Toyota Vietnam has temporarily shut down plant in Vinh Phuc province since March 30 due to coronavirus pandemic.
When the state ownership ratio diminishes, Toyota’s rivals will likely acquire VEAM stocks, creating a conflict of interest with the Japanese automaker.
VinFast will launch new Premium cars to the market by 2020 with a special competitive price policy covering all four segments A, B, C and D.
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.
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.
Toyota's market share rose to nearly 25 percent in August after ranging around only 21 percent for months.
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.
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.
Eight leading multinational enterprises including Bosch, Canon, Datalogic, Denso, Ford, General Electric, Panasonic, and Toyota have joined a program supporting 45 Vietnamese businesses to get the chance of becoming their suppliers.
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.
According to a representative of Toyota Vietnam, its first batch of duty-free cars could not reach Vietnam until this June.
According to Toru Kinoshita, chairman of Vietnam Automobile Manufacturers' Association (VAMA) cum president of Toyota Motor Vietnam, under the impact of some conditions regulated in Decree 116, auto companies may face difficulties and have to postpone Complete Built Up (CBU) importation.
A series of cars in the Vietnam market such as Chevrolet Vietnam, Truong Hai (THACO) and Toyota are offering discounts.
The Vietnam Competition Authority announced a recall program for check, repair and replacement of air pump packs of front passenger airbags on the Toyota Vios and Toyota Yaris.
