Automobile sales down in first seven months Sales of automobiles plunged 28 per cent year-on-year to 131,248 units in the first seven months of this year, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Auto firms urged to have suitable business plans amid COVID-19 With the new COVID-19 outbreak, automobile firms are expected to face new difficulties.

Policies encourage automakers to assemble cars in VN Several automakers are considering assembling their best-selling models in Việt Nam due to the Government’s policy of zero import tariffs on components and a 50 per cent reduction in registration fees.

Việt Nam Motor Show cancelled due to COVID-19 The Việt Nam Motor Show 2020, which was set to be held from October 28 to November 1 this year, has been cancelled due to the complex developments of the COVID-19 pandemic.

Motorcycle sales plummet

Members of the Việt Nam Association of Motorcycle Manufacturers (VAMM) sold nearly 519,000 motorcycles in the second quarter this year, a year-on-year decrease of 30.77 per cent.

Automobile market on track for recovery: VAMA

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 24,002 automobiles in June, up 26 per cent compared to the previous month but down 13 per cent year on year.

Auto consumers expected to enjoy 50 per cent cut in registration fee The Ministry of Finance has officially asked the Government to cut 50 per cent of the registration fee for customers who buy locally-produced and assembled automobiles.

Savico appoints new management board amid foreign divestment The move won 99.53 per cent of shareholders’ votes in its annual shareholders’ meeting on Friday in HCM City.

VAMA sales of cars drop 33 per cent in Q1 The firms sold just more than 50,000 cars in the period, marking a year-on-year decrease of 33 per cent.

TC Motor halts operations TC Motor will suspend vehicle production in the northern province of Ninh Bình from April 1 to 15 due to concerns of COVID-19.