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.

Toyota Motor Vietnam and the Department of Industry have signed a Memorandum of Understanding for a project to enhance the domestic enterprises' supporting industry.

Four senior executives at Vietnam's VinFast have left the electric vehicle startup as it prepares to launch its first overseas model and roll out a network of showrooms in the United States and Europe, the company said.

The Ministry of Finance (MoF) proposal to extend the deadline for excise tax payment for locally manufactured and assemble cars will help businesses get more financial resources and restore their production, according to Đinh Trọng Thịnh a senior lecturer at the Finance Institute.

Automaker VinFast announced its plan to open more than 50 stores in Europe at the 35th International Electric Vehicle Symposium and Exhibition (EVS35) in Norway on Tuesday.

Auto sales in May hit 43,816 units, the year’s highest number and up for a third month in a row, indicating a recovery in demand.

Some 83 Triumph Trident 660 sportbikes were recalled in Vietnam since their kickstands may be prone to bending.

Luxury car brand Lamborghini is set to return to Vietnam in the second quarter after disappearing for over a year.

Vietnam’s auto imports fell by 70 percent last month to 4,524 units, but the industry dismissed it as a normal January phenomenon after a surge in imports in December.

Việt Nam has more than 170,000 trucks and nearly 53,000 coaches that are deemed past their shelf life and should not be driven, but most are still on the road.