Vietnam's automobile industry sold nearly 16,150 units in September, up 29% against August and 65% on the same month of last year, according to Vietnam Automobile Manufacturers' Association (VAMA).
The Government's already-approved development strategy for the auto industry could help Vietnam meet domestic demand and join the world's production chain but specific policies must be in place to help the nation realize preset...
August marked the 17th month in a row of automobile sales growth, with 12,562 cars sold, a 59% year-on-year increase, according to the Vietnam Automobile Manufacturers' Association (VAMA).
The latest sales figures confirm that despite lingering market difficulties, sales of domestic automakers continue to grow with Toyota, Thaco and Ford outperforming foreign manufacturers in recent months.
Besra Group, the gold mining company operating at the Phuoc Son and Bong Mieu mines, will have its investment license revoked if it violates the law, Vietnamese economists have said.
Vietnam spent nearly US$500 million in the first half of 2014 to import 25,000 completely built units (CBU) cars, an increase of 44.
According to statistics from the automobile sector, in the first five months of the year, sales of imported cars increased by 75%.
Sales by members of the Vietnam Automobile Manufacturers' Association (VAMA) continued rising high last month with nearly 10,000 automobiles sold, the Saigon Times Daily reported.
Vietnam auto sales jumped 29% year-on-year as the auto industry sold more than 11,340 cars, trucks and multipurpose passenger vehicles in April, according to the Vietnam Automobile Manufacturers' Association (VAMA).
Local auto maker and assembler Truong Hai Auto Corporation (Thaco) has once again overtaken the long-time market leader Toyota Vietnam as the biggest sales achiever in the country.