vietnams car market saw may rebound

Vietnam's car market saw May rebound

A report by the Vietnam Automobile Manufacturers’ Association (VAMA) has revealed that automakers experienced a slight recovery in sales in May after a decline in April.
south koreas tata daewoo eyes automobile assembly factory in tuyen quang

South Korea's Tata Daewoo eyes automobile assembly factory in Tuyen Quang

South Korea's Tata Daewoo is looking for a 10-hectare site for an automobile assembly factory in the northern province of Tuyen Quang.
malaysian automobile industry sees new milestone

Malaysian automobile industry sees new milestone

The Malaysia Autoshow 2024 has concluded with original equipment manufacturer (OEM) reporting a total of 1.4 billion RM (about 294.4 million USD) potential sales, 2,620 bookings of vehicles, and 13,799 sales leads - marking a significant milestone for the automotive industry.
targeted support can increase prospects for vehicle industry

Targeted support can increase prospects for vehicle industry

In many countries around the world, the automobile industry plays an important role in the national economy. It greatly contributes to the nation’s GDP and creates millions of jobs for people. At present, Vietnam needs effective and practical solutions to develop its industry further.
asean japan develop joint automobile production strategy

ASEAN, Japan develop joint automobile production strategy

The Association of Southeast Asian Nations (ASEAN) and Japan plan to create their first joint strategy on automobile production and sales within Southeast Asia in the context of China’s increasing presence in the regional electric vehicle market.
vietnams vehicle sales down 11 per cent in first four months

Vietnam's vehicle sales down 11 per cent in first four months

According to a recent report from the Vietnam Automobile Manufacturers’ Association (VAMA), recorded sales of vehicles were down 11 per cent year-on-year to 82,515 units in the first four months of 2024.
electric vehicles gradually proving their superior value

Electric vehicles gradually proving their superior value

Vietnamese private conglomerate Geleximco is partnering with OMODA&JAECOO Automobile to strengthen its business. Tran Hung, marketing manager of the joint venture, talked to VIR’s Bich Thuy about how it will work.
geleximco group and chery international enter automobile joint venture

Geleximco Group and Chery International enter automobile joint venture

Geleximco Group and Chery International on April 4 signed an agreement to set up a joint venture to build an automobile factory in Vietnam.
auto sales suffer their sharpest drop in five years

Auto sales suffer their sharpest drop in five years

According to a recent report from the Vietnam Automobile Manufacturers’ Association (VAMA), recorded sales of vehicles for February were down 40 per cent from the previous month and 50 per cent on-year, representing the largest decline in almost five years.
quang nam set for car industry upgrade

Quang Nam set for car industry upgrade

Quang Nam province will raise the quality of its automobile industry and mechanical manufacturing to become an important field for the development of the province, according to its official planning.
pre owned names invest in services to boost growth

Pre-owned names invest in services to boost growth

The pre-owned market in Vietnam is experiencing a dynamic shift towards growth, driven by evolving consumer preferences and strategic business adaptations across a range of sectors from electronics to automobiles.
vietnams automobile market stands 5th in southeast asia

Vietnam’s automobile market stands 5th in Southeast Asia

The decline in domestic automobile consumption and its drop to 5th place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.
lynk co car brand launches in ho chi minh city

Lynk & Co car brand launches in Ho Chi Minh City

On January 13, Lynk & Co Automobile International Sales Co. Ltd (Lynk & Co) and GreenLynk Automotives JSC introduced the Lynk & Co car brand in the southern market with three SUV models: Lynk & Co 01, Lynk & Co 05, and Lynk & Co 09.
vietnams car sales drop to just over 300000 units in 2023

Vietnam's car sales drop to just over 300,000 units in 2023

Automakers under the Vietnam Automobile Manufacturers’ Association (VAMA) sold just over 300,000 units in 2023, a sharp drop of 25 per cent on-year.
thaco group profits drop sharply amidst grey market

THACO Group profits drop sharply amidst grey market

THACO Group gained $45.4 million in net profits in the first half of the year, declining by 75 per cent compared to the same period in 2022.