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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 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

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

Vietnam central region sees emerging FDI wave from South Korea

An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.

Industries - 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

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

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

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

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

Vietnam EV market set to grow 26% per year in coming decade

Vietnam’s electric vehicle (EV) market can see an annual sales growth of almost 26% to reach around 64,500 units in 2032, according to BMI, a Fitch Solutions company.

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

Major automakers race to tap Vietnam EV market

Vietnam’s emergence as a major electric vehicle (EV) market in Southeast Asia is reflected in the rush of new models being introduced by leading automakers.

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

Hyundai Motor debuts made-in-Vietnam electric vehicle

Hyundai Thanh Cong Vietnam, a joint venture between South Korea’s Hyundai Motor and Vietnam’s TC Group, unveiled its IONIQ 5 electric vehicle (EV) on Monday.

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

Hyundai Vietnam shipbuilder gets $140 mln order for two petrochemical carriers

The Hyundai Vietnam Shipbuilding Company will build two petrochemical carriers for its parent company HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) for delivery by June 2026.

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

S Korea shipbuilders bank on Vietnam as nations plan to double two-way trade

Major South Korean shipbuilders Hanwha Ocean and HD Hyundai are eyeing fresh energy from Vietnam as the two countries seek to double bilateral trade by 2030 to $150 billion.

Industries - 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

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

Central Vietnam thermal power project receives mammoth equipment import package

The first shipment of equipment for the Quang Trach 1 thermal power project, a 1,200-MW coal-fired plant, arrived at the central province of Quang Binh's oil-gas port on Monday.

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

Vietnam-South Korea business ties to strengthen at landmark forum

South Korean companies, including global giants Samsung, LG, and SK Group, will attend the Vietnam-Korea business forum in Hanoi on June 24 along with more than 200 other firms to further expand bilateral economic ties.

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

Vietnam shipbuilding sector comes of age

Vietnam's shipbuilding industry is developing rapidly with facilities built for companies from Europe and South Korea, among others.

Industries - 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

Top Korean firms to attend business forum in Vietnam to boost trade

Executives from South Korean leading conglomerates will attend an economic forum in Vietnam on June 24 as both countries seek to expand economic cooperation.

Industries - 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

Vietcombank, Hyundai shipyard sign $110 mln credit deal

Vietcombank's Khanh Hoa province branch and Hyundai Vietnam Shipbuilding Co. signed a short-term credit contract for $110 million on Monday, following a similar agreement for $50 million signed in 2022.

Investing - 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

Thanh Cong Group records $5 bln revenue in 2022

Thanh Cong Group (TC Group), a private Vietnamese corporation in automobile, real estate, and service sectors, recorded a revenue of VND118 trillion ($5.03 billion) in 2022.

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

Hyundai Vietnam vehicle sales up 16% in 2022

Hyundai sold 81,582 vehicles in Vietnam in 2022, up 15.6% year-on-year, according to Hyundai Thanh Cong, a joint venture between the South Korean giant and Vietnam's Thanh Cong Group.

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

Toyota Vietnam revs up local manufacturing strategy

Toyota Vietnam’s domestic production strategy has made a new step forward as the Japanese carmaker started delivery of a made-in-Vietnam duo to dealerships on Wednesday.

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

Hyundai Vietnam car sales up 19% in 11 months

South Korean automaker Hyundai sold 72,037 cars in Vietnam in the first 11 months of the year, up 18.66% year-on-year, according to a report by Hyundai Thanh Cong.

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

LG plans new $4-bln investment in Vietnam

Korean tech giant LG plans to channel another $4 billion into Vietnam, LG Corp. vice chairman and CEO Kwon Bong-seok told Vietnamese President Nguyen Xuan Phuc on Monday.

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

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