Update news vama

VietNamNet Bridge - Experts say the Vietnamese car maker has included many outstanding features on its first models, which are being offered at incredibly low prices.

Automobile support industries still sluggish

VietNamNet Bridge - The import tariff on cars with fewer than 9 seats from ASEAN countries has been cut to zero percent, but the car prices do not decrease, but are even higher than previously.

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.

Automobile joint ventures return to to car assembling

After a period of focusing on importing cars to sell domestically, foreign invested automobile manufacturers have returned to their initial work – assembling cars domestically.

Vietnamese appetite for luxury cars surprises manufacturers

VietNamNet Bridge - Vietnamese spend tens of trillion of dong every year to import luxury cars, though the average income per capita is at a medium level in Southeast Asia.

Billions of dollars worth of car parts exported but not from Vietnamese manufacturers

Vietnam spends billions of dollars to import car parts each year for domestic assembling, but it also exports billions of dollars worth of vehicle parts. 

Three big players vie for status in Vietnam’s automobile market

VietNamNet Bridge - In the first six months of 2018, three big players – Hyundai, Toyota and Truong Hai – held three-quarters of the fewer-than-9-seat car market share.

Automobile manufacturers race to expand distribution networks

VietNamNet Bridge - The success of automobile manufacturers is determined not only by product quality and design, but also by distribution networks and post-sale services.

Vietnam to become South Korean car part production center

Vietnam’s policy on tightening control over import and decreased domestic consumption as well as exports in South Korea have prompted South Korean investors to set their car part production bases in Vietnam.

Vietnam’s automobile industry still too small compared with ASEAN countries

Vietnam has been building up its automobile industry for the last 20 years, but the number of automobiles assembled in Vietnam is far below that of Thailand, Indonesia, Malaysia and the Philippines.

Made-in-Vietnam electric cars: dream or reality?

At Saigon Autotech & Accessories 2018, an automobile and motorbike support industry exhibition, CITY 18, an electric car drew visitors’ attention as it was a Vietnamese product made by Tran Minh Tam from HCMC.

Chinese auto manufacturers trying to enter Vietnam market again

VietNamNet Bridge - Chinese brands some years ago attended a series of automobile exhibitions and ran large advertisement campaigns. But a short time later, they left Vietnam.

Dozens of taxes, fees burden VN car users

VietNamNet Bridge - Vietnam is among the countries with the highest selling price of cars in the world. 

Automobile joint ventures expanding production in Vietnam

VietNamNet Bridge - While some automobile assemblers have stopped domestic production and shifted to importing products, others have poured more money into production lines in Vietnam.

Import cars arrive, but only from Thailand, Indonesia

Only Thailand and Indonesia have adjusted their regulations to satisfy Vietnam’s requirements to export cars to Vietnam. Imports from other countries still cannot meet the requirements stipulated in Decree 116.

Vietnamese willing to spend big money on super cars

VietNamNet Bridge - Vietnamese are some of Southeast Asia’s biggest buyers of luxury cars.

CPTPP: Vietnam to feel pressure on labor quality

Labor costs in Vietnam are expected to be higher after commitments in the CPTPP (the Comprehensive and Progressive Agreement for Trans-Pacific Partnership) trade agreement are implemented, experts say.

Vietnam still struggling to develop supporting industries

VietNamNet Bridge - Vietnam has been trying to develop support industries for 30 years, but is still finding it difficult to squeeze into the global supply chain.

Automakers’ shift to selling cars lowers tax collections

Domestic automobile joint ventures are focusing on importing cars for local sale rather than manufacturing, raising concern about the loss of revenue to local budgets.

Vietnam plans technical barriers on imported cars

The ministries of Transport (MOT) and Science & Technology (MST) plan to set up technical barriers to tighten the control of imported cars.