QUANG NAM (Biz Hub) — The Truong Hai Automobile Joint-Stock Company (Thaco) has offered a promotion programme for three car brands – Kia, Mazda and Peugeot – from April 19 to April 30.

The Quang Nam-based automobile maker said 12 models of Kia will be sold in a two-week promotion at a special price between VND16 million (US$710) and VND67 million ($3,000).

Mazda will also sell 13 models at prices ranging from VND15 million ($667) to VND72 million ($3,200).

Meanwhile, Peugeot, which started manufacturing in Viet Nam in 2014, will offer six of its models with prices ranging from VND20 million ($889) to VND90 million ($4,000).

According to latest report from Vietnam Automobile Manufacture Association (VAMA), Thaco was the leading automobile maker in Viet Nam market in the first quarter of this year having sold 23,485 units.

VAMA said sales of Kia, Mazda and Peugeot cars reached 13,533 in the first quarter – an increase of 62 per cent – in comparison to the same time last year.

VAMA also said Kia registered significant growth with 6,548 units sold in the first three months, earning 60 per cent increase as the same quarter last year, while Mazda saw a 63 per cent increase in sales.

Three local-made car brands - Peugeot, Kia and Mazda - will receive a sale promotion programme from April 19-30. Buyers of Peugeot will receive a maximum sale price of VND90 million, while Kia gets VND67 million and Mazda with VND72 million. — VNS Photos

Thaco also said car models with an engine capacity under 1.5 litre will receive a five per cent reduction in special consumption tax from 45 per cent to 40 per cent from July 1.

Thaco aims to increase its numbers to 100,000 units in 2016, comprising 40,000 trucks and 57,000 tour cars (Kia, Mazda, and Peugeot).

Thaco, the largest automobile maker in Viet Nam, has produced and distributed vehicles for three car manufacturers, Kia from South Korea, Mazda from Japan and French giant Peugeot. — VNS