Foreign bicycle manufacturers often bring their products to Vietnam before exporting them to EU markets to evade anti-dumping tariffs, says the Vietnam Competition Authority (VCA).
The International Finance Corporation (IFC) has provided a 45 million EUR loan to help the Italy-based Piaggio Group to expand its production in Vietnam and India.
The output of domestically-produced automobiles and motorbikes increased by 23.7 and 21.8 per cent, respectively, during the first seven months of the year, reported the Ministry of Industry and Trade.
Two public transport buses that have been on a trial run on compressed natural gas in HCM City since May will continue to operate after the gas supplier reversed a decision to stop supplying fuel due to losses.
Not everyone has enough money to purchase a brand new car. Some consumers also want a used car to practice driving before they buy a new one. All this explains why the used car market has developed so strongly.
Import turnover of completely built up (CBU) cars of all kinds in July 2010 is more likely to fall further compared to the previous month and the same period of last year.
Vietnam's automobile sales in the first half of this year went up 5 percent year-on-year to 50,278 units, said a report of Vietnam's Automobile Manufacturers' Association (VAMA) on Friday.
With the import of luxury cars rising relentlessly in recent years, auto industry experts hail Viet Nam as a highly promising market for such vehicles.