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.
Toyota to enhance domestic auto supporting industry
Toyota Motor Vietnam and the Department of Industry have signed a Memorandum of Understanding for a project to enhance the domestic enterprises' supporting industry.
VinFast parts ways with four top executives as it readies expansion
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.
Extended payable excise tax will help boost domestic automobiles
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 to open more than 50 stores in Europe
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.
May sales surge indicates continuing auto industry recovery
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.
Lamborghini returns to Vietnam
Luxury car brand Lamborghini is set to return to Vietnam in the second quarter after disappearing for over a year.
Car imports fall in January
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 nearly 223,000 expired vehicles, most of them remain on road
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.
More Articles...
- Việt Nam’s e-vehicles to consume over 71.87 billion kWh by 2050: experts
- Motorbike sales slash nearly 46 per cent in Q3
- Mercedes dealer reports record loss in Q3
- Electric buses to operate in Hanoi starting November
- Việt Nam’s EVI announced for first time
- VinFast announces global debut of its new EVs at the 2021 Los Angeles Auto Show
- Vietnam carmaker Vinfast eyes start of US deliveries in late 2022, CEO says
- Vietnam Motor Show cancelled due to COVID
- Positive signs for year-end car shopping
- September auto sales plunge 50 pct
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