Vietnam builder PC1 to expand industrial park portfolio amid rising FDI

Vietnam builder PC1 to expand industrial park portfolio amid rising FDI

PC1 Group Joint Stock Company, listed on the Ho Chi Minh Stock Exchange as PC1, has plans to expand its industrial park (IP) portfolio by 1,500-3,000 hectares by 2030 as foreign investment in Vietnam continues to rise.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s Jan-Feb auto sales down 23%

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

Agricultural machinery major VEAM banks on term deposits

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

Vietnam’s 2023 auto sales fall 25% to 301,989 units

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

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

Taiwan mechanics firm commences construction on $75 mln factory in northern Vietnam

Taiwan mechanics firm commences construction on $75 mln factory in northern Vietnam

Taiwan-based mechanics firm Lioho Machine Works has kicked off the construction of its $75 million factory in Vietnam’s northern province of Vinh Phuc.

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

Rising land prices in northern Vietnam pose concern to investors: Savills

Rising land prices in northern Vietnam pose concern to investors: Savills

A substantial increase in land prices in Vietnam’s Northern Economic Zone (NEZ) could unnerve investors who seek to set up manufacturing facitiies here, real estate services firm Savills Vietnam said in its latest note.

Industrial real estate - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

Vietnam collects less corporate income tax in 2022 from top 1,000 firms

Corporate income tax (CIT) paid by the 1,000 biggest taxpayers in Vietnam in 2022 fell 14.9% from that in 2021, the General Department of Taxation has said.

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

Honda, Unilever, Heineken top foreign taypayers in Vietnam

Honda, Unilever, Heineken top foreign taypayers in Vietnam

Automaker Honda remained the biggest foreign taxpayer in Vietnam in 2022, according to the General Department of Taxation’s latest list of the top 1,000 contributors of corporate income tax (CIT).

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

Jan-Aug auto sales fall 30% in Vietnam, Mitsubishi Xpander bestseller

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

Vietnam motorbike sales down 10% in Q2

Vietnam motorbike sales down 10% in Q2

Motorbike sales in Vietnam fell 10.15% year-on-year to 588,926 units in the second quarter of this year, the Vietnam Association of Motorcycle Manufacturers (VAMM) reported Friday.

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

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

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

Korea carmakers Hyundai, Kia to put more energy into Vietnam market

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

Auto sales in Vietnam fall 36% in Jan-May

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

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

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

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

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

Motorbike sales in Vietnam up 21% to 3 mln in 2022

Motorbike sales in Vietnam up 21% to 3 mln in 2022

Motorbike sales in Vietnam jumped 20.5% year-on-year to more than three million in 2022, after recording sales of 2.49 million in 2021 and 2.71 million in 2020.

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

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

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

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

Vietnam automobile sales rise 43% from Jan-Nov

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

Honda Vietnam records 29% growth in Apr-Nov sales

Honda Vietnam records 29% growth in Apr-Nov sales

Honda Vietnam recorded sales of 1.56 million motorbikes from April to November, up 29.3% year-on-year, according to its latest report.

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

Toyota Land Cruiser lowest-selling vehicle in October

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

C.P. Vietnam ships chickens to Japan, eyes more markets

C.P. Vietnam ships chickens to Japan, eyes more markets

C.P. Vietnam, subsidiary of Thai conglomerate C.P. Group, shipped its first lot of processed chicken to Japan Tuesday after meeting all food safety and quarantine requirements of that demanding market.

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

Honda Gold Wing, Africa Twin, CBR Fireblade recalled in Vietnam

Honda Gold Wing, Africa Twin, CBR Fireblade recalled in Vietnam

Honda Vietnam is recalling three of its big-sized models - the Gold Wing, Africa Twin, and CBR1000RR-R Fireblade - because there is a possibility of the engine to stall while riding.

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

2.17 mln motorbikes sold in 9 months

2.17 mln motorbikes sold in 9 months

Vietnam recorded sales of 2.17 million motorbikes in the first nine months of the year, approaching the figure of 2.5 million units for the whole of last year.

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

Automaker Honda, food giant C.P. among top 10 taxpayers in Vietnam

Automaker Honda, food giant C.P. among top 10 taxpayers in Vietnam

Honda and C.P. are the only two foreign names in the list of 2021’s top 10 corporate income tax payers in Vietnam, according to the General Department of Taxation.

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

1.1 mln Honda motorbikes sold April-September in Vietnam

1.1 mln Honda motorbikes sold April-September in Vietnam

Honda Vietnam recorded sales of 1.1 million motorbikes from April to September, up 31.7% year-on-year, according to its latest report.

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

Honda Vietnam sees drops in motorbike, auto sales in June

Honda Vietnam sees drops in motorbike, auto sales in June

Honda Vietnam recorded decreases of 5% and 46.5% in its sales of motorbikes and automobiles in June compared to May, respectively.

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

Ministry to reap massive dividend from machinery firm VEAM

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

Toyota leads Vietnam car sales in May

Toyota leads Vietnam car sales in May

Toyota, Kia, and Hyundai were the top three brands in sales volume in the Vietnamese car market this May.

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