The total number of automobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’s auto market in the past 20 years, the Vietnam Automobiles Manufacturers Association (VAMA) announced on January 11.
Hanoi (VNA) – The total number ofautomobiles sold in 2016 reached 304,427 units, the highest level recorded by Vietnam’sauto market in the past 20 years, the Vietnam Automobiles ManufacturersAssociation (VAMA) announced on January 11.
The figure is much higher than the previous records of244,914 units in 2015 and 160,000 vehicles in 2009.
According to VAMA, in December alone, the sales ofautomobiles in the domestic market were 33,925 units, up 17 percent fromNovember. Of which 23,565 vehicles were assembled locally and 9,730 wereimported.
The sales of locally-assembled vehicles upped 32percent in 2016, while the sales of imported ones increased by 5 percent.
The Truong Hai Auto Corporation (Thaco) accounted forthe largest market share of 41.5 percent with 112,847 vehicles sold in 2016.
꧙ Japan’s Toyota sold 57,036 units, making up 21 percentof the market share, while Ford Vietnam’s sales were 29,011, equivalent to 10.7percent of the market share.-VNA
More than 150 car models of 18 renowned brands will be put on show at the second Vietnam International Motor Show (VIMS 2016) in Ho Chi Minh City from October 26-30.
Vietnam’s automobile sales in September shot up 13 percent to 26,551 units against the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
More than 150 auto models of 16 brands are on display at the second Vietnam International Motor Show (VIMS 2016) that opened in Ho Chi Minh City on October 26.
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.
Illustrative image (Source: VNA)
