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Motorbikes sales plunge despite promotion race

Sales of motorcycles are sharply plunging even though agents in partnership with manufacturers are rushing to launch a vast array of promotions, including supporting registration fees for buyers or pulling the prices down. At Honda Vietnam (HVN), the country’s largest motorcycle maker, it is unlikely that the target set by former general...

Posted date: Fri, 27 Jul 2012 - From: Automotive News

Vietnam would be a big pick-up market?

A lot of automobile manufacturers and car dealers, who have been weeping bitterly because of the slow sales caused by high taxes and fees, have shifted to another undertaking – trading pick-ups. Pick-up story in hot debate The Vietnam Automobile Manufacturers’ Association (VAMA), in a document released some days ago, pointed out that...

Posted date: Thu, 26 Jul 2012 - From: Automotive News

Many car importers join Vietnam Motor Show 2012

Vietnam Motor Show 2012 in Hanoi’s Giang Vo Exhibition Center, the industry’s largest exhibition from September 26 to 30 in the country, will attract many car importers beside key automakers. Most of the Vietnam Automobile Manufacturer’s Association (VAMA) members and car importers will join together in the event. Big names include such...

Posted date: Thu, 19 Jul 2012 - From: Automotive News

First multi-storey parking makes debut in Hanoi

The Hanoi Transport and Services Corporation (Transerco), on July 16th, put the first automated 5-storey car park, at a cost of VND13 billion, into operation after three months of construction. The facility, made by steel, is located on 126sqm at 32 Nguyen Cong Tru street in Hai Ba Trung district, with a capacity of housing 30...

Posted date: Thu, 19 Jul 2012 - From: Automotive News

Auto sector hits the brakes

In respect to Vietnam’s auto industry future perspective, industry players assumed at most three stronger brands could survive tough business conditions.” Most auto industry players face losing their market shares unless they are shifted into specialised importers after enforcement of the ASEAN-China free trade agreement (ACFTA) with low...

Posted date: Thu, 19 Jul 2012 - From: Automotive News

Noncommittal reply may kill auto industry

The plan by the Ministry of Transport (MOT) to collect fees to reduce the number of personal vehicles in circulation has not been legalized yet. However, automobile joint ventures have suffered from the plan. The Vietnam Automobile Manufacturers’ Association (VAMA) finally has received the answer from MOT after it many times shouted for...

Posted date: Mon, 16 Jul 2012 - From: Automotive News

Midnight sales campaign boosts Ford sales in June

Ford Vietnam on Wednesday announced that June sales nearly doubled that in the previous month to 437 units, representing the company’s best monthly performance this year. The rebounding sales helped Ford achieve an overall market share of 6.7% in June, also the company’s best month this year. Ford launched its first “Midnight Sale”...

Posted date: Sun, 15 Jul 2012 - From: Automotive News

June’s auto sales continue to dip: VAMA

Total car sales in June reached 6,555 units, down 4.6 per cent from the previous month and 43 per cent over the same period last year, according to the Vietnam Automobile Manufacturers’ Association (VAMA). Small car sales reached 5,482 units, down 3.8 per cent month on month, and lorry sales reached 3,176 units, down 5.4 per cent. The...

Posted date: Sat, 14 Jul 2012 - From: Automotive News

Auto sales fall 41 per cent in first half

HA NOI — Automobile sales in Viet Nam fell an historic 41 per cent year-on-year in the first six months of 2012, an industry group said yesterday, slowed by the economic recession. Total vehicle sales for the first half reached just 42,928 units, the Viet Nam Association of Automobile Manufacturers (VAMA) said in a statement. While car...

Posted date: Fri, 13 Jul 2012 - From: Automotive News

Transport ministry brings hope to VAMA

The Vietnam Automobile Manufacturers Association (VAMA) has expressed an optimistic view on the auto market after receiving a reply from the Ministry of Transport concerning the personal vehicle restriction fee. The written reply said it would take a couple of years to conduct consultations before the fee scheme could go ahead. In response...

Posted date: Thu, 12 Jul 2012 - From: Automotive News

Vietnam auto sales drop 41%yoy in h1/2012

Vietnam’s auto sales plunged 41% year on year to 42,928 units in the first six months of this year as local demand shrank, said the Vietnam Automobile Manufacturers’ Association (VAMA). Of the figure, car sales tumbled 47% while truck sales dropped 30%. For June, auto sales were 6,555 units, falling 43% on year and 4.6% from May,...

Posted date: Thu, 12 Jul 2012 - From: Automotive News

Motorbikes unsold, factory put on sale, satellite producers worried stiff

Ironically, the market slump has come just after motorbike manufacturers built more assembling factories to expand their business in Vietnam following a prosperous business period. This has forced them to rethink their production plans. Masayuki Igarashi, General Director of Honda Vietnam, which is holding 60 percent of the market share, has...

Posted date: Tue, 03 Jul 2012 - From: Automotive News

Motor vehicle industry lacks strategy plan

A lack of unanimity among ministries had deterred the development of Vietnam’s motor vehicle industry, said Ngo Van Tru, deputy director of the Ministry of Industry and Trade’s (MoIT) Heavy Industry Department. Tru said the ministry had striven to build a motor vehicle development strategy to increase productivity while the Ministry of...

Posted date: Thu, 28 Jun 2012 - From: Automotive News

Clear-cut policies needed to rescue automobile market

Under its commitments to the Protocol of Common Effective Preferential Tariff (CEPT), Vietnam’s import tax on motor vehicles will be cut to 50 percent in 2014 and to zero percent in 2018, which will seriously affect the development of Vietnam’s automobile industry and domestic market. Since 2012, local auto makers have seen a sharp decline...

Posted date: Thu, 28 Jun 2012 - From: Automotive News

Car imports in June decrease

Vietnam has imported 2,000 complete built unit (CBU) automobiles worth US$50 million this month, showing a slight decrease over May, according to the General Statistics Office (GSO). The import level is predicted to remain the same in the next three months. In the first six months of the year, the country imported 14,000 CBU automobiles,...

Posted date: Tue, 26 Jun 2012 - From: Automotive News