Vietnam automobile distributors still face hurdles

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

Top steelmaker Hoa Phat expects 2023 improvements to continue with higher sales, profits

Top steelmaker Hoa Phat expects 2023 improvements to continue with higher sales, profits

Vietnam’s top steel maker, Hoa Phat Group, expects to carry further forward the year-on-year progress it made in 2023 with improved sales and better prices this year.

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

Vietnam steelmakers report losses in Q3

Vietnam steelmakers report losses in Q3

A number of steel producing companies in Vietnam reported losses in the July-September quarter, a situation already anticipated by securities companies.

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

Honda Aircraft expands Southeast Asia footprint to cater for growing demand

Honda Aircraft expands Southeast Asia footprint to cater for growing demand

North Carolina-headquartered Honda Aircraft Company has announced two new authorized sales representatives (ASR) for HondaJet in Southeast Asia, including Vietnam.

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

Czech carmaker Skoda eyes Southeast Asia expansion via Vietnam plant

Czech carmaker Skoda eyes Southeast Asia expansion via Vietnam plant

Vietnam is serving as a strategic gateway for Skoda Auto to the dynamic ASEAN markets and the larger Indo-Pacific region, the Czech carmaker said.

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

HCMC apartment sales slump in Q4 amid increased prices

HCMC apartment sales slump in Q4 amid increased prices

The Ho Chi Minh City apartment market recorded just 983 new units sold in the final quarter of 2022, down 76% against the third, according to property services firm Cushman & Wakefield.

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

Confectionary maker Orion's Vietnam unit records $314 mln sales in 11 months

Confectionary maker Orion's Vietnam unit records $314 mln sales in 11 months

Orion Food Vina Company posted 406.7 billion won ($313.8 million) in sales in the first 11 months of the year, up 38% year-on-year and a record high since its establishment in 2005.

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

LS Electric Vietnam seeks to quadruple sales to $100 mln by 2030

LS Electric Vietnam seeks to quadruple sales to $100 mln by 2030

Korean electric equipment maker LS Electric is expanding its manufacturing in Vietnam, looking to $100 million in annual sales from its subsidiary in the next eight years, four times higher than now.

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

Vehicle sales up 39% in 7 months: VAMA

Vehicle sales up 39% in 7 months: VAMA

The Vietnam Automobile Manufacturers’ Association (VAMA), which does not include VinFast and Hyundai, sold 232,094 vehicles in the first seven months of the year, up 39% year-on-year.

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

HCMC apartment sales near full-2021 result in Q2

HCMC apartment sales near full-2021 result in Q2

A total 9,048 new apartments were sold in the second quarter this year across Ho Chi Minh City, slightly lower than the total 10,145 units of 2021, Cushman & Wakefield said.

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

Toyota Vietnam delivers 47% growth in H1 sales

Toyota Vietnam delivers 47% growth in H1 sales

Automaker Toyota Vietnam sold almost 44,000 cars, including Lexus ones, in the first half of 2022, recording a 47% surge year-on-year.

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

Vietnam automakers association sees H1 sales up 34%

Vietnam automakers association sees H1 sales up 34%

The Vietnam Automobile Manufacturers’ Association (VAMA), which does not include VinFast and Hyundai, sold 201,840 autos in the first half of this year, increasing by 34% year-on-year.

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

Disrupted parts supply sees VinFast sales slip from May

Disrupted parts supply sees VinFast sales slip from May

VinFast sold 2,490 cars in Vietnam in June, less than the 3,050 units reported in May as the company prepares to cease production of fossil-fueled vehicles.

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

Central bank to boost foreign currency sales

Central bank to boost foreign currency sales

The State Bank of Vietnam planned to increase the frequency of foreign currency sales in response to heightened pressure in the foreign exchange market induced by the U.S. Federal Reserve's interest rate hike.

Banking - 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

Vietnam’s two-month vehicle sales climb 29%

Vietnam’s two-month vehicle sales climb 29%

Sales of vehicles on the Vietnamese market reached 65,634 units in the first two months of the year, up 29% year-on-year.

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