Vietnamese car trade companies are running a race to become the official Vietnamese distributors of some famous car brands which still do not have showrooms in Vietnam. The result of the race for the right to distribute Toyota’s Lexus brand cars proves to be the most awaiting now in Vietnam. Though the door is opened [...]
The local motorbike market this year has seen a boom for manufacturers and retailers despite the current economic uncertainty. In the first eight months of the year, Honda Vietnam sold around 1.32 million units, up 20% year-on-year, according to general director Koji Onishi of the leading motorcycle maker in the domestic market. However, it wasn’t [...]
In an interview with DTiNews, Akito Tachibana, General Director of Toyota Vietnam, shares his perspective on legal proceedings against the company. Tach exposed some of Toyota Vietnam’s technical flaws, in the Innova model, to the media, which led to recall of nearly 9,000 vehicles. Toyota Vietnam subsequently decided to suspend Tach for three months, during [...]
Research and Markets (http://www.researchandmarkets.com/research/ca344c/vietnams_automoti) has announced the addition of the “Vietnam’s Automotive Update” report to their offering. In Q1 2011, Vietnam experienced increasing imports of complete built units (CBUs) as well as care parts and components, an amount that largely differs from previous forecast. Accordingly, 14,800 CBUs worth US$262 million was imported, which meant an [...]
Used-car imports plummeted up to 70 per cent in August due to taxes being increased to US$3,000-US$17,000 per vehicle depending on the size, Vietnam News Agency reports. Only 199 secondhand cars were imported in the period, a fall of more than 70 per cent over the same month last year. The total figure included around [...]
Used-car imports plummeted up to 70 per cent in August due to taxes being increased to $3,000-$17,000 per vehicle, depending on the size. Only 199 secondhand cars were imported in the period, a fall of more than 70 per cent over the same month last year. Of the total figure, around 170 units were low-end [...]
The Vietnam Automobile Manufacturers’ Association (VAMA) reported a year-on-year rise of 10 percent in automobile sales with over 9,500 cars sold by VAMA’s members in August, mostly in small and multi-purpose vehicles. There was a drop of 24 percent in commercial vehicles compared to the same period last year, with 3,164 cars sold in August. [...]
Investing in the gigantic Long Thanh international airport in southern Dong Nai province is set to become easier in the near future. “Without breakthrough mechanisms such as supporting and risk-sharing measures, making large-scale airport projects like Long Thanh become foreign direct investment ones will be hard,” said Minister of Transport Dinh La Thang. Opportunities to [...]
Car manufacturers expect upbeat sales during 2011’s remainder. According to Euro Auto BMW’s marketing director Nguyen Dang Thao, a year’s last four months often contributed a big chunk of auto firms’ full-year revenue. “Reality shows that customers often make their car buying decisions at this point in time. Therefore, car firms expect rosy sales figures,” [...]
In August, Vietnam’s import of CBU (completely built unit) cars reached 3,331 units, down 15.8% from July, of which, the import for less than 9-seat cars was 1,512 units, falling 37% month on month, the local newswire VnExpress quoted statistics from General Department of Vietnam Customs as saying on Saturday. Under which, the country’s import [...]
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