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Hybrid vehicle market grows as Vietnam dawdles on EV

Hybrid vehicle market grows as Vietnam dawdles on EV

Toyota used to dominate the market for hybrid vehicles, but now faces competition from a number of others, including some luxury brands.
Government halves registration fee for local cars to boost demand

Government halves registration fee for local cars to boost demand

The registration fee for locally made cars will be cut by 50% for three months starting Sept. 1, according to a new government decree.
August 30, 2024 | 08:38 pm PT
Auto sales rise by 19%

Auto sales rise by 19%

Members of the Vietnam Automobile Manufacturers Association and Hyundai Thanh Cong reported a 19% jump in sales year-on-year in July to 34,200 units.
August 18, 2024 | 07:37 pm PT
Imports match domestic products in auto market sales

Imports match domestic products in auto market sales

Imported cars increased their share of the auto market by 7.9 percentage points from a year earlier to a full 50% in the first half of 2024.
August 3, 2024 | 04:01 pm PT
Toyota remains ensconced on top of auto market

Toyota remains ensconced on top of auto market

Despite a sharp decline, Toyota maintained its leading position in the auto market in the first half of the year, selling 22,338 vehicles.
July 22, 2024 | 06:12 pm PT
Automobile market struggles to recover from a bad year

Automobile market struggles to recover from a bad year

The automobile market has yet to recover after last year’s massive decline, with sales falling 4% year-on-year in the first half of this year to 159,000 units.
July 18, 2024 | 03:41 pm PT
Ford Ranger dominates pickup market

Ford Ranger dominates pickup market

Ford Ranger accounted for nearly 82% of the pickup truck market in the first half of the year.
July 15, 2024 | 06:10 pm PT
Toyota stops Yaris sales in Vietnam

Toyota stops Yaris sales in Vietnam

Japanese automaker Toyota has stopped selling the imported Yaris hatchback in Vietnam, ending 13 years of distribution in the country.
July 5, 2024 | 08:31 pm PT
May auto sales inch up 6%

May auto sales inch up 6%

Vietnam’s auto sales in May increased 6% from the previous month to 25,794 units, as dealers rolled out stimulus measures to spur consumption, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
June 12, 2024 | 09:52 pm PT
Chinese auto brand GAC enters Vietnam

Chinese auto brand GAC enters Vietnam

Chinese auto brand GAC Motor, which sells gasoline-powered vehicles, has entered Vietnam through a distributor.
May 10, 2024 | 06:25 pm PT
Car imports see recovery in March

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.
April 5, 2024 | 03:21 pm PT
February automobile sales see biggest fall in three years

February automobile sales see biggest fall in three years

Vietnam’s automobile sales in February plummeted 50% year-on-year to 11,633 automobiles, the biggest drop in three years.
March 13, 2024 | 11:10 pm PT
Local car market still sees sluggish sales as Tet nears

Local car market still sees sluggish sales as Tet nears

The domestic auto market in Vietnam is experiencing a decline in car sales due to sluggish customer demand compared to previous years, according to local car experts.
December 10, 2023 | 03:17 am PT
Vietnam’s largest automobile distributor braces for tumble in profits

Vietnam’s largest automobile distributor braces for tumble in profits

Saigon General Service Corporation, the country’s largest auto distributor, expects profits to decline by VND150 billion (US$6.33 million) in 2023 amid forecasts of a turbulent year.
February 28, 2023 | 07:47 pm PT
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