Chủ đề: auto

Indonesia has recently become a major supplier of motor vehicles to Vietnam. Imports from the country in September rose 66.4 per cent compared to August, according to the General Department of Vietnam Customs.

September sales increase significantly against August but down 50 per cent against September 2020.

The fourth outbreak of Covid-19 dragged down sales in Vietnam’s auto market to a six-year low in August.

Demand for motor cars in Vietnam fell 32 per cent in July compared to June. This is the fourth consecutive month sales have declined, in both imported and locally-assembled vehicles. It is forecast that demand may fall even further in the time to come.

The Ministry of Finance (MoF) proposes that the first-time registration fee for electric cars is only 50 per cent of that of conventional cars to stimulate the consumption. In Vietnam, the number of electric cars is quite modest, the whole country has only one enterprise producing battery electric cars - VinFast, with a production and assembly capacity of 250,000 vehicles per year.

As of the end of 2020, Vietnam had more than 40 enterprises engaged in the production and assembly of motor vehicles, some of which have actively participated in global automobile production chains. The country’s total assembly capacity is 755,000 vehicles a year, of which the foreign-invested sector accounts for 35 per cent and local enterprises 65 per cent.