Automobile sales drop 22 per cent in February A report by the Vietnam Automobile Manufacturers' Association (VAMA) said its members sold 13,585 vehicles in the month, down 22 per cent over the previous month.

Central region hopes for economic recovery after devastating 2020 After a decade of stable growth, the central region's tourism and services triangle of Thừa Thiên-Huế Province, Đà Nẵng City and Quảng Nam Province faced poor growth in 2020 due to the COVID-19 pandemic.

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Car dealers offer huge discounts in time of hardship

Car dealers are offering huge incentives for customers to promote sales as the economic impacts from the pandemic persist and the lunar month of July is around the corner.

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.

Car sales rocket after registration fee cut Prime Minister Nguyễn Xuân Phúc decided to cut 50 per cent of registration fees for locally-manufactured and assembled cars till the end of this year.

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Thaco eyes increase in exports of auto accessories

Thaco Auto Seat Plant (Autocom) is expected to earn US$10.5 million from exports this year, up from $6.2 million last year.

Luxurious car brands forecasted to increase market share The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.

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.