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.
The average income per capita in Việt Nam will reach about US$3,000 in 2020 and the demand of cars will boom shortly thereafter, according to the Ministry of Industry and Trade (MoIT)'s forecast.
Car sales in September plummeted, the Vietnam Automobile Manufacturers’ Association (VAMA) said on Tuesday.
Many car manufacturers in Việt Nam continue to apply discounts and promotions to stimulate purchasing.
Some 8,000 complete built-up units of cars worth US$180 million were imported to Việt Nam in August, marking a slight increase of 1,000 units in volume and $13 million in value compared with the previous month.
Vietnamese automakers and importers have been racing to reduce the price of many models in recent months ahead of the zero-tariff policy for car imports from ASEAN nations that goes into effect on January 1, 2018.
The 13th Việt Nam Motor Show has opened in HCM City. Showcasing their latest products are 12 renowned auto brands as well as leaders in transportation, components, technology, and related services.