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Vietnam auto industry
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Car imports see recovery in March
Import turnover of completely built-up (CBU) cars in March increased by 55.4% in volume and 41.4% in value compared to the previous month.
VinFast earns $1.2B revenue in 2023
Vietnamese electric vehicle manufacturer VinFast reported revenues of VND28.6 trillion (US$1.16 billion) last year, up 91% from 2022.
Vietnam EV maker VinFast plans promotions in response to Tesla price cuts
Vietnam's electric-vehicle (EV) maker VinFast said on Thursday it will launch promotions to protect the market competitiveness of its models, a week after Tesla announced aggressive discounting to spur demand.
January 19, 2023 | 04:29 pm PT
Auto association wants tax cuts for hybrid vehicles
The Vietnam Automobile Manufacturers Association has sought cuts in excise tax and registration fees for hybrid electric vehicles.
August 21, 2022 | 07:52 pm PT
Mercedes distributor posts major profit jump
Vietnam’s biggest Mercedes distributor Haxaco posted a pre-tax profit of VND102 billion ($7.36 million) in the second quarter, up 12.6 times year-on-year.
July 12, 2022 | 06:00 am PT
Auto industry seeks to develop components segment
While the automotive industry’s target of using 35-45 percent locally made parts remains elusive, auto companies are increasing investments in supporting industries.
November 17, 2020 | 06:10 pm PT
Auto newbie VinFast zooms to fifth place in sales
VinFast sold 5,124 cars in the first quarter to rank fifth among auto brands in Vietnam, with the hatchback Fadil its most popular vehicle.
April 26, 2020 | 09:08 pm PT
Vietnam sees February spurt in car imports
With dealers focusing on affordable, new models, February car imports doubled over the previous month, official data shows.
March 16, 2020 | 07:00 pm PT