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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’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

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

Agricultural machinery major VEAM banks on term deposits

Financial revenue was the main bright spot for the state-owned Vietnam Engine and Agricultural Machinery Corporation (VEAM) in 2023.

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

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

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

Ex Ford exec, Be app cofounder take leadership positions in road-builder Tasco

Tasco JSC, a major Vietnamese road builder, has appointed two new people to its leadership, namely Pham Van Dung, former managing director of Ford Vietnam, and Nguyen Thien Minh, co-founder of ride-hailing app Be.

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

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

President Biden’s visit set to catalyze high-quality investment in Vietnam

The upcoming state visit by U.S. President Joe Biden to Hanoi is poised to beef up American investment in Vietnam as the two former war foes seek to elevate their diplomatic ties.

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

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

Auto sales in Vietnam fall 36% in Jan-May

Vehicles sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, plunged 36% year-on-year to 113,527 in the first five months of 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vehicle sales in Vietnam drop 30% in first 4 months, VinFast EV best seller

Sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, plunged 30% year-on-year to 92,801 in the first four months of 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vehicle sales in Vietnam drop 22% in Q1

Sales by members of the Vietnam Automobile Manufacturers' Association (VAMA), which does not include VinFast and Hyundai, plunged 22% year-on-year to 70,392 in the first quarter of 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vehicle sales in Vietnam drop 25% to 40,354 in first 2 months

The total sales of Vietnam Automobile Manufacturers' Association (VAMA) members, which do not include VinFast and Hyundai, plunged 24.63% year-on-year to 40,354 in January-February.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam vehicle sales drop to 17,314 in Jan

The total sales of Vietnam Automobile Manufacturers' Association (VAMA) members, which do not include VinFast and Hyundai, plunged 44% year-on-year to 17,314 in January, amid the Lunar New Year holiday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Toyota Vios, Mitsubishi Expander, Hyundai Accent bestselling vehicles in Vietnam

Toyota Vios, Hyundai Accent, and Mitsubishi Expander were the bestselling vehicles in Vietnam in 2022 with 23,529, 22,645, and 21,983 units, respectively.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam vehicle sales rise 33% in 2022

The total sales of Vietnam Automobile Manufacturers’ Association (VAMA) members, which do not include VinFast and Hyundai, increased 33% year-on-year to 404,635 in 2022.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Toyota Vios, Mitsubishi Expander bestselling cars in first 11 months

The Toyota Vios and Mitsubishi Xpander were the bestselling vehicles in Vietnam in the first 11 months of this year with 20,765 and 20,127 units, respectively.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam automobile sales rise 43% from Jan-Nov

The total sales of Vietnam Automobile Manufacturers’ Association (VAMA) members, which do not include VinFast and Hyundai, increased 43.5% year-on-year to 369,334 in the first 11 months of the year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Toyota Land Cruiser lowest-selling vehicle in October

Except for trucks, buses, and special purpose vehicles, Toyota Land Cruiser recorded the lowest sales in October, according to the Vietnam Automobile Manufacturers’ Association (VAMA).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam car buyers charged thousands of dollars above sticker prices

Several Ford, Hyundai and Toyota dealers in Vietnam are shocking customers by charging them thousands of dollars more than the sticker price, citing cost of accessories.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ford Vietnam recalls Rangers over windshield problem

Ford Vietnam is recalling 1,444 Ford Ranger pickups because of a windshield adhesion issue.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ministry to reap massive dividend from machinery firm VEAM

The Ministry of Industry and Trade will net at least VND4,746 billion ($204 million) from 2021’s dividend payments by Vietnam Engine and Agricultural Machinery Corp. (VEAM), which holds major stakes in carmakers Honda Vietnam, Toyota Vietnam, and Ford Vietnam.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7