The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025, with sales expected to reach 600,000 units.

The Vietnam trade mission in Germany coordinated with the Berlin – Brandenburg automotive association (aBB) and authorities of the Vietnamese province of Nam Dinh to hold a roundtable on cooperation in the automobile industry.

There are many opportunities as well as challenges for the automobile industry when Vietnam is implementing international commitments under free trade agreements (FTAs), heard a seminar organised by Hai Quan (Customs) magazine in Hanoi on May 24.

Prime Minister Pham Minh Chinh presided over a dialogue with businesses on cooperation in artificial intelligence (AI), automobile industry, semiconductor chip and ecosystem development in Davos, Switzerland, on January 16 (local time), as part of his trip to attend the 54th Annual Meeting of the World Economic Forum (WEF).

The Hanoi Taxi Association is urging for the pilot implementation of battery-powered cabs to reduce environmental impact and stay abreast of global trends.

With a good-looking and sophisticated design, and impressive specifications, VinFast's electric vehicle (EV) duo VF 6 and VF 7, showcased at the Consumer Electronics Show CES 2023 recently held in the US, received positive reviews from the international media.

Toyota Vietnam launched made-in-Vietnam units of its Veloz Cross and Avanza Premio car models in the northern province of Vinh Phuc on December 28.

The Vietnam Germany Innovation Network (VGI Network) has held a conference in Wolfsburg, Germany, to foster connectivity among Vietnamese experts and businesses as well as those of the Vietnamese origin in automobile industry and relevant technical sectors.

Vietnam and India have substantial opportunities to cooperate in the automobile industry as Vietnam is accelerating FDI attraction in the sector, an official has said.

Regulations on the automobile localisation ratio will be abolished on October 10, 2022 after having been in force for almost 20 years.

Sales of Hyundai cars in June fell 34% from the previous month to 4,278, Thanh Cong (TC) Group said on July 12, blaming the decline on component shortages.

Deputy Prime Minister Le Van Thanh has asked the Ministry of Industry and Trade to study policies to promote the development of the domestic automobile industry, in line with the growing global trend towards electric cars.

The Vietnam Motor Show (VMS), the largest of its kind in Vietnam, will return this October following two years of postponement due to the COVID-19 impact.

Deputy Minister of Industry and Trade Dang Hoang An and his Russian counterpart Alexey Gruzdev had an online working session on November 3, during which the Russian side mentioned issues related to promoting the implementation of a protocol on cooperation in the automobile industry between the two countries.

Mercedes Benz Vietnam has announced that 1,773 C200 cars manufactured from December 2014 to February 2018 will be recalled for inspection and a software update.

A recent online meeting between Vietnamese Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Dmitry Chernyshenko has aroused the Russian media’s interest in the country’s potential automobile cooperation with Vietnam and the possibility of bringing Russian cars to the ASEAN market through the Southeast Asian nation.

Construction on the Chau Giang Industrial Cluster, worth 475 billion VND (21 million USD), kicked off recently in the northern province of Ha Nam.

The Ministry of Finance has officially asked the Government to cut 50 percent of the registration fee for customers who buy locally-produced and assembled automobiles.

Prime Minister Nguyen Xuan Phuc will cut 50 percent of registration fees for locally-manufactured and -assembled cars from now to the end of this year.

The luxurious car market is expected to develop strongly this year, despite the automobile industry facing challenges due to the COVID-19 pandemic, causing automakers to suspend or reduce production.