Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 23,800 vehicles in June, up 15% from the previous month, VAMA announced on July 12.
Automobile sales of members of the Vietnam Automobile Manufacturers Association increase by 15% from the previous month. (Photo: VNA)
Hanoi (VNA)ꦕ – Members of the Vietnam AutomobileManufacturers Association (VAMA) sold 23,800 vehicles in June, up 15% from theprevious month, VAMA announced on July 12.
Of the sold vehicles, there were 17,334 passenger cars,up 20%; 6,344 commercial vehicles, up 4%; and 122 special-use vehicles, a dropof 17% compared to the previous month. In terms of vehicle origins, the sales ofdomestically-assembled automobiles reached 15,488 units, up 28%, while the number ofimported completely built-up (CBU) ones was 8,312, down 4% from theprevious month. In the first six months of 2023, VAMA members sold atotal of 137,327 units, down 32% compared to the same period last year with thesales of passenger cars, commercial vehicles, and special-use vehicles droppingby 37%, 11%, and 65%, respectively. According to experts, besides sales by VAMA memberunits, the Vietnamese auto market also includes other automakers such as Audi,Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen, and Volvo, butthey do not disclose business results. Meanwhile, Thanh Cong Group (TC Group) on July 12announced its sales of 5,108 Hyundai automobiles in June, which brought its six-month sale to28,011 units.
VinFast VF7 (Photo: VNA)
In addition, VinFast reported that it handed 2,660 electriccars over to customers in June. So, in the first half of this year, VinFast delivered 11,143units. According to experts, as the Government approved thereduction of 50% of the registration fee for new cars manufactured andassembled in Vietnam from July 1 (corresponding to a reduction of 5% - 6% ofthe price with fees/taxes being included), it is forecast that the Vietnameseauto market will prosper in the coming months./.
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds in May, a decrease of 8% compared with the previous month.
Cars will enjoy a 50% cut in registration fees from July 1 after Deputy Prime Minister Le Minh Khai on Ju ne 28 signed a decree on registration fee reduction for domestically manufactured and assembled automobiles.
The Industry Agency under the Ministry of Industry and Trade and Toyota Motor Vietnam signed on July 4 a memorandum of understanding on a cooperation project to help domestic businesses in the automobile supporting industry improve their capacity and enhance the connectivity between them and car assemblers.
Despite poor results in the first quarter of 2023, auto stocks are still expected to perform well on supportive policies, including interest rate cuts and a 50% reduction in automobile registration fees.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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&.
Automobile sales of members of the Vietnam Automobile Manufacturers Association increase by 15% from the previous month. (Photo: VNA) 
VinFast VF7 (Photo: VNA) 
