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Update news Toyota Vietnam
Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.
VietNamNet Bridge - The General Department of Customs (GDC) reported that 86 Chinese-made cars with fewer than nine seats arrived in Vietnam this month.
Though Vietnam's automotive market holds promise from rising per capita incomes and a huge population, carmakers remain plagued by inconsistent government policies.
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.
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.
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
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
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.