A motorbike production line of Honda Vietnam in Vinh Phuc province (Photo: VNA)
Hanoi (VNA) - Honda Vietnam reported a 10percent month-on-month fall in the sale of motorbikes in August but a 38percent rise in automobile sales.
It sold 176,116 motorbikesduring the month, a year-on-year decline of 17 percent.
The best-sellingmodel was the Wave Alpha, with 39,906 units sold, or 23 percent of its total.The Vision was the most popular scooter, with sales of 54,393 units, or 31percent.
In the 2021 fiscalyear, which is from April 2020 to March 2021, 788,958 Honda motorbikes weresold to date, down 23 percent year on year.
The company alsoexported 13,472 motorbikes to various markets during August.
Conversely, thejoint venture delivered 1,634 automobiles in the month, up 38 percent againstJuly.
The CR-V was thehottest domestically-assembled model, with 495 units sold, or 57 percent of itstotal sales in August. Meanwhile, the Honda City, anotherdomestically-assembled model, saw 459 units sold, or 28 percent.
In the 2021 fiscalyear, Honda has sold 9,560 automobiles of all kinds to date, representing afall of 23 percent over the previous financial year./.
Motorcycle and automobile sales by Honda Vietnam rocketed up 193 percent and 222 percent month-on-month, respectively, in May, following a nosedive of 72 percent in April due to COVID-19.
The Vietnam Association of Motorcycle Manufacturers (VAMM) has said its five members, namely Honda, Piaggio, Suzuki, SYM, and Yamaha, sold 518,920 motorbikes in the second quarter of 2020, a year-on-year drop of 30.77 percent.
Several automakers are considering assembling their best-selling models in Vietnam due to the Government’s policy of zero import tariffs on components and a 50 percent reduction in registration fees.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
A motorbike production line of Honda Vietnam in Vinh Phuc province (Photo: VNA) 
