Vietnam’s Q1 auto sales down 17% to 58,165 units
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 58,165 units in the first quarter of 2024, down 17% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam-China joint venture to build $800 mln automobile factory
Vietnamese conglomerate Geleximco and Omoda & Jaecoo Automobile, a subsidiary of Chinese state-owned automaker Chery Automobile, will jointly build an $800-million automobile factory in Vietnam's northern province of Thai Binh.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s Jan-Feb auto sales down 23%
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 30,876 vehicles in the first two months of 2024, down 23% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysia proposes one-time subsidy for EV owners
The Ministry of Investment, Trade and Industry (MITI) of Malaysia has presented a proposal for a one-time subsidy for electric vehicle (EV) owners to boost the growth of this industry.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast begins building $500 mln EV factory in India
VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, officially broke ground on its first integrated EV manufacturing facility in the state of Tamil Nadu, India, on Sunday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam auto sales up 11% to 19,243 units in Jan
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 19,243 vehicles in January, down 50% from December 2023 but up 11% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast to break ground for integrated EV facility in India
VinFast Auto, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will break ground on its integrated manufacturing project in Thoothukudi city, Tamil Nadu, India this Sunday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast expects 40,000-50,000 vehicle sales by year-end: executive
VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, expects sales of 40,000-50,000 units by year-end, chairwoman Le Thi Thu Thuy told CNBC in an interview on Thursday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam automobile distributors still face hurdles
The Vietnamese auto market is forecast to remain weak in the first half of this year before picking up in the second half.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Malaysian firm’s subsidiary to sell popular Chinese brand auto products in Vietnam
TC Services Vietnam Co., Ltd, a subsidiary of Malaysia’s Tan Chong Motor Holdings Berhad, will import, distribute and sell vehicles and parts made by China’s GAC Motor International.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese customers test drive Lynk & Co cars alongside world-class professional racer
Vietnamese customers of carmaker Lynk & Co enjoyed last weekend the unique experience of test-driving cars accompanied by world-renowned racer Ma Qinhua, the first Chinese Formula One driver.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Ford lauded for $208 mln Vietnam investment, urged to do more
Vietnamese Vice President Vo Thi Anh Xuan has lauded Ford for investing $208 million in Vietnam and employing over 5,000 staff and urged the U.S. automobile giant to do more.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s 2023 auto sales fall 25% to 301,989 units
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 301,989 vehicles in 2023, down 25% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vingroup founder Pham Nhat Vuong becomes CEO of EV maker VinFast
Billionaire Pham Nhat Vuong, founder and chairman of Vietnamese conglomerate Vingroup, has become CEO of VinFast, the electric vehicle (EV) arm of Vingroup.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Thaco calls for extension to car registration fee discounts
Thaco Group, one of Vietnam’s leading private conglomerates, has proposed a 50% reduction in registration fees for domestically produced and assembled automobiles be continued for an appropriate period of time.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japanese firm to develop fabric-based products for Vietnam auto industry
Japan’s Ohtsuka Sangyo Material Co. Ltd. will invest $20 million in a project in the northern province of Ha Nam to research and develop materials for the automobile assembly sector.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam auto sales down 29% in 11 months to 263,249
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 263,249 vehicles in January-November this year, down 29% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Finance ministry rejects lower tax proposals by Ford, Toyota
Vietnam’s Ministry of Finance has disagreed with proposals made by Ford, Toyota, and the Vietnam Automobile Manufacturers' Association (VAMA) for lower taxes, according to a ministerial draft document sent for the government’s approval.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea automaker KG Mobility eyes vehicle production in Vietnam from 2024
South Korean automaker KG Mobility plans to expand its cooperation with Vietnamese automaker Kim Long Motors by assembling and producing KG Mobility vehicles in Vietnam, the former said on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Automaker VinFast not subject to lawsuits in US: executive
Electric vehicle (EV) maker VinFast under Vietnamese private conglomerate Vingroup is not currently subject to any lawsuits in the U.S., said Ho Ngoc Lam, head of Vingroup's legal board and deputy CEO in charge of legal issues at VinFast.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam auto sales down 29% in 10 months, Mitsubishi Xpander bestseller
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 235,296 vehicles in January-October this year, down 29% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Toyota production in Vietnam falls 35% to 11,500 in Apr-Sep
Toyota production in Vietnam fell 34.7% year-on-year to 11,505 units in April-September 2023, or the first half of fiscal year 2024, according to a report by the Japanese automobile giant.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam auto sales down 29% in 9 months, Mitsubishi Xpander best seller
The Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 209,929 vehicles in January-September this year, down 29% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Czech’s Skoda Auto revs up first sales in Vietnam
Skoda Auto officially launched the sale of its vehicles in Vietnam on Monday, the Czech automaker said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam automaker VinFast receives 10,000 EV reservations in US
Vietnamese automaker VinFast had recorded about 10,000 reservations in the U.S. for its VF 8 and VF 9 electric vehicles from the VF8 debut in late 2021 to August 31, 2023.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Jan-Aug auto sales fall 30% in Vietnam, Mitsubishi Xpander bestseller
Members of the Vietnam Automobile Manufacturers' Association (VAMA), not including VinFast and Hyundai, sold 184,554 vehicles in Jan-Aug this year, down 30% year-on-year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Japan’s Murata inaugurates $30 mln factory in Danang city
Japan-invested Murata Manufacturing Vietnam Co., Ltd. on Wednesday inaugurated its JPY4.32 billion ($29.6 million) factory to make inductor coils for cars and electronic devices in Vietnam’s Danang city.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Auto sales in Vietnam fall 30% in Jan-Jul, Mitsubishi Xpander tops sales
Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, dropped 30% year-on-year to 162,014 in the first seven months of this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
VinFast EVs showcased in Israel prior to exports
Israeli car distributor B-EV Motors has introduced electric vehicles (EVs) made by Vietnamese carmaker VinFast in Tel Aviv ahead of official exports to be announced at a later date.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam braces for increased foreign R&D investments
Vietnam is becoming a popular destination for research and development (R&D) among multinationals as the country cements its status as a new global manufacturing hub.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Auto sales in Vietnam fall 32% in Jan-Jun, Toyota Vios best seller in Jun
Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, dropped 32% year-on-year to 137,327 in the first half of this year.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Swedish software tools maker IAR shifts gears to tap Vietnam auto market
IAR, a Swedish supplier of software tools for embedded systems, appointed SH Consulting Vietnam as its official distributor in the country on June 4. Kiyo Uemura, IAR regional vice president in Asia-Pacific, tells The Investor that his company is well placed to supply mission-critical software to Vietnam’s growing automotive industry.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam conglomerate Thaco considers 10% stake sale in automobile arm
Vietnamese leading multi-business group Thaco is looking for an investor into its automobile arm Thaco Auto with a 10% stake, Thaco vice chairman Nguyen Hung Minh said.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam giant Thaco mulls stake sale in $5 bln automaker
Thaco Group, one of Vietnam’s leading private conglomerates, is considering bringing in an investor into its automobile arm Thaco Auto in a deal that could value the producer at around $5 billion, Reuters said Wednesday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korea carmakers Hyundai, Kia to put more energy into Vietnam market
Hyundai Motor and its sister automaker Kia are looking to build on their leading positions in Vietnam, and Hyundai Motor Group executive chairman Chung Euisun will accompany Korean President Yoon Suk Yeol on his three-day state visit starting Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
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