Vietnam automobile sales rise 43% from Jan-Nov

By Tri Duc
Wed, December 14, 2022 | 10:30 am GMT+7

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.

They included 289,678 passenger cars, up 63% year-on-year; 74,953 commercial vehicles, up 0.3%; and 4,703 special-purpose vehicles, down 9%.

In the 11-month period, the number of completely knocked down (CKD) automobiles hit 208,822, up 41%; and that of completely-built-up (CBU) cars reached 160,512, up 46%.

A Honda CR-V produced at a factory in Vinh Phuc province, northern Vietnam. Photo courtesy of Honda Vietnam.

A Honda CR-V produced at a factory in Vinh Phuc province, northern Vietnam. Photo courtesy of Honda Vietnam.

In the first 11 months of the year, Toyota was the best seller with 81,491 units, or 24.9% of the total; followed by Mitsubishi with 36,805 (11.2%); KIA and Mazda cars made-by-domestic firm Thaco with 57,784 and 33,552 (17.6% and 10.2%), respectively.

Other top players were Honda with 28,323 (8.6%), and Ford with 24,036 (7.3%).

In November, VAMA's automobile sales reached 31,186, down 14% year-on-year and 1% versus October. They included 25,251 passenger cars, down 7%; 5,849 commercial vehicles, down 35%; and 86 special-purpose vehicles, a 73% decline.

Comments (0)
  • Read More
Vietnam's private lender BVBank to offer 68.98 mln shares to existing shareholders

Vietnam's private lender BVBank to offer 68.98 mln shares to existing shareholders

BVBank will offer 68.98 million shares to existing shareholders at VND10,000 apiece, which is lower than the book value level recorded at the end of 2024 (VND11,153).

Banking - Mon, March 31, 2025 | 6:02 pm GMT+7

Vietnam benchmark VN-Index closes in the red for 4th session

Vietnam benchmark VN-Index closes in the red for 4th session

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), fell 10.60 points, or 0.8%, to 1,306 on Monday, making its four-session losing streak.

Finance - Mon, March 31, 2025 | 5:15 pm GMT+7

Crypto tax policy: What model for Vietnam’s growth?

Crypto tax policy: What model for Vietnam’s growth?

Vietnam is moving closer to legalizing cryptocurrency transactions, a crucial step that not only provides a clear legal framework for the market but also creates an opportunity to generate tax revenue, writes Dr Chu Thanh Tuan, associate program manager of undergraduate business programs at RMIT University Vietnam.

Consulting - Mon, March 31, 2025 | 3:56 pm GMT+7

Two high-tech projects worth $640 mln break ground in northern Vietnam

Two high-tech projects worth $640 mln break ground in northern Vietnam

Two Chinese-invested, high-tech projects worth a total of $640 million broke ground on Sunday at the VSIP Bac Ninh II Industrial Park in Bac Ninh province.

Industries - Mon, March 31, 2025 | 3:09 pm GMT+7

Leading Vietnamese broker SSI pays cash dividends for 10 consecutive years

Leading Vietnamese broker SSI pays cash dividends for 10 consecutive years

Saigon Securities (SSI), a major broker in Vietnam, plans a cash dividend payout of 10%, equivalent to VND1.97 trillion ($77 million), for 2024, maintaining this policy consistently over the last 10 years.

Companies - Mon, March 31, 2025 | 10:43 am GMT+7

Amateur innovates rice paper production, exports to Japan, S Korea

Amateur innovates rice paper production, exports to Japan, S Korea

Dang Khanh Duy, CEO of Tan Nhien Ltd., has harnessed local cassava resources to create rice paper without the need for soaking in water, which is exported to several demanding markets worldwide, including Japan and South Korea.

Companies - Mon, March 31, 2025 | 10:31 am GMT+7

Belgian King, Queen begin state visit to Vietnam

Belgian King, Queen begin state visit to Vietnam

Belgian King Philippe and Queen Mathilde arrived in Hanoi on early Monday morning, beginning their five-day state visit to Vietnam at the invitation of State President Luong Cuong and his spouse.

Politics - Mon, March 31, 2025 | 8:47 am GMT+7

FDI firms in Vietnam concerned about losses if FIT rates are recalculated

FDI firms in Vietnam concerned about losses if FIT rates are recalculated

A possible reduction in the feed-in-tariff (FIT) has raised concerns among foreign solar power investors about the risk of losing their capital and exiting the Vietnamese market.

Energy - Mon, March 31, 2025 | 8:00 am GMT+7

Industrial heavyweight Gelex seeks foreign partners for subsidiaries

Industrial heavyweight Gelex seeks foreign partners for subsidiaries

Gelex Group JSC (HoSE: GEX), a leading industrial corporation in Vietnam, is seeking foreign partners for its subsidiaries to promote sustainable growth and expand globally.

Companies - Mon, March 31, 2025 | 8:00 am GMT+7

Vietnam GDP grows nearly 7% in Q1: Prime Minister

Vietnam GDP grows nearly 7% in Q1: Prime Minister

Vietnam's economic growth reached nearly 7% in the first quarter, higher than the 5.66% recorded in Q1/2024, according to Prime Minister Pham Minh Chinh.

Economy - Sun, March 30, 2025 | 3:44 pm GMT+7

Phu Quoc remains hot topic in international media

Phu Quoc remains hot topic in international media

After skyrocketing to fame in 2024, Phu Quoc shows no signs of slowing down in early 2025, as it continues to be recognized by prestigious travel magazines and media outlets worldwide.

Travel - Sun, March 30, 2025 | 2:39 pm GMT+7

Vietnam manufacturing hub Dong Nai province approves planning for $3 bln urban area project

Vietnam manufacturing hub Dong Nai province approves planning for $3 bln urban area project

Dong Nai authorities on Thursday issued a decision on making a 1:500 detailed planning scheme for the over VND72.2 trillion ($2.82 billion) Hiep Hoa Urban Area project, the largest ever in the southern Vietnam province.

Southeast Asia - Sun, March 30, 2025 | 2:20 pm GMT+7

Agentic AI is poised to revolutionize industries: RMIT lecturer

Agentic AI is poised to revolutionize industries: RMIT lecturer

In healthcare, Agentic AI can monitor patient health metrics in real-time, identifying potential complications before they become critical and recommending preventive measures, writes Dr Thuy Nguyen, senior lecturer, artificial intelligence, school of science, engineering & technology, RMIT Vietnam.

Consulting - Sun, March 30, 2025 | 2:06 pm GMT+7

Vietnam PM requests completion of North-South Expressway by year-end

Vietnam PM requests completion of North-South Expressway by year-end

Prime Minister Pham Minh Chinh has requested the completion of the North-South Expressway from the northern mountainous province of Cao Bang to the southernmost province of Ca Mau by this year’s end.

Southeast Asia - Sun, March 30, 2025 | 1:56 pm GMT+7

Ample room to float Vietnam’s shipbuilding industry

Ample room to float Vietnam’s shipbuilding industry

As domestic and global demand for new ships continues to rise, Vietnam's shipbuilding industry has significant potential for growth.

Southeast Asia - Sun, March 30, 2025 | 1:50 pm GMT+7

First charter flight from Iran lands in Hanoi, boosting tourism ties

First charter flight from Iran lands in Hanoi, boosting tourism ties

Hanoi welcomed more than 200 Iranian tourists on Friday aboard the first-ever charter flight from the West Asian nation.

Travel - Sun, March 30, 2025 | 1:44 pm GMT+7