Trio of manufacturers assist in ‘made-in-Vietnam auto dream’

Enterprises either lacking supplementary investments or unable to assemble and manufacture automobiles will be forced to stop operation after March 31, 2005.  This is a major content of Deputy Prime Minister Nguyen Tan Dung’s recent Decision 1272 on the implementation of the Automobile Industry Development Plan. Following governmental guidance, the Ministry of Industry will join ministries, provinces and cities to examine and evaluate auto enterprises so as by December 31 to verify enterprises that have not fully invested or not met conditions .  The decision also indicates that enterprises not investing supplementary capital or not meeting the conditions shall only…... [read more]

Its WTO commitments require Vietnam to maintain a tax level on import auto components between zero percent and 30 percent. Officials say the tax changes will also serve domestic interests.Speaking at a press conference at Smart Industry World 2017 in Hanoi last week, Deputy Minister of Industry and Trade Do Thang Hai said the import tax cuts would bolster auto production in Vietnam by leveling the playing field between imported vehicles and vehicles made in the country with imported parts.“Automakers said that they had not received much support from the State, but the Government’s coming document will create fair play…... [read more]

Inside a car manufacturing plant in Vietnam - Photo: VNA Of the sum, 14,179 units were passenger cars, up 10 percent month-on-month; 9,137 units were commercial vehicles, up 1.5 percent; and 1,049 units were special-purpose vehicles, down 20 percent. The June sales of completely-built units (CBU) were 7,085, an increase of 8 percent against May, while 17,280 complete knock down units (CKD) were sold last month, up 4 percent.Domestic manufacturer Truong Hai Auto Corporation (Thaco) led VAMA members with 7,266 units sold in June, 31.9 percent of the country’s market share. Thaco was followed by Toyota Vietnam with 6,815 units…... [read more]

Out of the total, 10,044 units were passenger cars, down 32%; 6,344 units were commercial vehicles, up 24%; and 1,233 units were special-purpose vehicles, up 220%, VAMA said in a report released on March 8. The February sales of completely-built units (CBUs) were at 14,560, a decrease of 6% against January, while more than 3,060 complete knock down units (CKD) were sold last month, down 35%. Domestic manufacturer Truong Hai Auto Corporation (Thaco) led VAMA members with 7,724 units sold, a year-on-year increase of 85%. The car maker and importer accounted for 45% of the country’s market share. Thaco was…... [read more]

The figure represents a year-on-year increase of 97 percent, said the Vietnam Automobile Manufacturers Association (VAMA). Auto sales grew for eleven consecutive months last year, fuelled largely by stronger sales of commercial vehicles. Last year 40,277 units were handed to customers, a 129 percent increase on the corresponding period in 2006. Passenger car sales also rose by 128 percent to 17,027 against 7,480 units in 2006. Predictably, Toyota topped the pecking order, selling 20,113 vehicles, a year-on-year increase of 36 percent, which accounted for 25 percent of the market share. Truck and bus maker Truong Hai, which specialises in producing…... [read more]

Auto sales mark new record in 2009By Quoc Hung - The Saigon Times DailyHCMC – Automobile sales, including domestic-manufactured and imported autos, last year set a new record of nearly 200,000 units on the domestic market despite the global economic slump, giving a strong boost to automakers in Vietnam.The 16 members of the Vietnam Automobile Manufacturers Association (VAMA) sold 119,460 units last year, 7% more than in 2008. In December alone, these automakers sold 16,065 vehicles, up 59% year-on-year, to become Last year, the passenger car segment increased by 47%, the MPV/SUV segment 3%, but commercial vehicle sales dropped by…... [read more]

This trio of exhibitions will triple business opportunities and increase the localisation index for the electronic industry in Vietnam by featuring over 200 leading brands from 20 countries and seven international pavilions from leading technology countries such as Japan, Korea, China, Singapore, and Taiwan.At the press conference, Suttisak Wilanan, deputy managing director of Reed Tradex, the organiser of NEPCON Vietnam (NEV) 2017, shared his belief in Vietnam’s capability and potential, pointing out, “At the beginning of 2015, Vietnam was the 12th largest electronics exporter in the world and the third largest in the ASEAN, but at this rate, it is…... [read more]

By Thu Nguyet - The Saigon Times DailyHCMC – The Japan International Cooperation Agency (JICA) is calling for Vietnamese businesses active in supporting industries to join technical assistance projects aimed at boosting Vietnam’s supplies for Japanese manufacturers.A survey by the Japan External Trade Organization (JETRO) shows the ratio of local content in products made by Japanese-invested companies in Vietnam fell to 22.4% last year from 26.5% in 2006. Meanwhile, the figure surged in many Southeast Asian countries, such as Thailand with a rise to 56.1% last year from 53.9% in 2006, and Indonesia with 42.9% from 39.5%.Explaining the decline, Matsuda…... [read more]

Reed Tradex’s three events in the capital’s International Exhibition Centre drew record numbers These three mega shows, held during September 10–12, provided an invaluable networking platform for attending participants. Amid a convivial atmosphere, many “SOLD” signs were seen on top of new machinery and technologies, reflecting the successful result of these events. Exhibitors enthusiastically demonstrated their products to curious buyers Events foster opportunitiesAccording to Reed Tradex, in addition to a significant showing by local firms, international industrialists from over 27 countries  and territories were also well represented. They are from Germany, Italy, Japan, Korea, Poland, Singapore, Taiwan, Thailand, China, Hong…... [read more]

Vietnam already boasts a thriving merchant ship construction sector, and has also built some coastal paramilitary craft in recent years. Now, the country is emerging as a warship builder. The 54-metre patrol ship HQ 272 was commissioned into the People’s Armyof Vietnam Navy (PAVN) on January 16. This is the first military shipbuilt by Vietnam. This vessel was constructed, with Russian assistance, by the Hong HaShipbuilding Company in the northern port city of Hai Phong. Thediesel-powered, 32-knot ship is based the Russian Svetlyak OPV. The shipis armed with a 76.2-millimeter gun and a 30-millimeter cannon. Admiral Pham Ngoc Minh, Deputy…... [read more]