Truong Hai Auto JSC (THACO) launched a Hyundai branded truck to the market from the Tam Hiep Industrial Zone in the central province of Quang Nam on May 16, making it the first of its kind ever made in Vietnam.
The Ministry of Industry and Trade, in an unexpected move, has announced a new rule requiring car importers to show proof that they are authorized dealers of the foreign carmakers they buy from.
The Viet Nam Association of Financial Investors (VAFI) is proposing that the Government impose a new tax on automobiles and motorbikes in order to reduce traffic congestion as well as the nation’s trade deficit.
The Vietnam Register (VR) and inspectors of the Ministry of Transport have found out from an inspection on technical safety and environment protection, that 30 percent of cars in circulation do not meet emission standards.
The Republic of Korea is overwhelming Vietnam’s automobile market when it accounted for 41.2 percent of imports the latter made in the first four months of this year.
After Toyota Vietnam has recalled nearly 66,000 cars suffering from technical faults recently, a senior official said the actual number could be much higher and that Vietnamese authorities are considering fining the Japanese carmaker.
Toyota Motor Vietnam (TMV), having announced to slash production to 30% of its normal output between April 25 and June 3, said on Wednesday it would gradually recover production from June 6 as spare parts supply will be back to normal then.
Truong Hai Automobile Joint Stock Co., or Thaco Group, continued to lead the local auto market in April, the second straight month it stayed on top in terms of sales after overtaking Toyota Motor Vietnam in March.