Honda Vietnam reported robust sales growth in April across both its motorcycle and automobile segments, with year-on-year increases of 6.9% and 18.9%, respectively.
Honda has identified the cause as the inappropriate thickness of the paint layer on the gear shift arm, which prevents a direct and secure contact surface.
Honda Vietnam has revealed that its retail sales of motorcycles and automobiles in October dropped by 7.5% and 15.9% respectively compared to previous month due to market difficulties.
The market capitalisation of VinFast, the electric vehicle (EV) maker of Vietnamese conglomerate Vingroup reached 85 billion USD in its Nasdaq debut on August 15 with nearly 6.8 million shares changing hands.
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds in May, a decrease of 8% compared with the previous month.
Owners of motorbikes in Hanoi can get free emission evaluation on their vehicles until November 30 as part of the city's scheme to assess the emission levels of operating vehicles so as to apply solutions to improve air quality.
Honda Vietnam posted an 8.9-percent increase in retail sales of automobiles but a 16.9-percent drop in that of motorbikes in June, the firm announced recently.
Toyota Motor Corp and Honda Motor Co. have ceased operation of their factories in Malaysia after this Southeast Asian country initiated a national lockdown to curb the spread of COVID-19 on June 1.
With significant investment in building transport and industrial infrastructure as well as favourable mechanisms and policies in support of investors, Vinh Phuc is emerging as an attractive destination for Japanese businessmen.
The northern midland province of Vinh Phuc has reaped significant achievements in investment attraction thanks to its efforts in renewing methods in this regard.
The five members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold 731,077 vehicles in the first quarter of 2020, down 3.03 percent year on year.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold over 3.25 million motorbikes in 2019, a year-on-year decline of 3.87 percent.
The Vietnam Association of Motorcycle Manufacturers (VAMM) reported gloomy figures for the last months of 2019, a time when the industry typically expects a boom in sales revenue.
Sales of enterprises operating in automobile and motorbikes manufacturing and assembling in the northern province of Vinh Phuc were estimated to exceed 258 million USD since the beginning of 2019, a year-on-year increase of 19 percent.