Illustrative
image (Source: presstv.com)
Notably, the sales of domestically-assembled automobiles were estimated at
106,678, up 10 percent, whilst imported ones slumped 49 percent
year-on-year, reaching only 19,039.
VAMA said as many as 21,913 units of vehicles were sold in June alone, down 5
percent month-on-month.
Among the total, the sales of special-purpose vehicles saw the strongest fall
at 24 percent down to 447 units, while that of commercial and passenger
vehicles decreased by 8 and 1 percent to 6,281 and 15,185 units,
respectively.
Almost all VAMA members reported a decline in sales over the last six months
with Toyota’s Lexus brand witnessing the biggest drop at 83 percent; followed
by Ford at 33 percent; Nissan at 26 percent; Toyota and Mercedes-Benz at 13
percent; and GM Vietnam at 9 percent.
Experts attributed the situation to Decree No.116/2017/ND-CP issued by the
Government on conditions for production, assembling, import, trading, and
the maintenance service supply activities of domestic firms.
Across the whole market, the only imports were Honda’s four models (including
its CR-V, Civic, Jazz, and Accord brands), and GM Vietnam’s two models of
Chevrolet Trailblazer and Colorado for distribution in the first half of 2018.
Aside from Honda Vietnam and GM Vietnam, since the beginning of this year, no
car company has distributed imported vehicles to the market due to the
requirements of the decree, which took effect at the beginning of the year.
Recently, Toyota Vietnam has announced the sale price of three imported vehicle
models including Fortuner, Hilux, and Hiace. These models will be officially
distributed to the market in August.
Other automakers such as Ford, Nissan, and Mitsubishi also said that they are
trying to complete relevant procedures required in the decree. They hope to
import and distribute new models to the market at the end of the third quarter
or the beginning of the last quarter of this year.
As such, vehicles supplied in the market from the beginning of the year until
now and from now until the end of the year are still mostly manufactured and
assembled in Vietnam with leading businesses and brands such as Hyundai Thanh
Cong, GM Vietnam, Truong Hai Automobile JSC (Thaco) with the top brands of
Mazda, Kia, and Peugeo.
Source: VNA
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
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