VAMA reported on September 13 that of the total, the sale of passenger and special-purpose vehicles expanded by 9% and 21%, respectively; while that of commercial vehicles saw a decrease of 20% compared to the previous month.

The Vietnamese carmaker VinFast sold 18,052 vehicles during the January – August period.

Insiders said the 247% surge was understandable because this time last year saw many provinces and cities implementing social distancing to help control the Covid-19 epidemic.

During the January – August period, VAMA's members sold a total of 262,940 vehicles, up 50% year-on-year.

Among the non-VAMA members who unveiled their sales, TC Motor supplied 5,449 units to the market in August, lifting its total sale in the first eight months of this year to 47,638. Meanwhile, VinFast sold 18,052 automobiles during the January – August period.

As per data from VAMA, TC Group, and Vinfast, Toyota Vietnam topped the list of sellers in August with 6,796 units. It was followed by Hyundai, Kia Vietnam, Mitsubishi Vietnam, Mazda, and VinFast, with 5,449; 4,404; 4,039; 3,090; and 2,137 units, respectively.

Vingroup plans US IPO for car unit Vinfast

Vingroup will transfer all its stakes in VinFast Vietnam to its affiliate in Singapore as part of preparations for the automaker’s initial public offering (IPO) in the U.S.

Magnetic stripe cards to remain valid after December 31

The State Bank of Vietnam issued a decision on November 30 stating that domestic bank cards with magnetic stripes will remain valid for normal use after December 31, 2021.

Car demand up following news of registration fee cut

Car dealers have seen the number of customers triple after a 50 percent registration fee discount for locally assembled cars was announced last week.

Car registration fee cut by half again

A government decree has cut registration fees for locally made cars by 50 percent for six months starting December 1.

VinFast launches two electric cars in US

Vietnamese automobile manufacturer VinFast officially launched its global electric vehicle brand and two electric SUV models, the VF e35 and VF e36, at the 2021 Los Angeles Auto Show on the morning of November 18 (Vietnam time), marking VinFast’s entry into the US market.

Source: NDO