Bike market gets more hectic

Chi Thinh Yamaha Motor Vietnam (YMV) on Monday unveiled three new versions of Nouvo scooter including standard FI 2015, RC and GP with prices ranging from VND33.9 million to VND36 million a unit. YMV's survey showed that its Nouvo had a market share of 14% among sports scooters in Vietnam last year. YMV has set a target of becoming one of the top motorcycle makers of sports scooters. The launch of Nouvo FI 2015 equipped with global positioning system (GPS) aims to compete against Honda's … [Read more...]

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Automakers report surging demand

Toyota unveils its Corolla Altis 2014 model in Vietnam last month. The company has secured up to 1,400 orders only three weeks after it is launched on the local market - PHOTO: HUNG LE

Hung Le Toyota had earlier expected to sell 600 Corolla Altis 2014 units a month but has secured up to 1,400 orders only three weeks after this model was launched on the local market. … [Read more...]

September auto sales hit new high

Hung Le According to VAMA, September is the 18th month in a row monthly auto sales had been higher than in the previous years' same period. In previous months of the year, monthly auto sales averaged out at between 12,000 and 13,000 units. The numbers of vehicles assembled domestically and imported last month were 11,232 and 4,917 units, rising by 16% and 73% from August respectively. Sales of small cars were quite high with 10,511 units, rising 30% compared to 5,638 trucks sold in the … [Read more...]

Breakfast @ Tuoi Tre News – October 10

Enjoy your breakfast while reading this summary of important news items: Politics -- Vietnam has always considered fostering the comprehensive relationship with Japan one of its top priorities, the Vietnam News Agency quoted Vietnamese Deputy Prime Minister Nguyen Xuan Phuc as saying Thursday during meetings with President of the House of Councillors Yamazaki Masaaki and Speaker of the House of Representatives of Japan Ibuki Bunmei in the East Asian country. -- Russia regards Vietnam as a … [Read more...]

Honda Vietnam recalls Civic and CR-V vehicles

Le Hoang According to the automaker, the partition of the driver-side air bags of those units has been wrongly installed, which may cause those bags to malfunction upon collisions. So far, Honda has not received any complaints from customers around the world regarding this defect, and the company after a test has concluded that the error does not affect the operation of the vehicles. However, Honda Vietnam decided to proceed with the check and replacement of air bags for Honda Civic … [Read more...]

ASEAN-made car imports to VN rise sharply over tax cut

Members of the Vietnam Automobile Manufacturer Association (VAMA) have enjoyed steady sales growth in the 17-month period ending in August, but this is not good news for local car assemblers. Sales of domestically assembled cars in the 17 months only rose 27%, while imported cars posted a 66% growth in the same period, according to the VAMA. Such a huge disparity was also recorded in separate months, the association added. In July, the growth of imported cars was 62%, compared to 24% for … [Read more...]

Over 500 orders for Honda City secured after debut

Promotion girls pose next to new Honda City cars at a launch function in Hanoi - Photo: Hung Le

Hung Le The fourth generation version of Honda City is assembled in Vietnam with components imported from Japan, Thailand and other countries in the ASEAN region. … [Read more...]

HVN organize safety driving training for students

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Honda Vietnam, in coordination with the National Traffic Safety Committee and the Ministry of Education and Training, has organized a training session on traffic law and skills for 12th-grade students. On August 9th, 2014, a training session on traffic law and skills for 12th-grade students has been organized in Da Nang for over 300 students from Phan Chu Trinh high school, Da Nang city. … [Read more...]

Automakers drum up sales promotions

Customers inspect a car at an auto fair in HCMC. The local auto market is forecast to retreat in August but rebound in the final months of this year - Photo: Quoc Hung

Hung Le Automakers said many people see the month of wandering souls as bad for buying things, especially those of high value such as cars and homes. This is why automobile manufacturers and assemblers have to carry out promotions to attract customers. … [Read more...]

Vinh Phuc- a boon to foreign investment

Ground breaking ceremony of Suzukaku Vietnam factory in Vinh Phuc on March 19  Honda Vietnam factory in Vinh Phuc

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Motorcycle market needs to be revived

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The Hanoitimes - While motorcycle dealers bemoan the slowest sales in a decade, manufacturers are busy, introducing new models in the hope of triggering a revival. Japanese-funded Honda Vietnam seems to be the busiest motorcycle manufacturer, marketing four new models and face-lifts including PCX 125 and Wave 110 RSX Fi in January, Air Blade in March and Future in June. Honda's compatriot, Yamaha Vietnam, followed with the all new Nozza Grande scooter, which was introduced earlier this … [Read more...]

Auto sales stay strong in May

A Toyota Fortuner is seen on the street. Toyota has lost its first position in the local auto market to Thaco for four months on end - Photo: Le Hoang

Sales of members of the Vietnam Automobile Manufacturers' Association (VAMA) continued rising high last month with nearly 10,000 automobiles sold. VAMA has yet to release the official figure. However, according to statistics of VAMA members, they sold around 9,850 autos in total last month, up by nearly 1,650 units year on year and roughly equivalent to the figure recorded in April. … [Read more...]

HVN to summarize 2014 and organize a business plan for 2015

HVN has achieved many success in 2014

Honda Vietnam (HVN) has held a closing ceremony for the 2014 business year and prepared a business development plan for 2015. The 2014 business year ended in instability with several difficulties for the automobile and motorcycle market in general and for HVN in particular. Nevertheless, with endless efforts, HVN has achieved many success and also contributed greatly in many social activities, thus bringing joy and happiness for many while at the same time completing the goal of becoming a … [Read more...]

Vietnam’s motorbike retailers throw up hands as manufacturers knuckle down

Men work on the assembly line at a Piaggio scooter and motorcycle factory in Vinh Phuc Province, outside Hanoi. Photo credit: Reuters

While motorbike producers in Vietnam are raising production and introducing new models, retailers say they've lost patience and want out. A man from the northern province of Hung Yen just sold his Honda showroom in Hanoi to a new owner, one year after he took it over and spent VND7 billion (US$331,400) upgrading it, news website VietNamNet reported. Another shop in the capital's Thanh Xuan District changed hands three times, while many bike dealerships have failed to find investors and feel … [Read more...]

Honda Vietnam to launch 10 new motorbike models

(VOV) - Honda Vietnam has announced that it will launch ten new motorbike models in fiscal year ending March 2015, aiming to turn Vietnam into the "hub" of the motorbike world. The company unveiled that it aims to sell two million motorbikes during the year increasing its sales volume to US$247 million, up 166% over the prior year. It also plans to expand exports to over 22 nations in the world. The company said that domestic motorbike sales are forecast at 2.71 million, down 13% over last … [Read more...]

Honda Vietnam continued to co-operate with VFF

HVN representative to join hand with VFF, coaches and players

This morning (May 10th), Honda Vietnam has held a formal press conference in HCM city to extend its contract as the Vietnam Football Federation's (VFF) main sponsor for the 2nd consecutive time. On april 4th, 2013, Honda Vietnam (HVN) has officially become the main sponsor for VFF, the male and female football teams as well as the U23 team. This year saw no difference as HVN continued to accompany the national sport while at the same time announced the project "Gift for Dreams" for football … [Read more...]

Honda signs sponsorship deal with Vietnamese Football Federation

HA NOI (VNS) — Honda Vietnam will continue to support Viet Nam football after signing a sponsor contract with the Viet Nam Football Federation on Saturday in HCM City. Following the agreement, the value of which was kept secret, the Japanese firm will sponsor both men's and women's national teams and the U23 men's squad, in one year beginning from this April. Honda said if the Vietnamese women win a berth in the final round of the World Cup 2015, while the men take the AFF Cup title, each … [Read more...]

Toshiya Miura coaches national football team

Toshiya Miura (R) made his debut in HCM City on May 10

(VOV) - Toshiya Miura of Japan penned a two-year contract with the Vietnam Football Federation (VFF) at a ceremony in HCM City on May 10 to coach the national football squad and the national Olympic team. Japanese coach to lead Vietnam's U23 squad Takeshia Okada likely to coach Vietnam team Born in 1963, Miura began his coaching career at Vegalta Sendai of the J-League in 1997 and then five other J-League clubs. He had led Japanese clubs to play more than 100 games at … [Read more...]

Motorbike manufacturers still set hope on VN market

More and more motorbike manufacturers have come to Vietnam. More and more motorbike models have been marketed. However, many products have been unsold, while the market is believed to be reaching a saturation point. According to a report published by the English language news website VietNamNet Bridge on April 15, motorbike dealers are complaining that they incurred big losses in 2013, and cannot see any improvement in 2014. A senior executive of Savico, a general service company, said … [Read more...]

Sale declines, motorbike manufacturers still set hope on VN market

Motorbike dealers are complaining that they incurred big losses in 2013, and cannot see any improvement in 2014.

VietNamNet Bridge - More and more motorbike manufacturers have come to Vietnam. More and more motorbike models have been marketed. However, many products have been unsold, while the market is believed to be reaching a saturation point. Motorbikes left unsold A senior executive of Savico, a general service company, said while the automobile market witnessed a strong recovery in 2013, with a growth rate of over 20 percent, the motorbike market experienced a very tough year. Due to a sharp … [Read more...]