Suzuki Motor Corp, one of Japan’s leading automobile and motorbike manufacturers said on November 16 that it will build a new automobile plant in Vietnam.
Automakers in the country are competing harshly with each other on the small-car market as this segment is contributing a large portion to their sales volumes given the rising trend in compact vehicle consumption in big cities.
The floods in Thailand have had big impacts on the industrial production bases in the country. Will Vietnam be able to catch the attention from automobile manufacturers in their plan to disperse natural risks?
It is hard for local car industry to attract more foreign investment even when Asia’s major car manufacturing base Thailand is hardly hit by ongoing drastic floods.
Vietnam Star Automobile, an authorized retailer of German automaker Mercedes-Benz in Vietnam, has been accused of selling an old model car at the price of a new model one.
The Ministry of Industry and Trade has sought the National Assembly (NA) for the green light to raise the car registration fees in Vietnam’s two biggest cities of Hanoi and Ho Chi Minh City to 20 percent to limit private vehicles
Vietnam Aircraft Leasing Co. (VALC) has leased an EC-155B1 helicopter to Northern Vietnam Helicopter Company, better known as VNH North, marking the country’s aircraft lessor’s business expansion to helicopters.
Statistics reveal that imports of cars into Vietnam have gone up by 15.1 percent in volume during 2011 and 16.5 percent in value as compared to the similar period in the previous year.
At least eight businesses have got the car import licenses. A lot of businesses are nearly completing necessary procedures, ready to carry cars to Vietnam. The car market is expected to heat up again after two years of quietness.