Automobile sales decrease in August

Sales of automobiles saw a month-on-month decline of 19 per cent to about 21,480 vehicles in August, according to the Vietnam Automobile Manufacturer Association (VAMA).

Sales of auto down despite of strong discounts Many businesses strongly reduced price of cars by between tens of millions đồng to more than hundred million đồng for their clients to stimulate sales, however, the market still witnessed a sluggish consumption, not as expected.

Auto prices fall due to low demand Vietnamese auto firms have launched promotions to spur demand after sales dropped following the Tết (Lunar New Year) holiday and as the number of imported cars has increased strongly.

Sales of locally-assembled cars down, imported cars sharply up The sale of domestically-assembled cars in the first quarter of this year decreased by 8 per cent year-on-year to more than 46,250 units, while sales of imported cars sharply increased by 234 per cent to nearly 32,000 units, according to the latest report issued by the Vietnam Automobile Manufacturers’ Association (VAMA).

VAMA reports sharpest month-on-month fall in automobile sales

Automobile sales by firms in the Vietnam Automobile Manufacturer Association (VAMA) in February declined 61 per cent from the previous month, the sharpest month-on-month fall ever recorded.

Registration fee for pickups to be tripled

Registration fees for pickup trucks and vans will be raised to 6 per cent of the vehicles value from the current rate of 2 per cent from April 10, according to a revised Government decree.

January auto imports 46 times higher than last year

Việt Nam imported nearly 11,700 cars worth more than US$273 million in the first month of this year, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Customs.

Vietnam AutoExpo 2019 set for June in Hà Nội

The 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) will be held at the Vietnam National Convention Centre in Hà Nội from June 12 to 15.

CPTPP tariff cuts may not reduce auto prices

The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on Monday, according to the Ministry of Industry and Trade.

HSBC wins a clutch of prestigious prizes

HSBC Vietnam has won a series of honours from FinanceAsia and The Asset, two influential publications in the world of corporate finance and investment banking.