The Vietnam Automobile Manufacturers’ Association on October 10 reported that automobile sales in September drop 20 percent compared to the same period last year and 4 percent over the previous month.
Automobile assembling at Hyundai Thanh Cong factory (Photo: VNA)
Hanoi (VNA) – The Vietnam Automobile Manufacturers’ Association (VAVA) on October 10reported that automobile sales in September drop 20 percent compared to thesame period last year and 4 percent over the previous month.
Among total 21,216units of vehicles sold in September, 11,637 were passenger vehicles, down 7 percent;8,700 commercial cars, unchanged sales; and 879 special-purpose vehicles, up 4percent.
Particularly, sales ofdomestically-assembled automobiles were estimated at 14,739, a fall of 5percent, while 6,477 imported vehicles were sold in the month, down 2 percentmonth on month.
In the first ninemonths of 2017, total sales were 198,253 units, a drop of 8 percent year onyear. Both passenger and commercial vehicles saw a fall of 7 percent, while salesof special-purpose cars declined 18 percent.
Sales ofdomestic-assembled vehicles also slumped 28 percent, while that of importedvehicles rose 8 percent.
September was thefourth consecutive month that the automobile market suffers sale decrease,following a drop of 6 percent in August, 27 percent in July and 0.2 percent inJune.
Experts held that majorreason behind the situation is a cut of 10 percent in car import tax to 30percent in early 2017, along with customers’ trend of postponing their purchaseto wait for lower automobile prices as car import tax from ASEAN country isexpected to reduce to zero percent in 2018.
The Ministry ofFinance has proposed an exemption of special-consume tax to domestically-producedauto parts to create equal environment for domestically-assembled and importedcars.-VNA
Although many carmakers in Vietnam have applied discounts and promotions, car sales in the first eight months of the year dipped 6 percent year-on-year to 177,000 units, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Thanh Cong Group has officially signed a new joint venture with the Republic of Korea’s Hyundai Group to manufacture and distribute commercial vehicles in Vietnam.
The Vinh Long University of Technology Education and Toyota Motor Vietnam (TMV) launched a technical training centre in the Mekong Delta province of Vinh Long on October 2.
Volkswagen, a German multinational automotive manufacturing company, plans to introduce nine automobile models from middle-class to high-end designs at the Vietnam International Motor Show 2017 to be held in Ho Chi Minh City from October 25-29.
Automobile traders are suffering tough times due to a slide in prices and sales, though the used-car market has been vibrant even during the seventh lunar month called Thang Co hon (Month of lonely spirits), more than 30 units sold per day.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Automobile assembling at Hyundai Thanh Cong factory (Photo: VNA) 
