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Vietnam needs $12B investment in EV infrastructure: HSBC

Vietnam needs $12B investment in EV infrastructure: HSBC

Vietnam will need to invest around US$12.3 billion in infrastructure to popularize electric vehicles, lender HSBC has estimated in a new report.
Chinese carmaker Chery to build plant in Vietnam

Chinese carmaker Chery to build plant in Vietnam

Chinese automaker Chery’s subsidiaries Omoda & Jaecoo have set up a joint venture with Vietnamese conglomerate Geleximco to build a manufacturing plant in Thai Binh Province.
April 5, 2024 | 03:32 am PT
Auto industry slump set to continue through 2023: insiders

Auto industry slump set to continue through 2023: insiders

Automakers and analysts are warning of a likely slump in the automobile market this year amid falling demand and high credit interest rates.
February 28, 2023 | 09:05 pm PT
6 highlights of auto industry in 2022

6 highlights of auto industry in 2022

There were record car sales this year and electric vehicles grew in popularity, and a Vietnamese carmaker even exported EVs to the U.S.
December 29, 2022 | 07:25 pm PT
Chinese automaker Chery plans to set up plant in Vietnam

Chinese automaker Chery plans to set up plant in Vietnam

China’s state-owned Chery Automobile has said it wants to sell its first made-in-Vietnam car by next year.
September 8, 2022 | 09:30 pm PT
December auto sales hit monthly high

December auto sales hit monthly high

Auto sales climbed to 47,865 units in December, the highest monthly number last year, according to latest data from Vietnam Automobile Manufacturers Association (VAMA).
January 14, 2021 | 04:45 pm PT
Nissan gets new Vietnam distributor

Nissan gets new Vietnam distributor

The Vietnam Automobile Industry Development Company (VAD) has inked a deal with Nissan to become the Japanese carmaker’s exclusive distributor in Vietnam.
September 25, 2020 | 05:30 am PT
Car imports plummet nearly 50 pct, Covid-19 blamed

Car imports plummet nearly 50 pct, Covid-19 blamed

Vietnam imported 44,973 cars in the first seven months, down 47.5 percent year-on-year amid a slump in auto demand due to Covid-19.
August 16, 2020 | 08:30 pm PT
Vietnam sees car imports double

Vietnam sees car imports double

Dwindling sales of locally assembled cars and rising sales of imports are causing local manufacturers to demand more tax incentives to compete.
December 26, 2019 | 11:05 pm PT
South Korean, Japanese cars race for Vietnamese buyers

South Korean, Japanese cars race for Vietnamese buyers

South Korean cars are closing the gap in Vietnam, but Japanese brands still lead sales in most categories.
October 23, 2019 | 01:26 am PT
Laos, Cambodia imports can threaten Vietnam auto industry

Laos, Cambodia imports can threaten Vietnam auto industry

Even weaker economies with less developed industries can threaten Vietnam's auto industry due to its low localization rate, the Trade Ministry said.
October 11, 2019 | 02:48 am PT
Why Vietnam’s auto industry never stepped on the gas

Why Vietnam’s auto industry never stepped on the gas

Vietnam’s auto industry has suffered from rewards not being connected to production and the neglect of domestic suppliers.
October 15, 2018 | 06:49 pm PT
China sets 2019 deadline for automakers to meet green-car sales targets

China sets 2019 deadline for automakers to meet green-car sales targets

Car makers will need so called new-energy vehicles to hit a threshold equivalent to 10 percent of annual sales by 2019.
September 28, 2017 | 03:42 am PT
 
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