The Ministry of Finance (MOF) is planning to sharply cut the import tariffs on trucks to be imported under the mode of complete built units (CBU) as of January 1, 2011. If the plan becomes true, this will stifle the domestic automobile industry.
Ford’s ASEAN President Peter Fleet, on one hand, said Vietnam has great potentials to develop automobile industry, but on the other hand, he added that big problems still exist, thus hindering large investments in Vietnam.
Sales of locally assembled automobiles in Vietnam fell 17% year-on-year to more than 9,140 units in September, although it was up nearly 500 units from August, the Vietnam Automobile Manufacturers’ Association (VAMA) said.
The three brand names of cars that Hanoi’s financial millionaires most favour are Rolls-Royce, Maybach and Bentley, according to local newspaper VnExpress.
Honda ranks highest in sales satisfaction in Vietnam for the second consecutive year, according to the J.D. Power Asia Pacific after a 2010 Vietnam Sales Satisfaction Index Study released on October 1.
After Vinashin Motor launched Diamond Blue, a new scooter, Piaggio and Honda Vietnam implied that the model ‘has problems.’ However, the two manufacturers have not officially sued Vinashin Motor yet.
Rundown buses and faciliites as well as bad service is seeing public transportation deteriorate in Ho Chi Minh City despite increasing subsidies, the Saigon Tiep Thi reports.
Viet Nam Daewoo Bus Co Ltd held a ceremony on Tuesday to introduce and offer customers the luxury FX 120 passenger car at Khai Quang Industrial Zone in the northern province of Vinh Phuc.