Analysts believe that with the new strict regulations on the import procedures, the automobile market in 2012 would have no room for unofficial car imports, while the market would witness the establishment of massive official authorized dealers. The Circular No 20 released by the Ministry of Industry and Trade, which, according to the ministry, aims [...]
It is not clear if the Vietnamese motorbike industry is coming or going. Experts reckoned in the past that demand should dry up when the number of bikes in the country topped 30 million. But according to the Ministry of Transport, by August 2011 the number had reached 33.4 million. On the other hand, all [...]
Vietnam’s car import declined sharply in the last six months of 2011, according to general Department of Vietnam Customs. In particular, regarding car item, in the first six months of 2011, Vietnam’s car imports were 34,088 units worth $631.5 million, rising 48 percent and 55 percent in volume and value from the same period of [...]
This year, Hanoi authorities plan to build steel overpasses for cars and motorbikes as well as underground and high-rise car parks to gradually reduce traffic congestion in the capital city. Under the plan, Hanoi will build nine multi-storey car parks in such areas as Phung Hung, Tran Nhat Duat, Tran Khanh Du, Ngoc Khanh and [...]
The statistics released by the General Statistics Office (GSO) recently can talk about the future of the market and the motorbike industry in Vietnam. The motorbike market did not bear the hard pressure in 2011 like the automobile market, but it was unexpectedly gloomy. Right at the beginning of the year, motorbike manufacturers ran a [...]
The ownership registration tax increases, plus the proposed yearly traffic fees on personal vehicles and cars have made all people unhappy. Manufacturers fear that their products would be salable, while car buyers try to dodge the laws to avoid high tax. Market gloomy Do Xuan Quan, Sales Director of Nissan Ha Dong sale agent, said [...]
The 2011 automobile market was gloomy with no growth rate and the sales just equal to that of 2010. A lot of automobile manufacturers reportedly meet difficulties. No growth in 2011 The report by the Vietnam Automobile Manufacturers’ Association VAMA shows that its 17 member corporations had sold 98,709 cars by the end of November [...]
The ownership registration tax increases, plus the proposed yearly traffic fees on personal vehicles and cars have made all people unhappy. Manufacturers fear that their products would be salable, while car buyers try to dodge the laws to avoid high tax. Market gloomy Do Xuan Quan, Sales Director of Nissan Ha Dong sale agent, said [...]
The government’s strong measures to restrict personal car usage have bothered industry insiders. Japan-backed Nissan Vietnam Company Limited general director Choo Hong Chow said if the Ministry of Transport’s proposal to impose road travel fees on motorbike and especially car users got the government’s green-light after registration fees and number plates hiked sharply from January [...]
Many auto firms are worried the auto sales decline that began in 2011 will continue and even worsen this year. The latest report of the Vietnam Automobile Manufacturers Association (VAMA) showed a slight drop of 1 percent in auto sales last year compared to 2010, with some 110,900 vehicles sold by VAMA members. According to [...]
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