VAMA members sold 70,952 vehicles in the first three months of 2021 (Photo: VNA) Hanoi (VNA) - The Vietnam Automobile Manufacturers’ Association (VAMA) announced on April 13 that its members sold a total of 70,952 vehicles in the first quarter of 2021, a year-on-year surge of 36 percent. The figure comprised 51,126 passenger cars, up 34 percent, 18,735 commercial vehicles, up 43 percent, and 1,091 special-use vehicles, up 17 percent. March auto sales by VAMA members grew 127 percent against February to 30,935. Of these, 21,089 were passenger cars, 9,227 commercial vehicles, and 619 special-use vehicles. Sales of domestically-assembled vehicles rose 99 percent month-on-month to 70,952, while those of completely-built-up (CBU) vehicles increased 177 percent against January to 13,795. These figures do not fully reflect the situation in Vietnam’s automobile market, however, as they do not include the sales of brands such as Audi, Jaguar Land Rover, Mercedes-Benz, … [Read more...] about Automobile sales up 36 percent in Q1
Audi as for sale
Domestic car sales record 127% surge in March
In terms of vehicle origins, the past month has seen sales of domestically-assembled vehicles reach 17,140 units, a climb of 99%, whilst CBU imported cars stood at 13,795 units, an increase of 177% compared to one month earlier. The opening three months of the year witnessed VAMA members selling a total of 70,952 cars, an annual rise of 36%, with passenger cars climbing by 34%. In addition, the sales of commercial and special purpose cars also witnessed respective increases of 43% and 17% compared to the same period from last year. According to the sales announcement given by VAMA, TC Motor, and VinFast, the local auto industry saw the consumption of 40,072 vehicles of all types in March. Most notably, Hyundai remained as the leader in terms of car sales among auto brands within the domestic market, with a total of 6,807 units sold, trailed by Toyota, Kia, Ford, Mazda, and Honda. Along with VAMA members, brands such as TC Motor, Audi, Jaguar, Mercedes-Benz Land Rover, Subaru, … [Read more...] about Domestic car sales record 127% surge in March
Expectations for Vietnam’s new path
Vietnam has emerged from a period of reshuffle as it confirmed the shape of its new government, tasked with leading the country out of coronavirus pandemic and improving on its economic performance despite global fluctuations of the past year or so. Key leaders, experts, and organisational heads discuss below the sustained progress so far in the economy, diplomacy, and more, while also looking ahead at the next few exciting years. Newly-elected Vietnamese leaders. Photo: VNA Ivo Sieber - Swiss Ambassador to Vietnam Vietnam’s remarkable progress combined with Switzerland’s long-term engagement has resulted in a partnership that makes me proud to look back on. Vietnamese-Swiss relations have developed strongly over the past 50 years. Over the past three decades, cooperation extended dynamically beyond the political and the multilateral sphere to technical and economic cooperation, trade and investment, and more. At the same time, trade … [Read more...] about Expectations for Vietnam’s new path