As many as 26,037 cars were sold in January, marking a year-on-year increase of 28 per cent, reports the Vietnam Automobile Manufacturers’ Association (VAMA).
Since Vietnam Asset Management Company (VAMC) seized Sài Gòn One Tower using the authority conferred on it by Resolution 42 on settling bad debts, several banks have followed suit and offered mortgaged assets for sale to help pay their bad debts.
Việt Nam spent more than US$2.15 billion importing 94,000 cars last year, marking a year-on-year decrease of 16.8 per cent in volume and 9.6 per cent in value.
The Vietnamese automobile market witnessed an unsuccessful 2017 as the total sales was lower than in 2016 and failed to reach the desired growth rate.
The quality of E5 bio fuel in Việt Nam is ensured and meets international standards. All features, capacity and fuel consumption remain the same, and in some criteria E5 is better than RON 92, officials said.
Days away from the official implementation of Decree 116 regarding Việt Nam’s automobile import and assembly sector, the market is divided with firms swearing by opposite outcomes of these requirements.
Việt Nam National Petroleum Group (Petrolimex) will begin selling diesel under Euro 5 standard, the highest quality of the product in Việt Nam, from the beginning of 2018.
With a continuous year-on-year decline in sales this year, the domestic auto industry is unlikely to achieve the 10 per cent growth predicted by the Vietnam Automobile Manufacturers’ Association (VAMA).
Việt Nam in October witnessed many changes in the group of bestselling cars, according to report from the Vietnam Automobile Manufacturers’ Association (VAMA).
Việt Nam spent over US$165 million importing 6,111 complete built-up cars in September, a 22 per cent reduction compared to previous month, according to the preliminary report of the General Department of Customs.