Motorbike makers in Vietnam produced 384,800 motorbikes last month, a year-on-year increase of 11.3 percent, fuelled by discounts of retail prices, statistics released yesterday showed.
Russian Helicopters, one of the world's largest helicopter manufacturers, is coming to the Singapore Air Show shortly after the opening of a representative office in Hanoi, Vietnam, as it beefs up its presence in the region.
Vietnam imported 3,000 complete built unit (CBU) automobiles worth 45 million USD last month, a 49.8 percent drop in volume and a 55.1 percent fall in value from January 2011, according to the General Statistics Office (GS0).
Despite the noisy sales promotion campaigns, the automobile market still keeps gloomy. Big automobile manufacturers have said they are considering scaling down the production.
Analysts believe that with the new strict regulations on the import procedures, the automobile market in 2012 would have no room for unofficial car imports, while the market would witness the establishment of massive official authorized dealers.