Despite the stagnant local auto market, Vietnam Suzuki Corp., a subsidiary of the Japan Suzuki Motor Corporation Japan , broke ground for an automobile factory in southern Dong Nai province on April 25.
M-Class, a new sports utility vehicle model of Mercedes-Benz, will be launched in HCMC on April 24 at a price of VND3.44 billion per unit, including 10% value added tax (VAT).
Truong Hai Auto Joint Stock Co., or Thaco, has spent US$3.5 million taking over a 51 percent stake in the specialized vehicle manufacturing company Soosung of the Republic of Korea.
The Viet Nam Automobile Manufacturers' Association (VAMA) says it anticipates sales of its member companies to fall by 20 per cent this year as a result of high registration tax and many other fees.
Truong Hai Auto Joint Stock Co., or Thaco, has spent US$3.5 million taking over a 51% stake in the specialized vehicle manufacturing company Soosung of South Korea.
Euro Auto, the authorized dealer of BMW in Vietnam, is recalling 178 BMW 5- and 6-series cars in Vietnam for repair due to the problems with the battery-cable cover that was incorrectly installed.