social distancing, automobile manufacturers have resumed their normal operation.

The representatives of Toyota Vietnam, Ford Vietnam and TC Motors said there has been nearly no change in personnel, though sales have become weak because of Covid-19.

Toyota Vietnam reported that only 5,142 products were sold in March, a decrease of 44 percent compared with the same period last year. In April, it sold 2,803 products, not including Lexus, a fall of 33 percent.

The Japanese invested automobile manufacturer affirmed that it always tries to maintain production and business activities to create long-term jobs for locals.

Ford Vietnam reported that all workers have returned to the assembling factory in Hai Duong after the social distancing time in April. The board of management promises not to lay off workers.

Ford Vietnam reported that all workers have returned to the assembling factory in Hai Duong after the social distancing time in April. The board of management promises not to lay off workers.

Like other manufacturers, Ford Vietnam has seen sales drop dramatically. Only 1,356 products were sold in March and 702 in April, a fall of 68 percent in comparison with 2019.

Ford Vietnam is moving ahead with its plan to expand the factory in Hai Duong. Earlier this year, Ford announced additional investment capital of $82 million to increase the capacity from 14,000 products to 40,000 products.

The automobile manufacturing segment of Thaco in Chu Lai Economic Zone with 9,000 workers have also fully returned to normal production.

Thaco’s communications manager Nguyen Mot said in a plan to develop into multi-field industry group, Thaco has not only retained all the workers in the automotive engineering division, but also planned to recruit more workers for agriculture and forestry production, and logistics.

The domestic automobile market in recent months witnessed a continued slide as all automobile manufacturers and agents reported sharp falls in sales. Nine car models had sales of less than 10 products for each model.

Explaining why automobile manufacturers still retain their workers despite the slow sales, an analyst said that the manufacturers can see the bright prospects of the Vietnamese market.

The percentage of people owning cars in Vietnam is still quite low, while the economy is developing fast, the foreign investment inflows are rising and people's incomes are also gradually increasing.

The other reason, according to analysts, for automobile manufacturers to preserve their workforce is Vietnam’s initial success in containing the epidemic which allows them to return to normal operation just after a short time of social distancing.

Kim Chi 


Inconsistent policies burden VN automobile industry

Inconsistent policies burden VN automobile industry

Car sales dropped sharply by 40 percent in Q1 2020 as several industries cannot reach agreement on solutions to develop the automobile industry.

With tax and fee decreases, automobiles will be cheaper than ever

With tax and fee decreases, automobiles will be cheaper than ever

If the government agrees to slash taxes and fees for domestically assembled cars, this will be a ‘doping dose’ for domestic automobile manufacturers and consumers.


Carbon market to help achieve net zero emissions

Greenhouse gas emissions in Vietnam increased rapidly over the past three decades in direct proportion to the economy’s growth.


Buckwheat Flower Festival returns to Ha Giang in November

Vietnam welcomes 1.87 million foreign visitors in nine months

Vietnam welcomed about 1.87 million international arrivals in the first nine months of this year, 16.4 times higher than the same period last year but much lower than that in the same time in 2019 before COVID-19 broke out.

Close to 123,000 sea turtles released back to sea

The Con Dao National Park in the southern province of Ba Ria-Vung Tau released 122,867 baby turtles into the ocean between January and September.

Vietnamese, Danish friendship blossoms over the years

Many foreigners have enjoyed diverse landscapes, authentic local food, endless love, eternal friendship, and a favourable investment environment in Vietnam.

China imports less glutinous rice from Vietnam

The proportion of glutinous rice in total rice exports to China has fallen from 74 percent to 48 percent.

Vietnamese artists to appear in Norwegian play

Several talented local artists from the Vietnam Youth Theater have been invited to perform in 'Hedda Gabler', a classic play which is considered to be one of the outstanding works of Norwegian writer Henrik Ibsen.

Minor improvements seen in the transparency of provincial budgets

The average ranking of budget transparency for localities in 2021 was 69.53 points out of 100, a rise of just 0.44 points compared to 2020.

Pianist Nguyen Dang Quang returns home for concert of classical music

Piano player Nguyen Dang Quang, son of composer Quoc Trung and renowned artist Thanh Lam, is a fresh and promising presence at the event.

VN central bank acts to tighten the Vietnamese dong liquidity

A recent money market report of Saigon Securities Incorporation (SSI) showed the SBV last week net withdrew a total of VND34.6 trillion through the OMO channel.

Vietnam needs to improve human resources in digital age: World Bank

To reach the goal of becoming a high-income country by 2045, Vietnam needs to quickly improve the quality and quantity of its human resources.

Vietnam’s GDP rises by 13.67% in third quarter: statistics office

Vietnam’s gross domestic product (GDP) grew by 13.67% in the third quarter, according to the General Statistics Office (GSO).

Ministry of Culture demands strict supervision of beauty contests

Culture, Sports, and Tourism Minister Nguyen Van Hung has signed a directive strengthening state supervision of a variety of cultural and artistic activities, including beauty pageants and modelling contests.


Vietnam to become “new Asian tiger”: Italian journal

Vietnam to become the worlds chip production center

In the first eight months of this year, phones and electronic components have the most prominent export turnover in our country, reaching nearly 40 billion USD.