car sales

Update news car sales

Car sales in Vietnam have been forecasted to hit the record high of 400,000 by the end of this year.

Promotional campaigns fail to lift automobile sales in Vietnam

Car sales in November failed to meet expectations even though the year-end shopping season has started and despite various discounts of up to hundreds of millions of dong.

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.

Vietnamese automobile manufacturers focus on importing cars, neglect production

In the first half of the year, the number of cars imported to Vietnam increased by 500 percent, while some models saw a sharp increase of 650 percent compared with the same period last year.

Limited car output hinders development of Vietnam's support industries

CBU (complete built unit) imports have been flooding the Vietnamese market while domestic factories have cut output, raising concerns among car part manufacturers that they may lose jobs.

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.

 

Vietnam needs long-term strategy for automobile industry

VietNamNet Bridge - Vietnam’s automobile industry needs support from government to reduce production costs and become a player in the regional automobile market, experts say.

Foreign-invested auto manufacturers shift to selling imported models

Foreign-invested auto companies in Vietnam are stopping domestic production and shifting to importing cars to sell in the market.

Luxury cars flooding Vietnamese market

VietNamNet Bridge - Mercedes, Ford, Audi, Porsche and BMW auto manufacturers have been expanding their distribution networks in Vietnam in recent months.

Vietnam to export spare bus parts to Russia

Thaco, a 100 percent Vietnamese automobile manufacturer, has begun exporting spare bus parts to Russia, but experts have warned that it will have to compete with Chinese enterprises.

Despite tax hike, Vietnam still attractive to foreign auto manufacturers

VietNamNet Bridge - While complaining about difficulties, foreign automobile manufacturers still could reap fruit in 2015. Despite big problems, they still want to cooperate with Vietnam’s automobile industry.

TPP will be ‘light at the end of tunnel’ for Vietnam’s automobile industry: expert

VietNamNet Bridge - The Trans Pacific Partnership Agreement (TPP) brings a ray of hope to the Vietnam’s automobile industry.

BUSINESS IN BRIEF 17/11

Buyback plan boosts ACB share prices; Northern bourse to collaborate with Vinalines; Mutual Fund gets major Mobile World stake; No ASEAN goods surge with tariff cuts; First Vietnamese shrimp farm meets sustainability standards

BUSINESS IN BRIEF 4/4

 45 countries recognise Vietnam’s market economy status; Vietnam, Customs Union conclude 5th FTA negotiation round; Ministry to crack down on mineral exports; Sugar association asks for export relief

BUSINESS IN BRIEF 12/2

 VND to be added to Big Mac Index; Da Nang revokes licenses of mineral companies; Thailand’s leading retailer says to open store in Vietnam; Low demand pushes down goods prices; Thaco’s engine plant project behind schedule

Luxury car makers foresee good signs in 2013

Luxury car brand owners have been trying to expand their distribution networks in Vietnam, which means that they believe in the prosperity of the market in 2013.