Honda Vietnam plans to switch to importing vehicles
Honda Vietnam said the company plans to shift from manufacturing to importing vehicles due to manufacturing interruptions and market stagnation caused by the COVID-19 pandemic.
A motorbike assembly line at Honda Vietnam company in Vinh Phuc (Photo: VNA)
Hanoi (VNA) 𒅌– Honda Vietnam said the company plans toshift from manufacturing to importing vehicles due to manufacturinginterruptions and market stagnation caused by the COVID-19 pandemic.
Ina document recently submitted to the Ministry of Planning and Investment, HondaVietnam CEO Keisuke Tsuruzono said the company’s manufacturing output is expectedto drop 30 percent for cars in 2020 and 43 percent for motorbikes from April toJune. As a result, the company’s revenue would decrease significantly. Themarket saw a year-on-year drop of 32 percent in car sales in the first threemonths this year. The motorbike market has been affected since early April. Thedocument also mentioned the social distancing order imposed between April 1-22as one of the reasons for the fall. Accordingto Tsuruzono, the manufacturing stagnation was partly due to a shortage ofspare parts supplied by several nations which were under lockdown due to theCOVID-19 pandemic. In addition, the company had to suspend operation from April1 to 22 and sale agents suspended business under social distancing measures. HondaVietnam proposed measures to continue removing difficulties for motorbike andcar manufacturers by extending deadlines for their tax and land leasingpayments. Thecompany also made proposals on reducing value-added taxes and registration feesfor customers while reducing interest rates by 5-6 percent for spare partsmanufacturers./.
Toyota Vietnam and Honda Vietnam posted the best car sales in March among members of the Vietnam Automobile Manufacturers Associations (VAMA) though both reported year-on-year drops 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.
Honda Vietnam announced on late April 22 that it will resume the production of automobiles and motorbikes from April 23 after 22 days of suspension to prevent the COVID-19 pandemic.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
A motorbike assembly line at Honda Vietnam company in Vinh Phuc (Photo: VNA) 
