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.
epr promotes the recycling of automobiles and motorbikes

EPR promotes the recycling of automobiles and motorbikes

A car or motorbike that is expired or cannot be used can be demolished to reuse and recycle its parts to create resource circulation, unlocking the vehicle recycling industry worth billions of dollars. With this, extended producer responsibility (EPR) policy is a tool to promote this industry.
decree stipulates examination certification of imported cars technical safety

Decree stipulates examination, certification of imported cars’ technical safety

The Government has issued a decree regulating the examination and certification of technical safety and environmental protection for automobiles and parts imported under some international agreements to which Vietnam is a party.
algerian conglomerate gfr seeks partners in vietnam

Algerian conglomerate GFR seeks partners in Vietnam

Algerian company Groupe des Frères Rahmoune (GFR) convened with the Vietnamese Embassy and Trade Office in Algeria on August 20 in an effort to foster collaboration and explore partnership opportunities in sectors ranging from automobile imports to agriculture, packaging, construction materials, and tourism.
50 per cent cut in automobile registration fees to be effective from july 1

50 per cent cut in automobile registration fees to be effective from July 1

The decree aims to help enterprises in the domestic automobile manufacturing industry who are faced with high surplus inventory alongside reduced access to capital, high interest rates, changes in exchange rates, and inflation.
carmakers keen on extension of sct pay

Carmakers keen on extension of SCT pay

The Ministry of Finance has sent to the Ministry of Justice a dossier on the extension of special consumption tax for domestically manufactured cars incurred from June-September 2023, until November 20.