Domestic car market sees consumption growth in March
Members of the Vietnam Automobile Manufacturers Association (VAMA) sold over 36,962 autos in March, up 60 percent on the month, according to a recent VAMA report.
During the first three months, sales of domestically-assembled cars and imported CBU cars increased by 34 percent and 17 percent year on year, respectively. (Photo cafef.vn)
Hanoi (VNS/VNA) - Members of the Vietnam AutomobileManufacturers Association (VAMA) sold over 36,962 autos in March, up 60 percent onthe month, according to a recent VAMA report.
This was the first month of this year where auto sales of VAMA members hadstrong growth, after decreasing by 34 percent in January and 26 percent inFebruary.
In March, passenger car sales surged 62 percent on month to nearly 28,491,while 7,794 commercial vehicles found customers, up 63 percent, and 677special-use cars were sold, up 41 percent, according to the report.
Sales of domestically-assembled cars and completely built-up (CBU) carsincreased by 50 percent to 21,863 units and 82 percent to 15,099 units permonth, respectively.
Apart from VAMA members, non-member automakers Thanh Cong Motor and VinFastsold 7,069 units and 3,471 units last month.
In the first three months of 2022, VAMA members sold 90,506 units, up 27 percentyear on year, of which passenger cars were up by 39 percent, commercialvehicles up by 7 percent and special-use vehicles up by 32 percent.
During the first three months, sales of domestically-assembled cars andimported CBU cars increased by 34 percent and 17 percent year on year,respectively.
The market performance showed that in the first three months of 2022, theconsumers chose to buy domestically-assembled cars to enjoy an incentive ofreducing 50 percent in registration fees according to the Government's Decree103/2021/NĐ stipulating the level of the registration fee for domesticallymanufactured and assembled automobiles. This registration fee reduction hasbeen applied from December 1, 2021, to May 31, 2022.
With sales growth of 60 percent on the month and 27 percent on the year in thefirst quarter of this year, this was an impressive figure in car saleswhile the market is still being hit by the COVID-19 pandemic and facing ashortage of chips and other parts.
Experts said that along with control of the COVID-19 pandemic in Vietnam andthe reduction in the registration fees, the domestic auto market would continueits strong growth. The country’s auto sales are expected to reach 500,000 unitsthis year./.
The Vietnamese automotive market is expected to rebound this year, returning to its growth track after sluggish sales in 2021, according to industry insiders.
The Vietnam Automobile Manufacturers’ Association (VAMA) reported that its members suffered a decline in sales for the second consecutive month, with 22,802 cars sold units, or a 26-percent decrease, in February.
Members of the Vietnam Automobile Manufacturers’ Association (VAMA) will roll out various new models meeting the Euro 5 emissions standard, according to the association.
Sales of Hyundai automobiles in March jumped 69.4 percent month-on-month to 7,069 units, raising the total sales in the first quarter of 2022 to 18,670, an increase of 17.5 percent compared to the same period last year, according TC Group.
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.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
During the first three months, sales of domestically-assembled cars and imported CBU cars increased by 34 percent and 17 percent year on year, respectively. (Photo cafef.vn) 
