Mercedes-Benz H1 sales in VN grow by 60%

July 24, 2017 - 13:30

Mercedes-Benz Vietnam (MBV) reported year-on-year growth of more than 60 per cent in automobile sales during the first half of 2017, its best performance in its 22 years in Việt Nam.

GLS sport utility vehicle. — Photo mercedes-benz.com.vn

Viet Nam News

HÀ NỘI — Mercedes-Benz Vietnam (MBV) reported year-on-year growth of more than 60 per cent in automobile sales during the first half of 2017, its best performance in its 22 years in Việt Nam.
The firm sold a total of 2,900 cars during the period in spite of market fluctuation.
While many automakers are cutting prices of both affordable and luxury models sold in Việt Nam to boost demand, MBV still enjoyed high sales even with its prices ranging from VNĐ1.34-14.45 billion.
The brand also appeared to not be much affected by the upcoming elimination of Việt Nam’s import tariff on ASEAN-made vehicles in early 2018 following the ASEAN Trade in Goods Agreement (ATIGA).
According to MBV, since the beginning of this year, the company has received over 100 orders for luxury model Mercedes-Maybach, with half of them delivered. The new-generation E-Class also saw good sales, with more than 600 units sold since its debut in late 2016. — VNS

Tags vietnam mercedes-benz

Work starts on $84.5-million glove manufacturing project in Nam Định

bizhub

Mega trading project starts construction in Đà Nẵng

bizhub

Samsung holds second corporate social responsibility day

bizhub

Growing wine market to be worth US$382 million

bizhub

Taiwan and Việt Nam collaboration in the water treatment sector is promising prosperity

bizhub

Maersk opens its first bonded warehouse in Việt Nam

More on this story

bizhub

VN among top ten US home buyers

Việt Nam is among the top ten countries buying US residential real estate, according to an annual survey of residential purchases from international buyers released earlier this week by the US National Association of Realtors (NAR).

bizhub

EVN to sell stake in its finance subsidiary

Hà Nội Stock Exchange (HNX) has announced that Electricity of Việt Nam (EVN) will auction 15 per cent of its stake, equivalent to 37.5 million shares, in EVN Finance Joint Stock Company.

bizhub

Bình Dương to launch $42 million plant

TRP Việt Nam Company Limited officially launched its production plant of thorns, heating pads and plastic materials with a capital investment of over US$42 million at Việt Nam - Singapore Industrial Park II, the southern province of Bình Dương on Friday.

bizhub

TTC Energy to install solar panels for Bến Tre department store

TTC Energy Joint Stock Company has signed an agreement with Saigon Co.op Investment Development Joint Stock Company to install a 588 kWp solar power system on the roof of the latter’s Sense City Department Store in Bến Tre city.

bizhub

SSI reports robust performance in 2nd quarter

Saigon Securities Inc. (SSI) reported pre-tax profits of VNĐ402.3 billion (US$17.7 million) on revenues of VNĐ762.1 billion (US$33.57 million) in the second quarter of the year, up 9.5 per cent and 10.3 per cent year-on-year.

bizhub

Hong Kong firm invests to build low-cost multiplexes

Việt Nam’s Beta Media JSC has signed an investment agreement with Hong Kong’s Blue HK Investments Ltd. to construct low-cost multiplexes in small cities and suburbs in the country.

bizhub

Experts: Domestic companies should develop strong brand names

European consumers cannot recognise brand names of most goods imported from Viet Nam since many businesses are not fully aware of the importance of building trademarks and have not complied with EU standards for exports, Claudio Dordi, technical assistance team leader of the EU-MUTRAP Project, said.

bizhub

MoIT extends deadline for requests on anti-dumping steel import tax

The Việt Nam Competition Authority (VCA) under the Ministry of Industry and Trade (MoIT) will continue to receive requests from manufacturers, traders and others seeking to ease or lift the anti-dumping tax on imported cold-rolled stainless steel from China, Indonesia, Malaysia and Taiwan until July 31, 2017.