Automobile imports surge despite slow growth
(Aug 29, 2014)
Viet Nam has bucked economic difficulties in August 2014 to achieve its highest level of car importation since 2011.
Rolls-Royce Motor Cars officially opened its showroom in the capital
city to the public on August 27 as part of its continued expansion
across the Asia-Pacific region.
Euro Auto, the official distributor of BMW in Viet Nam, announced on
Tuesday that it was recalling 1,189 BMW E46 vehicles to replace faulty
front passenger-side airbags.
In nearly a year since returning to Viet Nam Peugeot has sold over 1,000
bicycles, according to Velo Chic, the French company's authorised
A Vietnamese auto company's plan to assemble and sell the world's
cheapest car in Viet Nam has been met with skepticism as the market
seems lukewarm to cheap cars.
The BMW World Exhibition and Expo 2014, which is being held in Viet
Nam for the first time, officially opened on Thursday and will run until
Sunday at Royal City here.
Viet Nam's ambitious master plan for the development of its fledgling
automobile manufacturing industry for 2020 to 2030, which the government
recently endorsed, is facing major stumbling blocks.
The Truong Hai Automobile Company (Thaco) has launched four locally
produced new bus models, namely Thaco County TB75S, Thaco Town TB82s,
Thaco Town TB95S and Thaco Universe TB120S, this year.
Viet Nam's demand for automobiles roared ahead in July thanks to
healthy summer sales incentives, with top auto makers posting near
double-digit increases over last year, an industry group reported.
The General Statistics Office (GSO) reported an increase of 59.8 per
cent to 31,000 units in imports of Completely Built-Up (CBU) automobiles
to the local market.
Toyota Motor Vietnam (TMV) on August 11 announced that it sold 3,759
vehicle units in July, a 25 per cent increase year over year.