Thai car manufacturers eye Vietnamese market this year
(Mar 27, 2015)
Cars made in Thailand are expected to flood Viet Nam in the future as
their sales have been increasing in the domestic market in recent times.
US auto maker Ford unveiled its new, improved Ranger and Everest cars
at the 2015 Bangkok International Motor Show being held in Thailand.
Viet Nam spent US$133 million on importing 5,493 completely built-up
(CBU) cars last month, an increase of 86 per cent in quantity and 160
per cent in value compared in the same month last year, according to the
General Statistics Office.
Multiple companies have offered to buy the entire State-owned capital of
Vietnam Motors Industry Corporation (Vinamotor), comprising 85.58
million shares, or 97.7 per cent of its registered capital.
The Vietnam Association of Mechanical Industry (VAMI) has requested the
Prime Minister and the Ministry of Finance to adjust the import tax
imposed on complete built units (CBU) trucks.
Sportex Vietnam to be held in HCM City from April 9 to 11.
Mercedes-Benz Vietnam is recalling more than 1,000 E-class and CLS
models due to a potential fire risk as the rubber hood trim could fall
into the engine compartment.
Ford Motor earlier this week announced its prototype electric bicycle
(e-bike) experiment at the Mobile World Congress in Barcelona.
The Truong Hai Automobile Company (Thaco) plans to export locally
manufactured vehicles to Myanmar, Cambodia and Laos as part of its
strategy this year.
Cars sales in January in Viet Nam fell by one per cent to touch 19,979
units, compared with the previous month, but increased by 80 per cent
Chu Lai Open Economic Zone in the central province of Quang Nam withdrew
permission for the Chu Lai-Truong Hai engine manufacturing project at
the end of 2014.