Automobile sales, manufacture enjoy surges
(Feb 06, 2016)
Manufacture, assembly and sales of automobile products of Toyota Vietnam and Honda Vietnam in the northern province of Vinh Phuc have had a sharp gain in recent years thanks to new strategies from the manufacturers.
The cost of automobile rentals has risen as much as 20-100 per cent as Tet (Lunar New Year) approaches, according to rental car agencies.
Gasoline distributor Petrolimex Sai Gon yesterday admitted their A95 fuel had caused engine failure in several cars.
The Management Board of the Viet Nam Motor Industry Corporation Joint
Stock Company (Vinamotor) appointed Nguyen Hai Trung as the new general
director of the company on February 2.
The import of made-in-China automobiles to the Vietnamese market were
successful in 2015 as their prices were much lower than others in the
Viet Nam has completed negotiations on bilateral agreements on
automobile manufacturing and assembling with Russia and Belarus,
according to the Ministry of Industry and Trade.
Euro Auto - the authorised importer of BMW brand – showed consistent
growth in 2015, at over 40 per cent compared to 2014, in the Vietnamese
Coimbatore based automotive components manufacturer Pricol Limited plans
to set up plants in Mexico and Viet Nam and looks forward to making acquisitions in Europe to access the market as part of its vision 2020.
Viet Nam imported 125,663 completely built-up units (CBUs) in 2015,
worth more than US$2.98 trillion, marking a 77 per cent and 89 per cent
year-on-year increase in quantity and value.
The Vietnam Engine and Agricultural Machinery Corporation (VEAM) targets
earning more than VND10.5 trillion (US$467.56 million) in revenue this year, a 6 per cent
increase compared with last year.
Ford Viet Nam saw record sales in 2015, selling 20,740 units, a significant rise of 48 per cent over the previous year.