More than 16,000 vehicles sold in March: VAMA
(Apr 16, 2015)
Viet Nam's vehicle manufacturers sold a combined 16,399 units in March,
up 62 per cent from the same period last year, according to the Viet Nam
Automobile Manufacturers Association (VAMA).
The domestic automobile industry faces the risk of collapse, with both
consumers and manufacturers shifting to imports, according to the Tuoi
tre (Youth) newspaper.
Toyota Motor Vietnam (TMV) is wavering between continuing to assemble
and manufacture cars and importing completed cars when the 2018 import
tax on cars from ASEAN countries drops to zero.
With Viet Nam's low labour costs and young workforce, the automobile
industry has good potential to develop here, but the right strategy is
needed, an auto industry seminar heard in HCM City on April 2.
The Truong Hai Automobile JSC (Thaco) has reduced the prices of four
models – Peugeot 208, 408, 508 and RCZ – in the Vietnamese market, by
VND20 million to VND 240 million.
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.