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car market

Used car market sees a robust recovery: report

Used car market sees a robust recovery: report

The domestic used car market has shown a robust recovery in the first half of 2024, marking a significant turnaround from the downturn experienced in 2023, according to industry insiders.
Local car market experiences strong transition to green vehicles

Local car market experiences strong transition to green vehicles

The increase in the number of electric vehicles from 138 units in 2019 to over 28,000 electric vehicles and 3,557 hybrid vehicles in September 2023 is a clear indication of the growing interest in these vehicles among consumers.
Local car market reacts to end of fee reduction policy

Local car market reacts to end of fee reduction policy

Several car companies have responded to the changing market conditions by implementing various strategies to stimulate sales.
Local car market still sees sluggish sales as Tết nears

Local car market still sees sluggish sales as Tết nears

Domestic auto market is experiencing a decline in car sales and a lack of customer demand compared to previous years,
Used car market faces more difficulties

Used car market faces more difficulties

The introduction of a multitude of new car models coupled with significant discounts has intensified the challenges faced by the already struggling second-hand car market.
Used car market under pressure from cheaper new cars

Used car market under pressure from cheaper new cars

Many car manufacturers have applied a 50 per cent cut in registration fees for buyers, depending on car models.
Domestic car market maintains sale growth in April

Domestic car market maintains sale growth in April

Members of the Viet Nam Automobile Manufacturers Association (VAMA) sold 42,359 autos in April, up 14 per cent on the month and 40 per cent on the year, according to a recent VAMA report.
Domestic car market sees consumption growth in March

Domestic car market sees consumption growth in March

Members of the Viet Nam Automobile Manufacturers Association (VAMA) sold over 36,962 autos in March, up 60 per cent on the month, according to a recent VAMA report.
Ministry proposes extending excise tax payment for local auto firms

Ministry proposes extending excise tax payment for local auto firms

The Ministry of Finance (MoF) has proposed the Government continue extending the deadline for excise tax payment for domestically-manufactured and assembled cars.
Used and new car market sees rising demand as Tet approaches

Used and new car market sees rising demand as Tet approaches

Used and new car market sees rising demand as Tet approaches
Vietnamese carmaker aims to conquer European high-end electric car market

Vietnamese carmaker aims to conquer European high-end electric car market

The Le Monde newspaper of France has recently posted an article reporting that VinFast automaker of Viet Nam’s conglomerate Vingroup has entered the high-end electric car market in Europe, as it is expected to launch two models in France and...
High cost, lack of infrastructure barriers to electric car market

High cost, lack of infrastructure barriers to electric car market

The Ministry of Industry and Trade has just released seven factors that affect the development of the electric car industry in Viet Nam.
Car sales rocket after registration fee cut

Car sales rocket after registration fee cut

Prime Minister Nguyễn Xuân Phúc decided to cut 50 per cent of registration fees for locally-manufactured and assembled cars till the end of this year.
Luxurious car brands forecasted to increase market share

Luxurious car brands forecasted to increase market share

The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.
Bumpy ride for auto industry

Bumpy ride for auto industry

Listed automobile companies will face a challenging and volatile year in 2017 on policy changes and rising competition from imported products.