Ford Vietnam has reported that it has for the first time achieved double-digit market share in the country after increasing by one percentage point in 2017.
Ford Vietnam reported on Monday that it has for the first time achieved double-digit market share in this country after increasing by one percentage point in 2017. (Source: VIR)
HCM City (VNA) - Ford Vietnam has reported that it has for the first time achieved double-digit market share in the country after increasing by one percentage point in 2017.
At 10.5 percent it is the second largest in the market after selling over 28,580 vehicles, it said.
In related news, the US company got an authorised agent in the southwestern province of Tay Ninh, its 36th agents in the country.
With a total investment of 2 million USD, Tay Ninh Ford is built to Ford’s international standards.
It sells new as well as used cars and spare parts, and offers warranty services.-VNA
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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.
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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.
Ford Vietnam reported on Monday that it has for the first time achieved double-digit market share in this country after increasing by one percentage point in 2017. (Source: VIR) 
