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Toyota anxious about state divestment at VEAM

When the state ownership ratio diminishes, Toyota’s rivals will likely acquire VEAM stocks, creating a conflict of interest with the Japanese automaker.

VEAM's stock hikes thanks to profits of Honda, Toyota and Ford joint ventures

Viet Nam Engine and Agricultural Machinery Corporation, one of the largest companies in the field of engineering, machinery manufacturing, truck assembly and manufacturing has attained strong profits, mainly attributed to successes of its joint ventures with Honda, Toyota and Ford car makers.

Toyota surpasses Thaco to get largest slice of Vietnam car market

After a long time lagging behind Thaco, Toyota has been accelerating its sales on the market for several months and officially surpassed the domestic assembler to reach a 30 per cent of market share in October 2018.

Back in the race, Toyota Fortuner listed among top five best sellers

Toyota's market share rose to nearly 25 percent in August after ranging around only 21 percent for months.

No Fortuner sold, sales of Toyota plummet

The total number of imported automobiles handed over to customers reduced by up to 45 per cent in the first seven months of this year, compared to the same period of last year.

Vinh Phuc province facing challenges in leasing land to Toyota for factory expansion

The Government Office has sent a document asking for seven ministries’ opinions on the settlement of problems in the lease of land for the expansion of Toyota’s project in Vinh Phuc province.

Scarcity of duty-free import cars remains despite surpassing harness straps

In spite of overcoming tightened harness straps of pollution emission and customs inspection specified in Decree No. 116, the number of duty-free cars imported from ASEAN remains still very limited, causing Vietnamese buyers unable to buy low-cost car in this month as expected.

Sales of Thaco increased twofold Toyota Vietnam's in April

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.

Toyota reveals its first import batch of 1,000 cars enjoying zero percent under AFTA

According to a representative of Toyota Vietnam, its first batch of duty-free cars could not reach Vietnam until this June.

“New barrier” on automobile import

The Government’s Decree No. 116/2017/ND-CP which came in full force and effect on January 01, 2018, is viewed as a “new barrier" to protect domestic automobile industry from the automobiles imported from ASEAN entitled to a zero per cent tariff, according to automobile importers and exporters.

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