Even though car dealers have been trying to launch promotional campaigns to stimulate demand, auto sales have been going very slowly throughout the country.
The southern bourse listed - Hang Xanh Motors Service JSC (HAXACO- coded HAX) gained 536.3 billion dong in net revenue, 14.44 billion in pre tax profit and 9.8 billion in after tax profit in first seven months of this year.
Since its introduction in August 2006, Honda Civic has been well received by customers in Vietnam. With its outstanding design, advanced features, high quality and safety, Honda Civic is now one of the best choices as new benchmark in sedan segment for customers.
The Competition Council under the Ministry of Industry and Trade has fined 19 insurance companies for violating the Competition Law by colluding with each other to increase insurance fees for motor vehicles.
Authorities have asked bicycle manufacturers to avoid involvement in fraudulent trade deals that might end up with the European Union imposing punitive measures on Vietnamese bikes again.
The Vietnam Chamber of Commerce and Industry (VCCI) has sent a document coded 1999 to the Ministry of Finance to request a reconsideration of tariff rates on vans to ensure fairness for both importers and manufacturers in the country.
The cars idle at the starting line of an empty airfield that seems primed for racing. The engines start. And one by one, they take off — but with a steady glide rather than a screech of tires.
Ministry of Finance has just proposed to Ministry of Police and Ministry of Transport that when registering imported automobile and motorbike, it may not require declaration of origin in dossier for operation registration.