Vietnam becomes Ford’s No. 3 market in Southeast Asia
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.
Workers assemble a car in a Ford's plant in Hai Duong province. (Photo: VNA)
Kuala Lumpur (VNA) – Vietnam was Ford’s third biggest market in Southeast Asia in 2015, after Thailand and the Philippines, said Mark Kaufman, director of the UꦏS car marker in the region.
The three markets contributed significantly to Ford’s record 103,975 cars sold across the region, an annual increase of 3.3 percent.
Thailand surpassed all other ASEAN countries with overall sales of 36,463 units. Philippines came second with 25,372 cars sold, up 25 percent year on year.
Vietnam came third, selling a total of 20,740 units, an annual increase of 48 percent.
Malaysia followed with 12,130 units, trailed by Cambodia, Myanmar and Laos.
Last year, the Thai-made Ford Ranger led the company’s sales within the bloc and became the best-selling pickup truck in Vietnam, Cambodia and Myanmar in 2014 and 2015. It was the second-best seller in the Philippines and Malaysia.
The model’s sales across the region rose almost 8 percent from 2014 to reach 54,114 units, followed by the figure for Ford’s SUV EcoSport with a 13-percent increase in sales to 20,518 units.-VNA
The Ford Motor Company has committed to long-term investment and operations in Vietnam thanks to the country’s favourable investment climate, said Ford Vietnam’s Managing Director Jesus Metelo Arias.
Ford Vietnam saw strong sales in July with 1,405 units sold, up 7 percent against the same period last year, revealed the firm’s July report on August 10.
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).
In the Vietnamese auto market, pick-up trucks are becoming a bestseller thanks to their versatility and low prices and registration fee, auto dealers said.
Ford Vietnam recently announced its sales in December last year rose 60 percent year-on-year to 2,634 vehicles, bringing the total cars sold in 2015 to the best-ever record of 20,740 units.
The price of domestic cars have soared since the beginning of this year due to the Government's adjustment of special consumption taxes on imported automobiles.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Workers assemble a car in a Ford's plant in Hai Duong province. (Photo: VNA)
