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car prices
Update news car prices
Car prices plummet during ‘ghost month’, car dealers sit idle
Though automobile prices have fallen to unprecedented low levels, auto showrooms remain deserted with just several visitors and no buyers, while car dealers spend their time surfing the internet.
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.
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.
Vietnam vows to develop support industries for automobile industry
Current policies have not been attractive enough to persuade investors to pour money into support industries for the automobile industry.
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.
When will taxes be lowered to reduce automobile prices?
The government has affirmed its policy to encourage the development of the automobile industry. However, the ‘encouragement’ is not attractive in the eyes of manufacturers.
Low-cost Chinese cars do not sell well in Vietnam
Despite slow sales, Chinese auto manufacturers have never given up the ambition to penetrate the Vietnamese market.
Auto manufacturers in Thailand, Indonesia look to Vietnam to sell cars
Car imports in Vietnam have increased again after a long slump caused by the impact of Covid-19. Thailand and Indonesia have been the biggest sellers.
Car prices expected to drop in August
More people could afford imported cars from the EU when the EU-Vietnam Free Trade Agreement (EVFTA) takes effect from August 1.
Cars unsold, Ministry asks for rescue action
The inventory index of the automobile industry is 122.5 percent in Q1 compared to the same period last year, though the output has decreased by 10.4 percent.
Car prices to drop next year on import tariff cuts
The Finance Ministry on December 3 issued an order amending the vehicle import tariff, in keeping with Vietnam's commitment to the World Trade Organisation (WTO) on tax reduction.
