Contrary to all predictions that cars would sell more slowly due to higher sale prices caused by the dong devaluation, and the high inflation rate, cars still have been selling very well.
The World Bank (WB) said on Wednesday it was willing to supply US$300 million for HCMC to develop the bus rapid transit system within the next few years under the framework of a green transport development project.
Car sales in Vietnam last month dropped to 7,889 units, down 21 percent from January, the Vietnam Automobile Manufacturers' Association said on Wednesday.
Toyota Motor Vietnam (TMV) and the Institute of Ecological Economy (EcoEco) last week launched the project “Toyota-EcoEco tropical forest model - restoring 30 hectares of tropical forest on hilly Soc Son and reshaping Giong Temple’s landscape, Hanoi”.
Mercedes-Benz Vietnam, together with its authorized dealer Vietnam Star HCMC, on Wednesday handed over five E-Class Mercedes cars to the Sofitel Saigon Plaza as the five-star hotel seeks to upgrade its limousine fleet.
A week after A92 petrol prices increased by VND2,900 per liter, most taxi companies nationwide have applied new fare rates, with an increase of VND1,000-1,500 per km from the old rates.
In February, 2011, the volume of CBU (completely built units) automobiles imported in Vietnam reached 4,500 units, worth USD 76 million, reported the General Statistics Office (GSO).