Hyundai leads in automobile sales in Vietnam last year - Illustrative image (Photo: topgear.com)
Hanoi (VNA) - Sales by members of the Vietnam AutomobileManufacturers’ Association (VAMA) fell 8 percent last year, to 296,634 units.
In December alone, 47,865 units were sold, up 31.6 percent month-on-month.Of these, 36,856 were passenger cars, up 28 percent; 10,673 were commercial vehicles,up 50 percent; and 336 were special-use vehicles, down 30 percent.
Sales of domestically-assembledvehicles stood at 29,382, up 25 percent, while 18,483 were imported cars, a month-on-monthincrease of 44 percent.
Analysts said the figures do not reflect overall consumption in the domestic automobilemarket as they exclude sales by manufacturers that are VAMA members, such asAudi, Jaguar, Land Rover, Mercedes-Benz, Subaru, Volkswagen, and Volvo.
The combined sales of TC Motor and VinFast, which are not VAMA members, reached 110,853units during the year. Combining the figures of VAMA, TC Motor and VinFast, 407,487 units were sold on the domestic market last year.
With 81,368 units sold, Hyundai from the Republic of Korea was the best-sellingbrand in Vietnam in 2020, followed by Toyota with 70,692, Kia 39,180, Mazda 32,224,VinFast 29,485, Mitsubishi 28,954, Ford 24,663, and Honda 24,418.
𓆉 Analyst Nguyen Tuan from the Thien Phuc An company said many carmakersmay extend their policy of cutting registration fees by 50 percent to maintain sales./.
TC Motor has said that it will halt vehicle production in the northern province of Ninh Binh from April 1 to 15 over concerns of the COVID-19 pandemic.
The Thanh Cong Group and Hyundai Motor on May 12 presented 10 ambulances worth 10 billion VND (429,000 USD) to medical clinics on the frontlines of the COVID-19 fight.
The Huyndai Vietnam Shipbuilding Co.Ltd based in the central province of Khanh Hoa built and handed over 119 oil carriers weighing 35,000 – 87,000 tonnes to clients, earning a revenue of nearly 4 billion USD since 2008.
Customers have scrambled to buy automobiles before the end of 2020 to enjoy the 50 percent reduction in registration fees, making the auto market more robust as compared to the situation at the outset of the year.
Sales of automobiles in November went up 9 percent against the previous month to 36,359 vehicles, according to Vietnam Automobile Manufacturers’ Association (VAMA) said on December 10.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
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.
Hyundai leads in automobile sales in Vietnam last year - Illustrative image (Photo: topgear.com) 
