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Ford driving to make roads safe

With our DSFL training, we also hope to enhance their knowledge and help make them drive better, safer, and with more awareness of other vehicles on the road – Hoang Van Minh Vice managing director of Ford Vietnam. Ford Vietnam last week started the fifth year of its successful Driving Skills for Life programme, along with its road safety...

Posted date: Mon, 26 Mar 2012 - From: Automotive News

Auto sales on rise

Seventeen members of the Vietnam Automobile Manufacturing Association (VAMA) in February sold a total of nearly 6,120 vehicles, up a significant 43 percent over January, but down 25 percent compared to a year earlier. Sales of trucks and commercial vehicles doubled to over 3,000 units, while sales of MPV/SUV vehicles grew by 28 percent. VAMA...

Posted date: Sat, 17 Mar 2012 - From: Automotive News

Auto makers in rush to launch promotions

To survive the tough times given the stagnant market at home, several auto producers have entered the race to woo buyers by launching many promotional programs. VinaMazda, the official maker and distributor of Mazda cars in the local market, this Monday said buyers of Mazda 2 and 3 within this month would be given discounts and one-year car...

Posted date: Sat, 17 Mar 2012 - From: Automotive News

Auto sales leap 43 percent in February

Seventeen members of the Vietnam Automobile Manufacturing Association (VAMA) last month sold a total of nearly 6,120 vehicles, down 25 percent over the same period last year, but up a significant 43 percent since January, the association reported. Compared with January, sales of trucks and commercial vehicles doubled to over 3,000 units,...

Posted date: Wed, 14 Mar 2012 - From: Automotive News

Automobile market remains sluggish

Vietnam’s automobile market looked gloomy in February, with domestically-assembled units dropping by 25 percent compared to the same period last year. According to the Vietnam Automobile Manufacture’s Association (VAMA)’s statistics, 6,116 cars were sold in February, showing a decrease of 25 percent compared to the same month of last...

Posted date: Sun, 11 Mar 2012 - From: Automotive News

VAMA’s sales fall 25pct in Feb

In February, 2012, the sales of members of Vietnam Automobile Manufacturers’ Association (VAMA) reached 6,116 units, down 25 percent over the same period last year but up over 43 percent in comparison with previous month. In particular, the sales of multipurpose vehicle decreased 723 units, or 38 percent yearon-year. The sales of small cars...

Posted date: Sun, 11 Mar 2012 - From: Automotive News

Fall in auto sales indicator of consumer confidence

The Vietnam Automobile Manufacturers’ Association (VAMA) said that its members sold 6,116 units in February, down 25% from a year earlier. The figure indicated a rise of nearly 2,000 units or about 40% from January. However, sales of multi-purpose vehicles in February were down 38%, private cars down 28% and passenger vehicles down 20%...

Posted date: Sun, 11 Mar 2012 - From: Automotive News

Car sales edge up on low demand

Members of the Vietnam Automobile Manufacturers Association (VAMA) reported a month-on-month increase in sales in February but the level is still gloomy. VAMA members last month sold 6,116 vehicles, increasing 1,842 units month-on-month but falling 25% year-on-year. Compared to the year-ago performances, sales by all VAMA members dropped in...

Posted date: Fri, 09 Mar 2012 - From: Automotive News

Used car business seen picking up

Auto manufacturers and traders have opened more used car dealerships in anticipation of high market demand. The used car market is characterized by haphazard development with buyers often placed in a disadvantageous position due to lack of guarantees and warranty. So several companies have entered this market segment in a more professional...

Posted date: Wed, 07 Mar 2012 - From: Automotive News

AIA reports record 2011 new business growth

AIA Group has just announced record new business results for the year ended November 30, 2011 with impressive figures. The firm reported a 40 per cent increase in value of new business (VONB) to $932 million. VONB is the group’s key performance indicator, measuring its business results, and representing the shareholder value created from new...

Posted date: Thu, 01 Mar 2012 - From: Automotive News

Vietnam’s automobile market eyes better year-end

Vietnam’s automobile market has remained stagnant since the beginning of the year due to several reasons, including higher vehicle registration fees in large cities and provinces. Nevertheless, many automobile enterprises continue consolidating their foothold in the market believing in the potential Vietnam’s automobile market. Black...

Posted date: Thu, 01 Mar 2012 - From: Automotive News

Piaggio inaugurates new plant in Vinh Phuc

The new Piaggio Group engine plant officially made its debut in Binh Xuyen industrial park in the northern province of Vinh Phuc on March 1. The plant will be put into operation in April and aims to increase its productivity from 140,000 to 300,000 engines per year. It is located next to the Piaggio Vietnam vehicle assembly plant, which...

Posted date: Thu, 01 Mar 2012 - From: Automotive News

Vietnam February car import to hit the lowest rate in 2 recent years

Vietnam is estimated to import 2,300 completely built units (CBU) of cars in February 2012, the lowest level over 2 recent years, the local newspaper Vneconomy reported. Vietnam’s monthly imported CBU cars were around 3,000 pcs during the last 7 consecutive months. In which, the country bought only 2,800 units in January 2012 and plans to...

Posted date: Tue, 28 Feb 2012 - From: Automotive News

Car imports increase again

Vietnam imported 2,300 complete built unit (CBU) automobiles worth $46 million in February, up $4 million over January, according to the General Statistics Office (GSO). On average, each imported CBU car is worth $20,000, up $5,000 (25 per cent) compared to last month. In total, 5,100 CBU cars with a total value of US$88 million have been...

Posted date: Mon, 27 Feb 2012 - From: Automotive News

Car ownership registration ownership tax up, tax collection down

Analysts have warned that the car ownership registration tax increases would not help increase the tax collection to the state budget. Especially, the tax collection may decrease due to the sales falls. When the Hanoi people’s committee raised the car ownership registration tax to 20 percent and the car plate number fee to 20 million dong,...

Posted date: Thu, 23 Feb 2012 - From: Automotive News