VietNamNet Bridge - Vietnam was the second fastest growing car market in the world in 2016, with imports favored by most Vietnamese buyers. JATO said 84.24 million cars sold all over the world, including 228,478 cars sold in Vietnam. As such, Vietnam ranked 34th in sales. However, with the growth rate of 27.1 percent, it ranked second in terms of growth. An analyst commented that Vietnamese favor imports while the supply has been increasing. Vietnam was the second fastest growing car market in the world in 2016, with imports favored by most Vietnamese buyers. He cited a report of the General Department of Customs (GDC) as saying that in January 2017, 2,600 CBU (complete built unit) cars were imported from Thailand, worth $51.7 million, accounting for 80 percent of CBU total imports. Vietnam also imported cars from India, 1, 006 products, worth $3.73 million. Also according to GDC, in 2016, Vietnam spent $2.34 billion to import 113,567 cars. Thailand, South Korea, India and China, … [Read more...] about Vietnam’s car market has second-fastest growth in world
Ideal auto imports
Autonet – Auto & Motorcycle Online Magazine 2015 proven to be hugely successful for Mercedes-Benz Vietnam
Posted By Quang Phong On January 12, 2016 @ 6:48 am In Business,Featured on Homepage,News,Options,Vietnam | No Comments Mercedes-Benz Vietnam (MBV) achieved the most successful year ever since its establishment in 1995 with 3.600 cars sold last year. This number breaks the all-time record of the premium auto market in the country. With a growth of 50%, Vietnam is one of 3 fastest growing markets of Mercedes-Benz in Asia. Besides, with customer-orientation in all activities, MBV gained many achievements in its 20th anniversary. MBV is currently having the most diverse lineup in its hand To celebrate the 20th anniversary, MBV launched 20 new products making the most diversified premium line-up to Vietnamese customers. These products play an important role in achieving the new records in Jan, May, June, July & Sep. 2015 is the best year ever of MBV, with the best first-half & the best second-half as well. The C-Class is the best-selling car of MBV as well as the premium market. … [Read more...] about Autonet – Auto & Motorcycle Online Magazine 2015 proven to be hugely successful for Mercedes-Benz Vietnam
HCMC – an ideal destination for Japanese investors
(VOVworld) –With 800 projects worth 2.7 billion USD, Japan is the 6th biggest foreign investor in Ho Chi Minh City. The figure is expected to rise in the future because Ho Chi Minh City is considered an ideal destination for Japanese investors. Over the past 16 years, the Toyota Tsusho Corporation, which supports auto manufacturers in Vietnam, has operated smoothly and plans to continue investment expansion in Ho Chi Minh City. Hiroyuki Shio, Deputy CEO of Toyota Tsusho Corporation Vietnam and chief of the Ho Chi Minh City branch, said: "Ho Chi Minh City’s authorities have created favorable conditions for our investment, operations, sales, and administrative activities. Regular dialogues between municipal leaders and businesses have been held to remove obstacles." According to the Japan External Trade Organization (JETRO) in HCM City, Japan’s major investment areas are property, processing, manufacturing, science, and technology. Recently a delegation from the … [Read more...] about HCMC – an ideal destination for Japanese investors
Grand opening of BMW Long Bien Centre, Ha Noi
BMW Euro Auto has launched the new BMW Long Bien centre in Hanoi which is the second BMW 4S (Sales, Service, Systems and Spare-parts) Centre with modern scale in Vietnam. With an estimated value of more than VND100 billion, the new BMW Long Bien Center offers full-fledged service including sales front capacity that can house up to 12 vehicles, a service workshop with up to 20 work-bays, a dedicated spare parts division and an integrated service information centre, connectable between BMW Long Bien and BMW mechanics in Munich. BMW Long Bien was formally inaugurated by Mr. Neil Fiorentinos, Managing Director of BMW Group Asia, together with Mr. Horst Herdtle, CEO of BMW Euro Auto. The ceremony welcomed over 200 vip guests including government officers, top entrepreneurs, celebrities, key business partners and especially the presence of Mrs. Jutta Frasch, ambassador of Federal Republic of Germany in Vietnam. The center is located at 1 Ngo Gia Tu, Long Bien, Hanoi, directed to Bac … [Read more...] about Grand opening of BMW Long Bien Centre, Ha Noi
GM starts exports of its first Chinese-developed car
SHANGHAI, October 21, 2010 - US auto giant General Motors said it began exporting a Chinese-developed car on Thursday, shipping its Chevrolet New Sail small family sedan to Chile. Shanghai GM, the US car maker's joint venture with leading Chinese automaker SAIC, said it also plans to sell what it calls the "ideal car for Chinese families" in other markets in South America, North Africa and the Middle East. "It represents a breakthrough in our strategy to create products for China and other emerging markets," Terry Johnsson, Shanghai GM vice-president for sales, service and marketing said in a statement. GM is the first international automaker to export a passenger car developed in China, Johnsson said. Since its debut in January, Shanghai GM has sold 90,000 New Sail cars in China, putting it at the top of its segment, the statement said. GM is the market leader in China, which overtook the United States last year to become the world's biggest auto market. The US automaker … [Read more...] about GM starts exports of its first Chinese-developed car