Industry experts believe that with increased consumer demand and support policies from automakers, the domestic automobile market is forecast to further thrive in the second and third quarters of this year.
The market capitalisation of VinFast, the electric vehicle (EV) maker of Vietnamese conglomerate Vingroup reached 85 billion USD in its Nasdaq debut on August 15 with nearly 6.8 million shares changing hands.
The Vietnam Motor Show 2019 (VMS 2019), to be held in Ho Chi Minh City from October 23 to 27, will be a get-together of 15 renowned automobile brands and hundreds of others in the automobile support industry, according to organisers.
The Vietnam Motor Show 2019 (VMS 2019), to be held at the Saigon Exhibition and Convention Centre from October 23-27, will be a chance for local consumers to see latest models from many renowned automobile brands and breakthrough technologies in the industry.
Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes.
Vietnam imported nearly 11,700 cars worth more than 273 million USD in the first month of 2019, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Vietnam Customs.
Vietnam’s car sales rose by 23 percent year on year in November to 30,540 units, according to a report by the Vietnam Automobile Manufacturers’ Association.
Vietnam’s import tax on complete built-up units from ASEAN was reduced to zero percent as from Jan. 1 this year. The accord helps reduce the prices of imported cars, meeting consumers’ aspiration.
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold more than 177,000 cars in the first eight months of the year, down 6 percent from the same time last year.
The Vietnam Motorshow 2017, themed “Connected Technology for Smart Moving”, kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on August 1.
Ford, the US automobile manufacturer, plans to step up its efforts to promote diversity and inclusion in the workplace, including an increased focus on recruiting and training women employees to gain an edge in the battle for talent in fast-growing Asia markets, including Vietnam.
The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
The Vietnam Motor Show (VMS) 2016 opened on October 5 in Hanoi, showcasing more than 100 car models by 13 domestic automobile makers, including Chevrolet, Ford, Honda and Toyota.
Vietnam was Ford’s third biggest market in Southeast Asia in 2015, after Thailand and the Philippines, said Mark Kaufman, director of the US car marker in the region.
Vietnam’s automobile sales in September amounted to 21,366, up 32 percent from the same period last year, according to the Vietnam Automobile Manufacturers Association (VAMA).
