automobile market

Update news automobile market

Automobike market in early 2024 remains stagnant

The continued decline in demand and the expiration of the government’s preferential policies are why the Vietnamese automobile market still has not recovered as expected.

Automobile sales soar by 247% in August

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) logged their August vehicle sales at 30,846, a month-on-month increase of 2% and a year-on-year surge of 247%.

Car manufacturers resume assembling of some models in Vietnam

As Vietnam has set new policies to encourage domestic production, car manufacturers have resumed the assembling of some bestsellers in Vietnam to enjoy incentives.

Price wars imminent as initial fees reduce

As car sales continue to reduce, local importers have asked authorised agencies to apply a 50% reduction in registration fees for imported cars in order to remove discriminatory tax reduction currently used for only locally-assembled vehicles.

Vietnamese automaker boosts sales of passenger cars to Thailand

Truong Hai Auto Corporation (THACO), a leading automaker in Vietnam, has sold 80 Kia Grand Carnival cars to Thailand.

Favourable policies expected to drive auto market growth

The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.

Ford Vietnam announces US$82 million expansion of Hai Duong assembly facility

Ford Vietnam on January 14 announced it was investing another US$82 million (VND1.9 trillion) to upgrade its Hai Duong assembly facility and expand its annual production capacity to 40,000 vehicles.


Vietnamese automobile makers ask for more support

Among the incentives, the government is urged to lower the special consumption tax for locally made parts to help them reduce prices to compete with foreign manufacturers.

Vietnam's auto market filled with gloom despite falling prices

Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed, spreading more gloom about the sector’s health.

Automobile sales in Vietnam can set new record in 2019

Vietnam's automobile market is expected to set a new sales record this year with sales of the Vietnam Automobile Manufacturer Association (VAMA) members and TC Motors averaging nearly 32,000 cars each month in January-September.


Taxes on imported cars from EU to fall to 0%

The taxes on imported cars from Europe to Viet Nam will drop to zero per cent in the next nine to 10 years, creating new competitiveness in the automobile market.


What will the automobile market be like in 2019?

VietNamNet Bridge - With the predicted recovery of car imports, the Vietnamese automobile market in 2019 is expected to heat up. 

Truck manufacturers, assemblers at risk of closure

VietNamNet Bridge - The small scale of the truck market, the low localization ratio, low demand and high taxes and fees are putting pressure on truck enterprises.

Race to compete

 Local automakers have it all to do as tariffs on imported CBU vehicles from ASEAN are cut.

Vietnamese produce rubber, foreign-invested enterprises make tires

VietNamNet Bridge - A well-developed automobile market, an abundant rubber supply, a cheap labor force and reasonable tax policies all help make Vietnam an attractive market for foreign tyre manufacturers.

Automobile market picks up steam

 VietNamNet Bridge – The latest sales figures confirm that despite lingering market difficulties, sales of domestic automakers continue to grow with Toyota, Thaco and Ford outperforming foreign manufacturers in recent months.