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Automobile

Haohuas 500 million tyre factory begins operations

Haohua’s $500 million tyre factory begins operations

Haohua''s tyre factory, with an investment of US$500 million, has officially commenced its first phase of operations in Hớn Quản District, Bình Phước Province.
November auto sales surge driven by Government incentives

November auto sales surge driven by Government incentives

The Việt Nam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14 per cent.
VAMA suggests changes in special consumption tax rates for EVs

VAMA suggests changes in special consumption tax rates for EVs

The proposed decrease in tax rates for self-charging hybrid electric vehicles (HEVs) with nine seats or fewer, as outlined in a draft law by the Ministry of Finance, appears to be a significant shift in tax policy, according to experts. 
Automobile sales in Việt Nam up 9 per cent in July

Automobile sales in Việt Nam up 9 per cent in July

Auto sales in Việt Nam in July increased nine per cent from the previous month to 28,920 units.
Amended draft law on SCT may hinder development of local automobile industry: VCCI

Amended draft law on SCT may hinder development of local automobile industry: VCCI

The Vietnam Federation of Commerce and Industry (VCCI) has raised several concerns about the amended Draft Law on Special Consumption Tax (SCT).
VNs automobile market will see a big influx of Chinese car brands

VN’s automobile market will see a big influx of Chinese car brands

The Vietnamese automobile market is experiencing significant transformations with the entry of Chinese car brands, according to experts.
May auto sales inch up 6 per cent

May auto sales inch up 6 per cent

During the five-month span, VAMA members sold a total of 108,309 autos, with the sales of domestically produced units falling 14 per cent and imported vehicles rising 8 per cent year-on-year.
Domestic auto sales inch up 6% in May

Domestic auto sales inch up 6% in May

Local auto sales in May increased 6 per cent from the previous month to 25,794 units, as dealers rolled out stimulus measures to spur consumption,
VNs automobile industry still faces challenges in implementing FTAs

VN’s automobile industry still faces challenges in implementing FTAs

Việt Nam has made efforts to build a strong domestic automobile industry with a view to becoming an exporter. However, the young industry faces many challenges, especially in implementing FTAs.
Automobile industry reported strong sales in Q1

Automobile industry reported strong sales in Q1

Last month, 25,700 vehicles were produced and assembled in Việt Nam, an increase of 4 per cent compared to the previous month (24,800 vehicles), marking a comeback from a sharp decline in sales experienced in the months before Tết.
VN outlines strategy to boost domestic automobile industry

VN outlines strategy to boost domestic automobile industry

The strategy should also aim to increase the market share of domestically produced automobile products gradually, with the intent to replace imported products.
Vietnamese auto market witnesses sales surge in March

Vietnamese auto market witnesses sales surge in March

According to the Vietnam Automobile Manufacturers’ Association (VAMA), its members sold a total of 27,289 units in March, up 135 per cent against February.
February automobile sales see biggest fall in three years

February automobile sales see biggest fall in three years

Local automobile sales in February plummeted 50 per cent year-on-year to 11,633 automobiles, the biggest  in three years.
Việt Nam automobile market remains stagnant in early 2024

Việt Nam automobile market remains stagnant in early 2024

Car manufacturers have resorted to offering big discounts and promotions to attract customers and stimulate demand.
Auto market expected to make a breakthrough in H2

Auto market expected to make a breakthrough in H2

The total car sales in the entire market of member units only reached 19,243 vehicles in January, down 50 per cent compared to the previous month.