The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on August 8.
The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units (Illustrative image. Source: VNA)
Hanoi (VNA) – The total automobilesales in the first seven months of 2017 went down 6 percent year-on-year to154,930 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reportedon August 8.
Sales of tourist, commercial and specialised carsexperienced a year-on-year decline of 2 percent, 10 percent, and 18 percent,respectively.
Domestically assembled car sales in the reviewedtime faced a drop of 10 percent whilst imported ones registered a yearly riseof 9 percent.
Despite promotion programmes launched in July,the sales of cars in the month still coped with a drop of 15 percent over theprevious month to 20,662 units.
Sales of tourist vehicles were hit by thestrongest fall of 21 percent to 11,195, while that of commercial andspecialised cars plunged by 7 percent to 8,489 and 978 units, respectively.
Domestically assembled and imported cars saw a respectivereduction of 14 percent and 17 percent in sales to 14,779 and 5,883 units.
It is hard for the automobile industry to growstrongly in the remaining months of this year since customers are expectingcheaper cars in 2018 when tax for some imported cars falls to zero percent.-VNA
Mercedes-Benz Vietnam (MBV) reported a year-on-year growth of more than 60 percent in automobile sales during the first half of 2017, the best in 22 years of its presence in Vietnam.
The Vietnam Motorshow 2017, themed “Connected Technology for Smart Moving”, kicked off at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on August 1.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
The total automobile sales in the first seven months of 2017 went down 6 percent year-on-year to 154,930 units (Illustrative image. Source: VNA)
