Vietnamese new car-maker VinFast has prepared the introduction of its two models at Paris Motor Show scheduled to be held on October 2. The sedan and SUV models were brought to the exhibition area on September 29. Vinfast's SUV model brought to Paris Motor Show VinFast is the first Vietnamese carmaker to attend a major international auto show. Developed with Pininfarina's Italian design team and based on a BMW platform, the models are hoped to be launched in the Vietnamese market in fall 2019 before being exported. Vingroup Chairman Pham Nhat Vuong said the domestic market is the priority for Vinfast. Although Vietnam is a competitive market, he believes Vinfast’s chances of success are high. The sedan model Vinfast is expected to be the mainstay business line for Vingroup. Vinfast will not only manufacture cars, but also set foot in the heavy industry through cutting-edge technology to manufacture so many things. This is the new target of the firm, Vuong claimed. … [Read more...] about Vietnam car brand debuts at Paris Motor Show
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The BMW X2 model will be introduced in the Vietnam market starting from September 2018. (Photo courtesy Thaco) Hanoi (VNA) - Local car maker Truong Hai Auto Company (THACO) will introduce the BMW X2 model in Vietnam, just one year after the vehicle first debuted at the Los Angeles Auto Show in the US in 2017. THACO said the newest cross-over model and other imported BMW X1, BMW 118i and BMW 218i have been shipped to Vietnam for the official curtain-raising event this September. It also said BMW X2 will offer three classes including Base, M-Sport and M Sport X for Vietnamese customers. According to the company, further models — notably the BMW 7 Series 740Li, 750Li and M760Li X Drive — will be arriving in Vietnam for show-off events later this year. THACO has been the new official importer of BMW and MINI vehicles in Vietnam following a cooperation deal with the German giant car maker signed in January of 2018. The price of the newly imported … [Read more...] about Local car maker to introduce latest BMW models
Reed Tradex, the organiser of METALEX Vietnam, has announced a new alliance aimed at driving the development of the Vietnamese supporting industries. The alliance seeks to tighten relations between Vietnam and Japan Reed Tradex has recently unveiled its alliance with Japan External Trade Organisation (JETRO) in Ho Chi Minh City, Investment & Trade Promotion Centre (ITPC), as well as Ho Chi Minh City Centre of Supporting Industries Development (CSID) to co-organise the "Supporting Industry Show 2018” in Vietnam in October. Suttisak Wilanan, deputy managing director of Reed Tradex, expressed his optimism about the exciting rebound of the automotive industry in Vietnam, citing the Vinfast “Made in Vietnam” automobiles, which has decided to cooperate with Italy’s leading design firm Pininfarina and German luxury car company BMW. At the same time, Thaco also inaugurated the biggest and most modern automobile manufacturing factory in Southeast Asia last … [Read more...] about Reed Tradex launches new alliance to promote supporting industries
A new Mazda car model, CX5, is rolled out at the Chu Lai-Truong Hai Industrial Complex in Quang Nam Province. 16,500 Mazda cars were sold in the first six months of 2018. — VNS Photo Cong Thanh Truong Hai Automobile Joint-Stock company (Thaco) has sold 16,500 Mazda cars in Viet Nam in the first six months of the year, marking it as the second best-selling Japanese car brand in Viet Nam, according to the Viet Nam Automobile Manufacture Association. Thaco said about 100,000 Mazda cars has been delivered to customers in Viet Nam market since the brand was locally manufactured in 2011. Thaco, in co-operation with Japan’s Mazda Motor Corporation, has introduced 44 showrooms, of which 33 are international standard, nationwide. Earlier this year, Thaco and Mazda put a new plant for auto exports into operation in the Chu Lai-Truong Hai Industrial Complex in Quang Nam Province, at a total investment of US$380 million. The new Mazda plant is expected to produce 100,000 Mazda cars … [Read more...] about 16,500 Mazda car sold in Viet Nam in half 2018
Vietnam’s policy on tightening car import regulations under Decree 116 may be the main reason behind foreign car makers' decision to expand production in Vietnam. The Toyota automotive plant in Vinh Phuc province. Source: toyotavinhphuc.info Most recently, Toyota Vietnam proposed the Vinh Phuc People’s Committee to rent 9.1ha of land in Phuc Yen city to expand its automobile manufacturing plant, raising its annual capacity from the current 50,000 to 90,000 units by 2023. Accordingly, the total capital for this expansion is about $40 million. Toyota’s move is supposed to be the result of Decree No.116/2017/ND-CP, which introduced many strict conditions and regulations about importing cars, which came into effect early this year. Not only Toyota, but Ford and Hyundai are also planning to expand production scale in Vietnam due to the decree. According to the Vietnamese government, Decree 116 aims to boost the development of the country’s automobile … [Read more...] about Decree 116 moves foreign car makers to expand production in Vietnam?