In February, car exports continued to fall by 8.34% year-on-year to 81,323 units. In the first two months of this year, exports plunged by 18.1% to 143,644 units.

Indonesia on August 7 inaugurated its first lithium-ion battery anode factory in the Kendal Industrial Park in Central Java province.

Prime Minister Pham Minh Chinh has requested the Ministry of Finance (MoF) to urgently study the impact, and to complete and propose to the Government a decree on registration fee collection rates for domestically-produced and assembled cars within this month.

Auto loans from banks in Thailand are probably 100 - 200 billion THB (2.7 - 5.4 billion USD) lower than expected so far this year because of concerns over non-performing loans, which threatens to affect the entire automotive supply chain, according to the Federation of Thai Industries (FTI).

The Indonesian government has set a target for the sales of battery-based electric cars to reach 50,000 units in 2024.

A nine-storey car and motorbike parking centre was inaugurated and put into operation in the Mekong Delta city of Can Tho on September 20.

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Vietnamese automaker VinFast announced its signing of a memorandum of understanding (MoU) with LeasePlan, one of the world's leading car-as-a-service companies, on February 28 at the Mobile World Congress 2022 (MWC 2022) – the most influential technology and mobile exhibition in the world that runs from February 28 to March 3 in Barcelona, Spain.

The State Bank of Vietnam (SBV)’s expansion of credit growth quotas for commercial banks has created favourable conditions for lenders to boost lending, contributing to supporting capital sources for individuals and firms to recover after the COVID-19 pandemic.

Nearly 400,000 cars were sold in the Vietnamese market in 2019 thanks to valuable gift and discount programmes, which were launched at the beginning of the year, said the Vietnam Automobile Manufacturers’ Association (VAMA).

The total automobile sales in the first five months of 2019 surged by 22 percent year-on-year to 126,646 units, the Vietnam Automobile Manufacturers’ Association reported.

The first batch of VinFast Lux cars have shipped to 14 countries in four continents for quality and safety tests.

Besides record-breaking achievements, the automobile industry was a growth highlight of Vietnam’s economy in 2018, particularly with the introduction of a made-in-Vietnam branded car.

Seatbelts save lives, so laws mandating they be worn in cars must be obeyed, said experts.

The Government is directing ministries and agencies to raise capital for State-owned commercial banks through the use of dividends or share sales this year, Deputy Prime Minister Vuong Dinh Hue said at a recent meeting.

At least six people were killed in a bomb attack in the early hours of July 31 in Basilan, an island province in southern Philippines, according to international media.

Honda Vietnam said that it began recalling 9,764 Civic, CR-V and Accord cars from July 8 to replace airbag inflators for passenger seats.

Two people were injured in a car bombing on June 26 in Thailand’s southern province of Narathiwat.

Malaysia’s national car-maker Proton introduced its fourth generation Perdana model on June 14.

As many as 11 people were killed in a serious road accident on a highway back to Bangkok , Thailand on June 10.