“Human Resource- A Key to Success”

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This affirmation is made by Mr Nguyen Van Toan, Chairman and CEO of Dung Lac International Trade JSC. This is a core value of the company to overcome difficulties and build its brand name 17 years after establishment and 4 years since becoming the authorised agent of Hyundai Thanh Cong Vietnam (HTC) in Nghe An. The precursor of the Dung Lac International Trade JSC and the authorized agent of Hyundai Vinh is Dung Lac Trade and Service Ltd.,Co, which was founded as an auto repair shop on June 16, 1996. With the growth of the company, recognised by customers, in 2008, Hyundai Vinh JSC, and then known as Dung Lac International Trade JSC, was established. After 17 years of establishment and development, experiencing many difficulties and challenges, the company has consolidated its position and gained its reputation in the automotive market in Nghe An. With the philosophy of "Hyundai Vinh - Your Confidence on the Roads", the company has continued investing in new technology, modern … [Read more...]

Thousands of Imported Cars Stuck at Ports

The Border Customs Office of Cai Mep Port under Ba Ria - Vung Tau province said as many as 1,700 automobiles are being parked at Cai Mep Port. The vehicles were imported by Hyundai - Thanh Cong Company in March 2012 but remained unsold. Other companies in Ninh Binh, Haiphong and Hanoi are stockpiling over 1,000 cars because of slow sales. Growing inventories are burdening car companies across the nation. According to the Vietnam Automobile Manufacturers Association (VAMA), car sales sharply dropped this year. Thinh Hien … [Read more...]

Authorized automobile importers puzzled with new regulations

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VietNamNet Bridge - The newly-issued Circular 20, which is thought to kill private car dealers and bring benefits to authorized automobile importers, turns out to be not welcomed by the authorized importers. Right after the Circular 20 was issued, private car dealers voiced their concern that they would have to shut down business because of the overly complicated procedures. If so, the car market would be dominated by authorized importers, who would control the market and raise the prices to the levels they want. … [Read more...]

Mid-Autumn Festival for patients

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Hyundai Thanh Cong Vietnam, the National Institute of Hematology and Blood Transfusion and National Hospital of Acupuncture hosted events to present gifts to around 500 patients during the Mid-Autumn Festival. On September 17, Hyundai Thanh Cong Vietnam were present at the National Institute of Hematology and Blood Transfusion and the National Hospital of Acupuncture to organise the "Mid-Autumn Festival for children" contributed to the patients at two national hospitals with the intention to bring joy and to relieve the pain of their illness. 466 gifts were given to the patients there. This is the second year Hyundai Thanh Cong has coordinated with National Hospital of Acupuncture to organide the "Mid-Autumn Festival for children" event. On the same day, Hyundai Thanh Cong's staff also went the National Institute of Hematology and Blood Transfusion to continue their volunteer programmes. Source vir.com.vn … [Read more...]

Hyundai Thanh Cong Vietnam Auto JSC

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For many years, Hyundai Thanh Cong Vietnam Auto Joint-Stock Company has been well known nationwide in the field of manufacturing and assembling modern motorcars of Hyundai Motor Company, the largest car manufacturer in South Korea Established in June 2009, Hyundai Thanh Cong Vietnam Auto JSC has become the official distributor of tourist, commercial and sports motorcars of the Hyundai Motor Company in Vietnam. Inside the manufacturing plant of Hyundai Thanh Cong Vietnam Auto JSC in Ninh Binh Province. Story: Ngan Ha - Photo: Cong Dat … [Read more...]

8 businesses got car import licenses, more cars arriving

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At least eight businesses have got the car import licenses. A lot of businesses are nearly completing necessary procedures, ready to carry cars to Vietnam. The car market is expected to heat up again after two years of quietness. The Hai Phong Customs Agency has sent to the General Department of Customs and the Ministry of Industry and Trade (MOIT) the list of eight enterprises which can meet the requirements set up by MOIT in the Circular 20. Prior to that, the legal document was thought to kill a lot of car dealers, because the circular requires importers to show the documents which they would never be able to obtain, especially the manufacturers' import procuration. The 8 enterprises include five importers that import products from production bases of the same groups, and three trade companies. Toyota Motor Vietnam has been authorized by Toyota Motor Corporation to distribute Toyota Landcruiser Prado and Landcruiser models until March 30, 2014. Meanwhile, Toyota Vietnam … [Read more...]

Dong fall sends car prices up

Vietnam Daewoo Motor Co. (Vidamco) and Ford Vietnam announced on Thursday to adjust up their prices following the shocking dong devaluation, two days after Toyota Vietnam as the market leader marked up their products. The State Bank of Vietnam (SBV) last week devalued the local currency by 9.3%. Vidamco has introduced higher prices of most of GM Daewoo auto brands including Spark, Gentra, Lacetii, Cruze, Vivant and Captiva. The highest price increase of over VND53 million goes to Captiva LTZ that now sells for VND792 million per unit, while GM Daewoo Spark Van has the smallest price hike, at over VND14 million per unit, which sends its price rising to VND213 million. … [Read more...]

Hyundai opens agency, launches car

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HCMC - Hyundai Ben Thanh, a dealer of the South Korean automaker's distributor Hyundai Thanh Cong Vietnam Auto Company, on Wednesday opened a 3S-standard showroom in District 4 in HCMC. The 1,500-square-meter showroom at 360D Ben Van Don Street meets Hyundai's standards for sales, services and spare parts. This is the 20th dealer of Hyundai Thanh Cong Vietnam Auto Company and the biggest showroom of Hyundai in the downtown. Visitors view a Hyundai Genesis at the Hyundai Ben Thanh Showroom in HCMC on Wednesday - Photo: Quoc Hung … [Read more...]

Hyundai opens 3S agency in Can Tho

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HCMC - Saigon Can Tho Auto Joint Stock Co., a dealer of the Korean automaker's distributor Hyundai Thanh Cong Vietnam Auto Company, has opened a 3S-standard showroom in the Mekong Delta city of Can Tho. The showroom covering 5,000 square meters on Cach Mang Thang Tam Street, 2km from the city downtown, meets Hyundai's standards for sales, services and spare parts. This is the 16th dealer of Hyundai Thanh Cong Vietnam Auto Company, and the biggest showroom of Hyundai in the Mekong Delta. A model poses next to a Hyundai car at the new showroom in Can Tho City - Photo: Viet Anh … [Read more...]

Hyundai Thanh Cong Vietnam to have a new auto factory

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The Thanh Cong Group's Hyundai Thanh Cong Vietnam Joint Stock Company, an importer of Hyundai compact cars, has completed the construction of an auto factory in the northern province of Ninh Binh. Located on an area of 68 hectares in the Gian Khau Industrial Zone, in Gia Vien District, Ninh Binh Province, the plant was built at a cost of US$80 million, said Nguyen Minh Phu, Hyundai Thanh Cong Vietnam's Deputy General Director, at an opening ceremony for the Vietnam Auto Expo 2010 in Ho Chi Minh City on October 21 st. Expected to be put into full operation by late December this year to make around 80,000 cars of all kinds per year, Hyundai Thanh Cong Ninh Binh will be capable of assembling Hyundai cars and other brand names of the world, as part of its plan to phase out the import of CBU (Completed-Built-Unit) cars. Hyundai Thanh Cong has developed its distribution channel with the Hyundai Global Standards, and has planned to bring its total number of 3S agencies to 24 nationwide … [Read more...]

Hyundai opens 3S agency in city

HCMC - Through the exclusive distributor of Hyundai Thanh Cong Vietnam Auto JSC, the Korean automaker of Hyundai has recognized Tien Phong Auto Co. Ltd. as the first agency in the southern region that meets its 3S standards on sales, services and spare parts. Speaking at the inauguration ceremony of the showroom and maintenance workshop at 66 Pho Quang Street in Tan Binh District, director of Tien Phong Auto Nguyen Thi Phong Lan said she expected the company to sell about 360 imported cars this year. A model poses besides a luxurious Hyundai sedan showcased at the Tien Phong Auto showroom - Photo: Kinh Luan Talking to the Daily, Tran Hai Nam, CEO of Hyundai Thanh Cong Vietnam Auto Co., revealed that the Korean automaker would have an assembling factory in Gian Khau Industrial Complex in northern Ninh Binh Province. Located on a 64-hectare area, this factory will assemble cars, and the first units will come onto the local market in June or July this year, he said. … [Read more...]

Luxury car makers foresee good signs in 2013

The car sales in 2008-2012 and the estimates in 2013

VietNamNet Bridge - Luxury car brand owners have been trying to expand their distribution networks in Vietnam, which means that they believe in the prosperity of the market in 2013. Meanwhile, domestic manufacturers believe that "after the rain in 2012 comes, the fine weather in 2013". A news showroom of Audi's products has been inaugurated on Pham Hung road which is near My Dinh, An Khanh, The Manor and Keangnam, the high grade residential quarters in Hanoi. The business premises on the advantageous position would provide the outstanding opportunities to advertise Audi's products. With the total investment capital of two million dollars, the new showroom of Audi is capable to display 12 car models at the same times. There are also seven specific car repair areas to satisfy the increasingly high demand. The representative of Audi said the percentage of Vietnamese possessing cars remains modest, which means great opportunities have been left for car manufacturers to exploit. … [Read more...]

Many new cars, concept vehicles at motor show

Mercedes-Benz S500 is displayed at the Vietnam Motor Show 2013 - Photo: Quoc Hung

Hung Le With the message 'Together to Success', the Vietnam Motor Show 2013 has the participation of 15 auto trademarks. Among these, Ford, GM, Honda, Mercedes-Benz, Toyota, Suzuki, Hino and Vinastar are the eight members of the Vietnam Automobile Manufacturers Association (VAMA). Besides, there are BMW, Land Rover, Audi, Renault, Nissan and this is the first time for Lexus and Infiniti to attend the show. This year's motor show showcases imported and luxury cars of several leading auto manufacturers. However, names which have been present in the Vietnamese market for a long time like Truong Hai Kia, Hyundai Thanh Cong, Vinaxuki and Porsche do not attend the show. In addition to new cars introduced for the very first time in Vietnam, concept vehicles such as Toyota Fun-Vii, Honda Urban Concept, Mitsubishi GR-HEV Hybrid Concept and the sport utility vehicle Chevrolet C6 Coupe are being displayed at the Vietnam Motor Show 2013. Besides, at the show visitors can also look for … [Read more...]

Auto giants choose to steer clear of national motor show

A worker at a production line of Xuan Kien Auto JSC in Ha Noi. This year many famous brands in the domestic market will not join the Vietnam MotorShow 2013. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— Many well-known automobile brands in the Vietnamese market will not be present at next week's Vietnam Motor Show 2013, the country's biggest annual exhibition. Instead, they are promoting their vehicles independently, according to VnEconomy online newspaper. The show is a place for businesses to introduce new products and seek partners. However, three giant domestic automobile businesses (Thaco Truong Hai, Hyundai Thanh Cong and Vinaxuki) and three international firms (Subaru, Orsche and Rolls-Royce) all chose not to participate. Thaco Truong Hai and Hyundai carried out their own programmes to introduce new cars. Early this month, Thaco Truong Hai held a ceremony to introduce the Mazda2 S sedan and Kia K3, which will replace its older Forte sedan. Hyundai Thanh Cong launched the Accent Hatchback and said the all-new Hyundai i10 would be released in November. Porsche did not reveal its reason for not attending the Viet Nam Motor Show after participating last year, … [Read more...]

Mid-Autumn Festival for patients

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Hyundai Thanh Cong Vietnam, the National Institute of Hematology and Blood Transfusion and National Hospital of Acupuncture hosted events to present gifts to around 500 patients during the Mid-Autumn Festival. On September 17, Hyundai Thanh Cong Vietnam were present at the National Institute of Hematology and Blood Transfusion and the National Hospital of Acupuncture to organise the "Mid-Autumn Festival for children" contributed to the patients at two national hospitals with the intention to bring joy and to relieve the pain of their illness. 466 gifts were given to the patients there. This is the second year Hyundai Thanh Cong has coordinated with National Hospital of Acupuncture to organide the "Mid-Autumn Festival for children" event. On the same day, Hyundai Thanh Cong's staff also went the National Institute of Hematology and Blood Transfusion to continue their volunteer programmes. Source vir.com.vn … [Read more...]

Nissan-Honda battle benefit Vietnamese

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VietNamNet Bridge - The two big Japanese automobile manufacturers -- Nissan and Honda, accidentally chose June 11 as the day to introduce their new low cost sedan models Nissan Sunny and Honda City. Honda and Nissan enter low-cost market segment Not only having launched the first domestically assembled Nissan Sunny, the Malaysian Tan Chong Group, the franchisee of Nissan in Vietnam, has also opened the $40 million Nissan model automobile assembling factory in the Hoa Khanh Industrial Zone in the c central city of Da Nang. This is the first Tan Chong's factory overseas, besides its two factories in Malaysia. As such, Nissan has decided to transfer the technology to Tan Chong, but it does not contribute capital to the project in Vietnam. And it has also decided not to join hands with a Vietnamese partner to bring Nissan cars to Vietnam. In fact, Nissan has every reason to make such a decision. The Malaysian group has been the exclusive distributor for Nissan's products in Malaysia … [Read more...]

Tax policies encourage manufacturers to make small, low cost cars

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VietNamNet Bridge - Automobile manufacturers have successively launched the car models with the cylinder capacity of less than 2.0L, hoping the models would help stimulate the demand. General Motor Vietnam has launched Chevrolet Spark 1.0L model with a very competitive price of VND377 million. Hyundai Thanh Cong has introduced Elantra which has the selling prices of VND699 million and VND756 million. Prior to that, a Honda's sales agent in HCM City introduced City model for Vietnam. Though the price of the car model has not been revealed, it is expected to be a small low cost car. Vinaxuki is expected to launch VG, a small model for running in urban areas. The selling prices are between VND220 million and VND350 million for the 1.0L (VG 100), 1.3L (VG130) and 1.5L (VG 150) models. Automobile manufacturers now tend to make small size and low cost cars in anticipation of the tax policy. They have launched more small size models also because they hope the products, which have … [Read more...]

Tax cuts boost small-car sales

HA NOI (VNS)— Car manufacturers in Viet Nam are rolling out small cars at reasonable prices in an effort to speed up the market. The trend follows a draft plan to develop the Viet Nam automobile industry by 2020 with a vision to 2030 by cutting consumption tax and ownership registration fees by 50 per cent for vehicles with cylinder capacity of less than two litres. According to the Viet Nam Economic Forum, automobile makers have said if the draft plan is approved long-term, they will strongly invest in manufacturing. General Motors Viet Nam is one of the manufacturers who stand to benefit. It recently introduced the new, automatic, one-litre Chevrolet Spark for VND377 million (US$18,000). Huyndai Thanh Cong is offering Elantra models from VND699 million to VND756 million (from $33,300 to $36,000). Honda Viet Nam in HCM City has displayed its City model, but has yet to announce the price. In July, Vinaxuki will offer small-size VG models targeting customers in urban areas. They … [Read more...]

Peak auto sales season suffers

HCM CITY (VNS)— It is the rush season right now, but there is no sign of bustle in the auto industry. A report from the Viet Nam Automobile Manufacturers Association (VAMA) says that the domestic auto market has been on the decline since 2010. This year, it is estimated that the market will consume just 100,000 units, the same level as in the years before 2008. The disappointing results mean that there is no surge in sales even during the traditional rush season. In a normal year, auto sales and manufacturing increase at the end of a year and the time near to Lunar New Year. This year, however, the figures remain were very modest. … [Read more...]