Toyota Vietnam

Update news Toyota Vietnam

VN automobile manufacturers ask for more support

Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.

Cheap Chinese automobiles not welcome in Vietnam

VietNamNet Bridge - The General Department of Customs (GDC) reported that 86 Chinese-made cars with fewer than nine seats arrived in Vietnam this month.


Predictability sought

 Though Vietnam's automotive market holds promise from rising per capita incomes and a huge population, carmakers remain plagued by inconsistent government policies.

No guidelines available for auto industry development strategy

 VietNamNet Bridge – The Ministry of Industry and Trade has yet to issue guidance for an automobile industry development strategy though the Government approved this strategy in July last year.

Toyota Vietnam CEO elected VAMA Chair

 VietNamNet Bridge – The Chief Executive Officer (CEO) of Toyota Vietnam has replaced Ford Vietnam’s CEO to assume the chairmanship of the Vietnam Automobile Manufacturers Association (VAMA) as of January 30, according to VAMA’s announcement.

BUSINESS IN BRIEF 18/8

 Agriculture ministry: 50% of cooperatives profitable; Land auctions to add VND4 trillion to city budget; Vietnam lacks huge vessels for int’l routes; Vietnam Railway to divest all capital from ten firms

BUSINESS IN BRIEF 15/4

 Toyota Vietnam enjoys exponential growth in Q1; Retail market sets stage for price competition; Businesses seen as foundation for economic growth in 2014; Garment sector eyes localisation of inputs

Thaco overtakes Toyota Vietnam as biggest sales achiever

 Local auto maker and assembler Truong Hai Auto Corporation (Thaco) has once again overtaken the long-time market leader Toyota Vietnam as the biggest sales achiever in the country.