Favourable policies expected to drive auto market growth
NDO/VNA – The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output.more
Motorbikes still the vehicle of choice in Vietnam
VnExpress By Dat Nguyen – Sales rose for the fourth straight year as 3.39 million new motorbikes were bought in Vietnam last year.
The number marked an increase of 3.5 percent over the previous year, and a 25 percent increase from 2014, according to the Vietnam Association of Motorcycle Manufacturers (VAMM).
Ford Vietnam adds 82 million USD in factory expansion project
Hanoi (VNA) – Ford Vietnam has announced an additional investment of 82 million USD (over 1.9 trillion VND) to expand its automobile factory in the northern province of Hai Duong.more
Thaco exports Vietnamese branded buses to Philippines
NDO/VNA – Truong Hai Auto Corporation (Thaco) held a ceremony in the central coastal province of Quang Nam on December 28 to hand over 15 Vietnamese branded buses for export to the Philippines.more
Vietnam sees car imports double
VnExpress By Dat Nguyen — Dwindling sales of locally assembled cars and rising sales of imports are causing local manufacturers to demand more tax incentives to compete.
In the first 11 months of the year sales of locally made vehicles fell by 13 percent year-on-year to 169,739 units, while that of imported cars doubled to 119,389, according to the Vietnam Automobile Manufacturers Association (VAMA).