New vehicle sales reach over 25,000 in August

New vehicle sales reach over 25,000 in August

VAMA reported sales of 25,196 in August, up 12 per cent.
US vehicle manufacturer Polaris opens $36 million factory in Vinh Phuc

US vehicle manufacturer Polaris opens $36 million factory in Vinh Phuc

Polaris Inc. has inaugurated a factory in Ba Thien II Industrial Park of Vinh Phuc province.
VinFast signs 4-billion-USD deals with Credit Suisse, Citigroup for EV factory in US

VinFast signs 4-billion-USD deals with Credit Suisse, Citigroup for EV factory in US

Automaker VinFast on July 13 announced that it has signed agreements with Credit Suisse (Singapore) Ltd and Citigroup Global Markets Inc. to raise at least 4 billion USD to develop an electric vehicle factory in North Carolina, the US.
Honda Vietnam suspends production due to COVID-19

Honda Vietnam suspends production due to COVID-19

Honda Vietnam (HVN) has become the fourth automaker in Vietnam to suspend production and assembly of cars and motorbikes over the concerns of the COVID-19 pandemic.
Gov’t asked to help automakers overcome difficulties

Gov’t asked to help automakers overcome difficulties

Auto businesses are concerned about Vietnam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy.