Thanks to the Government’s registration fee reduction policy plus efforts of auto manufacturers in sales policies, the auto market has continuously grown since the Tet holiday, with a slight rise compared to previous months. Toyota Vietnam, the leading auto assembling firm in Vietnam, said the firm sold over 2,770 cars last month, rising by 350 units from March and by up to 1,136 units year-on-year. Similarly,... 

While keeping complaining about the small scale of the Vietnamese market and the changeable policies, foreign automobile manufacturers still have been flocking to Vietnam. Betting on the future Analysts have forecast that about 100,000 cars would be sold in 2013, a modest figure for more than 10 big automobile manufacturers in Vietnam. However, the manufacturers believe that Vietnam’s market would... 

Truong Hai Auto, also known as Thaco, will produce French-brand Peugeot cars in Vietnam late this year under a contract signed at the 2013 France-Vietnam Business Forum opened on Monday in HCMC. Peugeot Company of France will transfer a complete knock-down Peugeot car sample to Thaco in late 2013 and another one in 2014. The local auto firm intends to build a new plant for assembling Peugeot cars,... 

* Terra Motors to soon debut in Vietnam HCMC – Auto firms are racing to launch new cars or give their customers more supports to increase their market shares. Although the registration fee for cars under 10 seats has been reduced from 20% to between 10% and 15% and that for used car slashed from 10-12% to 2%, the market has not seen any positive change. Several automakers said they did not really... 

* GM Vietnam imports pickup truck from Thailand Ford Vietnam on Tuesday announced that its February retail sales jumped more than 62% year-over-year to 351 vehicles, thus raising its market share for the month to 8.3%. “We’re encouraged with a gradual and continuing recovery of the industry this year,” Laurent Charpentier, managing director of Ford Vietnam, said in a statement. “We’re equally... 

The auto market declined sharply last month unlike the month before the Tet holiday which saw a strong growth, according to auto firms. Specifically, GM Vietnam sold nearly 220 cars in the holiday-shortened month, dropping by 315 units from last year’s same period and by nearly 390 units from the previous month. Similarly, Isuzu Vietnam sold only 31 cars, down over 50% year-on-year and 50 units... 

As the demand for cars shot up at Tet, several firms recorded a dramatic increase in sales volume, leading to strong growth for the auto market in January. Despite economic woes and the fear that consumers might suspend their car purchase plans to wait for registration fee cuts, car consumption in the first month of the year was high compared to the same period last year. Auto dealers and manufacturers... 

Mercedes-Benz Vietnam promises to introduce a wide range of new car series as well as to expand the dealer system nationwide this year, aiming to keep its long-established leading position in the luxury segment in the local market. The German auto maker said that this year it will launch eight new models on the path of meeting ever-diversifying demands of Vietnamese customers who are always interested... 

The local automobile market has seen signs of recovery before the Lunar New Year holiday, or Tet, as customer demand has increased compared to previous months. Some dealers of Toyota Vietnam and Honda Vietnam said that demand has picked up sharply and their customers are not able to take cars until after Tet or later. According to Toyota Vietnam, there were 581 Camry cars produced last month, of which... 

* Car firms race to launch Tet promotions Auto sale volumes of the whole market reached nearly 10,000 units last month, taking the total sale in all 2012 to 93,000 units, higher than the revised estimate but lower than the 2011 figure, says the Vietnam Automobile Manufacturers Association (VAMA). Obviously, the local auto market in the final month of the year 2012 showed a slight recovery compared...