Import car market frozen ‘cause of low demand’

The Ministry of Industry and Trade has applied some measures to “untie” car imports, but the car market remains gloomy. Auto dealers now focus on selling the cars they imported before, while they dare not place new import orders. Market lackluster in high sale season The car market has become nearly frozen. In July and [...]

Chinese vehicle maker BYD to inaugurate electric buses in Denmark

China’s electric vehicle maker BYD Automobile Co Ltd is set to trial a full-size, all-electric bus in the Danish capital Copenhagen, according to a news release issued by Denmark’s biggest public transport operator Movia and Denmark’s Ministry of Foreign affairs Thursday. Designed and manufactured by BYD, a leading Chinese electrical vehicle and battery producer, the [...]

Tariff rules stir auto industry optimism

Car sales last year fell 6 per cent against the previous year to 112,224 units due to the ongoing effects of the economic crisis, according to the Viet Nam Automobile Manufacturers’ Association. The data includes sales of both domestically produced and imported vehicles. According to the General Statistics Office, Viet Nam imported 53,100 completely built [...]

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