automobile industry

Update news automobile industry

Some Vietnamese enterprises have invested in electric-car manufacturing and charging stations, but an overall electric car strategy has yet to be developed by the government.

 

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

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 sales

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 emissions

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

When will Vietnam begin to make electric cars?

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?

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 million

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 industry

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 cars

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 fall

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

Vietnam enters car consumption boom period

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-19

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?

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 exports

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-19

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 countries

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 improve

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 Vietnam

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

After fast growth, domestically assembled cars face downtrend

The year 2020 witnessed many ups and downs of the car market. In H1, demand dropped dramatically because of Covid-19, but in H2, cars sold well thanks to the preferential vehicle registration tax.

Low-cost cars remain dream for Vietnamese

Vietnam’s automobile industry had a prosperous year 2020 despite COvid-19. Manufacturers scaled up production, and new investors appeared.