The volume of motorcycles consumed nationwide last year amounted to 3.11 million, down 6.6% from the previous year, which is the first year the domestic market has seen a decline. According to Honda Vietnam, holder of the biggest motorcycle market share, although motorcycle makers launched several new products as well as promotion programs and supports last year, the consumption volume still declined... 

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... 

Together with West Saigon Service Commercial Co., Ltd, Honda Vietnam on Monday opened its new automobile dealer in HCMC, increasing the total number of Honda Vietnam’s automobile dealers to 11 nation-wide. The new establishment Honda Auto Phuoc Thanh is located at 63 Vo Van Kiet Boulevard in Binh Tan District covering more than 10,000 square meters. It includes a showroom, a customer lounge and... 

Honda Vietnam on Thursday introduced three versions of the Civic sedan that comes with a price tag of VND725 million for the 1.8MT, VND780 million for the 1.8AT and VND860 million for the 2.0AT, inclusive of VAT. The Civic 2012, the ninth generation of the Civic car, consumes 10% less fuel than former-generation Civic cars, according to Honda Vietnam. The new Civic is equipped with the intelligent... 

Honda Vietnam on Tuesday introduced two new SH models on the Vietnamese market with their prices far lower than the previous models. SH 125i comes with a suggested retail price of VND66 million and SH150i with VND80 million, compared to the old models’ respective prices of VND109.9 million and VND133.9 million. Honda has made many design changes to the traditional SH scooter and uses the eSP (enhanced... 

Sales of motorcycles are sharply plunging even though agents in partnership with manufacturers are rushing to launch a vast array of promotions, including supporting registration fees for buyers or pulling the prices down. At Honda Vietnam (HVN), the country’s largest motorcycle maker, it is unlikely that the target set by former general director Koji Onishi to sell about 2.3 million vehicles... 

Honda Vietnam Company started construction of its third factory for manufacturing motorbikes and spare parts in the northern province of Ha Nam on December 19. The $120 million factory, covering a total area of 27 hectares, is expected to be put into operation after one year of construction, provide jobs for nearly 2,000 people, and contribute about VND400 billion to the province’s budget. The groundbreaking... 

The local motorbike market this year has seen a boom for manufacturers and retailers despite the current economic uncertainty. In the first eight months of the year, Honda Vietnam sold around 1.32 million units, up 20% year-on-year, according to general director Koji Onishi of the leading motorcycle maker in the domestic market. However, it wasn’t only Honda but other manufacturers such as Yamaha... 

Leading motorcycle producer Honda Vietnam on Friday held a ceremony to celebrate the 10-millionth motorcycle unit produced in Vietnam’s Vinh Phuc Province after 15 years of operation. Founded in 1996, Honda Vietnam lined off the first motorcycle in February 1998. With the strong production development, the company had paid VND20 trillion in taxes to the State and created nearly 8,500 trained employees... 

Honda Vietnam has announced that it would reconsider the production and business plan in Vietnam in the future, in case it has to pay the tax arrears of 160 million dollars, or 3340 billion dong. Meanwhile, the Japanese Embassy has come forward and asked Vietnamese competent agencies to reconsider the tax imposition. Thoi bao Kinh te Vietnam has quoted the statement by Honda Vietnam, a joint venture...