automobile industry

Latest News about automobile industry

Ministries want to amend luxury tax policy to ease automobile pricesicon
BUSINESS09/07/20210

Ministries want to amend luxury tax policy to ease automobile prices

The prices of domestically assembled automobiles are expected to go down once the luxury tax policy is amended. Strategic small-capacity and fuel saving models will be given priority.

 
Investors prefer trading in land, shun the less profitable auto industryicon

Investors prefer trading in land, shun the less profitable auto industry

FEATURE
14/05/2021

Vingroup has sent a dispatch to the Ha Tinh provincial People’s Committee, proposing a project on an automobile complex.

Lack of semiconductor chip to affect car salesicon

Lack of semiconductor chip to affect car sales

BUSINESS
10/05/2021

The global vaccination led to a positive economic outlook, resulting in faster and stronger demand for car.

Vietnam to raise tax on cars with high emissionsicon

Vietnam to raise tax on cars with high emissions

FEATURE
13/04/2021

Experts have suggested imposing high taxes on vehicles and encouraging the use of electric cars.

When will Vietnam begin to make electric cars?icon

When will Vietnam begin to make electric cars?

FEATURE
12/04/2021

On March 24, Vinfast made headlines after releasing its statement about receiving orders for its first electric car model VF e34 for VND690 million (about $32,000), to be delivered in the third quarter of 2021. 

Will Vietnam compete with Thailand, Indonesia to manufacture electric cars?icon

Will Vietnam compete with Thailand, Indonesia to manufacture electric cars?

FEATURE
04/04/2021

In Southeast Asia, Thailand and Indonesia are running a race to become electric car manufacturing centers of the region and the world. Will Vietnam join the race?

Car dealers begin clearance sales, reduce prices by up to VND100 millionicon

Car dealers begin clearance sales, reduce prices by up to VND100 million

BUSINESS
03/04/2021

Car sale agents have launched promotion programs in an effort to clear stock, but the price reductions are lower than those in the same period last year.

Indonesia targets electric car production, posing challenge for VN auto industryicon

Indonesia targets electric car production, posing challenge for VN auto industry

BUSINESS
29/03/2021

Indonesia aims to become an electric car manufacturing center in the region in the next few years, which will be a competitive challenge for Vietnam's domestic automobile industry.

Companies vie for right to import used luxury carsicon

Companies vie for right to import used luxury cars

FEATURE
21/03/2021

The Ministry of Investment and Trade (MOIT) has announced that a special bidding session, held once a year, will be organized in May for the right to import used cars.

Vietnamese rush to buy cars as prices fallicon

Vietnamese rush to buy cars as prices fall

FEATURE
05/03/2021

Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging.

Vietnam enters car consumption boom periodicon

Vietnam enters car consumption boom period

FEATURE
26/02/2021

Vietnam aims to obtain a GDP growth rate of 6.5 percent this year and average income per capita of $3,700. With rising incomes, car sales are expected to boom.

Auto manufacturers launch new models, warm up market amid Covid-19icon

Auto manufacturers launch new models, warm up market amid Covid-19

BUSINESS
24/02/2021

Automobile manufacturers are implementing their plans to introduce new models with the hope of boosting sales, despite Covid-19.

When will electric cars see a boom in Vietnam?icon

When will electric cars see a boom in Vietnam?

FEATURE
21/02/2021

The slow sales of electric cars indicate that Vietnamese are still hesitating to use this kind of vehicle. The problem is not high price, but concern about operation and local infrastructure such as recharging stations.

Vietnam competes with Thailand, Indonesia in car exportsicon

Vietnam competes with Thailand, Indonesia in car exports

FEATURE
19/02/2021

Vietnamese enterprises are nurturing the dream of exporting CBU (completely built up) cars, which has partially come true, though exports remain very modest.

Vietnam automobile industry on recovery path despite Covid-19icon

Vietnam automobile industry on recovery path despite Covid-19

BUSINESS
13/02/2021

Vietnam’s rising income per capita would soon move cars from a luxury product with a passenger vehicle density of 34 per 1,000 to a more ordinary one with a density level comparable to countries in the region.

Making cars and smartphones, Vietnam moves to top ASEAN countriesicon

Making cars and smartphones, Vietnam moves to top ASEAN countries

FEATURE
03/02/2021

Vietnam’s industry has seen the fastest upward movement in ranking in global competitiveness among Southeast Asian countries, coming closer to the top 4 ASEAN countries.

Luxury car prices fall, sales improveicon

Luxury car prices fall, sales improve

BUSINESS
22/01/2021

The sales of luxury models in 2020 saw a slight decrease compared with 2019, but the market segment did not bear heavy impact from the pandemic. Wealthy people still spent money on luxury cars and the market was still bustling.

Unprecedented: Chinese car imports selling well in Vietnamicon

Unprecedented: Chinese car imports selling well in Vietnam

BUSINESS
20/01/2021

Chinese car brands made a breakthrough in 2020 when their cars began selling well in Vietnam, which had never before favored products from China.