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Automotive

Opportunities and challenges for auto industry in 2014

Despite initial signs of recovery, the Vietnamese auto industry is expecting a challenging 2014 as deadline pressures from ASEAN Free Trade Area (AFTA) commitments continue to mount. Total sales exceeded 110,000 vehicles in 2013, nearly 20 percent more than a year earlier.The auto industry expects a 2014 growth rate of …

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HCM City addresses Japanese business concerns

HCM City leaders have affirmed their determination to resolve any difficulties and foster a favourable local investment environment. Their commitment was made at a December 20 roundtable discussion between Japanese Business Association in HCM City (JBAH) and the City’s investment and trade promotion centre (ITPC).The conference, organised on behalf of …

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Noncommittal reply may kill auto industry

Noncommittal reply may kill auto industry

The plan by the Ministry of Transport (MOT) to collect fees to reduce the number of personal vehicles in circulation has not been legalized yet. However, automobile joint ventures have suffered from the plan. The Vietnam Automobile Manufacturers’ Association (VAMA) finally has received the answer from MOT after it many …

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Vietnam’s Motorcyle Import Drops Over 40% In Q1/2012

Vietnam’s imported motorcyles were estimated at 12,613 units ($20.5 million) in the first three months of this year, making year-on-year falls of 47.7% in volume and 42% in value, the General Department of Vietnam Customs said. Of note, the country’s imported motorcyles sharply increased to 4,776 units for $7.7 million …

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Vietnam mulls fining Toyota over technical faults

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After Toyota Vietnam has recalled nearly 66,000 cars suffering from technical faults recently, a senior official said the actual number could be much higher and that Vietnamese authorities are considering fining the Japanese carmaker. The number of Toyota cars with technical problems in Vietnam must be higher than the 65,703 …

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