VinFast has just debuted images of exterior design of its first two car models, which fuels the hope that Vietnam will soon have made-in-Vietnam cars not only targeted to domestic market but also exported to international markets.
The Vietnamese automobile market is said not to be really stable because of negative impacts incurred by requirements of Decree No.116/2017/ND-CP, threatening security of thousands of jobs.
Truong Hai Automobile, a local automobile manufacturer, continued to lead the Vietnam automobile market in April 2018 with its sales being over twice the figure for Toyota Vietnam.
Before an ever-rising pressure of duty at 0% on completely built cars imported from ASEAN nations, which is scheduled to be applicable in next year, many local automobile firms are launching a series of price reduction strategies on locally produced products. TheLEADER's reporter Vu Long interviewed Mr. Pham Anh Tuan, head of the Vietnam Automobile Manufacturers' Association (VAMA)'s Policy Subcommittee on a scenario for Vietnam's automobile industry.
The auto market in Viet Nam is becoming more competitive when car firms drop prices to promote consumption in the context of ASEAN’s new tariff cut and the government’s tax policy changes.
Truong Hai Auto Corporation (Truong Hai Auto) continues to take the lead of Vietnam automobile market with the sales of 32,000 vehicles, accounting for nearly 40% of the market share.
Contrary to all predictions, automobile manufacturers have set modest targets for this year’s business plans. After a two-year boom, the automobile market is expected to be more quiet in 2017.
