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Small-sized cars with high ground clearance – Toyota in the race for market share against Kia, and Hyundai

Jan 22, 2023 – Toyota has the Corolla Cross as their “golden egg”, while Kia succeeds with Seltos, and Hyundai gains a huge sales boost with Creta.

C-Class sedans of 2022 – K3 and Mazda3 achieves market share

Jan 22, 2023 – Total sales of two models assembled by Truong Hai (Thaco) accounted for 70% of the market share of this segment.

VinFast VF8 sales equals accumulated sales of 4 gas-based rivals in its first month of sales

Jan 22, 2023 – Despite being delivered to customers since September, it was not until December 2022 that sales of VinFast VF8 took off.

CX-5, CR-V, Sportage simultaneously discount near Tet

Jan 16, 2023 – C-segment CUV models of Mazda, Kia, Hyundai offer 30-40 million VND reduction, especially Honda CR-V discounts by more than 100 million VND.

The new generation Mercedes-Benz GLC to launch in Vietnam from March 3rd with hybrid engines

Jan 22, 2023 – Mercedes-Benz GLC 2023 is imported and distributed in Vietnam from March 2023 with 2 versions: GLC 200 4Matic and GLC 300 4Matic.

Mini Cooper S Resolute Edition for 2.3 billion VND

Jan 16, 2023 – The special 3-doored Cooper, inspired by racing cars with sporty exterior colors and equipped with many technologies and features, goes on sale from January 9.

Lexus RX 2023 to launch in Vietnam in January 2023

Jan 09, 2023 – Lexus RX 2023 is a luxury car in the mid-size SUV/Crossover segment. According to dealerships, the car is expected to be launched soon in Vietnam from January 2023.

New development direction of Porsche in Vietnam

Dec 31, 2022 – After 15 years of operation in Vietnam (2007-2022), Porsche upgraded the new Porsche Saigon Center to LEED Gold standard, aiming to sell pure electric cars and PHEVs, and promote Porsche Destination Charging model global charging grid.

Toyota Hilux returns to Vietnam from March 2023 with the highest expected price in the segment

Jan 09, 2023 – Information from dealers said that Toyota Hilux will continue to be distributed in the Vietnamese market from the beginning of this year, after nearly a year of stopping sales due to not meeting Euro 5 emission standards.

VinFast prepares to make the biggest bus ever with 3 double doors

Dec 10, 2022 – VinFast’s lastest bus model promises to have a larger size, more seats and possibly wider travel range.

Nissan Vietnam launched Navara EL 2WD version with 2.3 Twin Turbo engine

Dec 04, 2022 – On November 29, Nissan Vietnam officially launched the Navara EL 2WD version, increasing the version number of this model to 3 versions, including Navara Pro4X, Navara VL 4WD, and Navara EL 2WD, CBU imported from Thailand.

ADB prepares 135-million-USD climate change credit package to develop green transport in Vietnam

Oct 25, 2022 – The Asian Development Bank (ADB) has arranged a USD 135 million climate change financing package for VinFast Business and Production Joint Stock Company to support the production of public transport electric buses and Vietnam’s first electric vehicle charging station network. The credit package aims to contribute to supporting Vietnam’s goal of achieving net zero greenhouse gas emissions and promoting the development of high-tech manufacturing industries.

ADB raises Vietnam’s economic growth forecast for 2022

Dec 16, 2022 – The Asian Development Bank (ADB) has just raised its forecast for Vietnam’s economic growth in 2022 but lowered its forecast for GDP growth in 2023.

USD exchange rate rockets

Oct 20, 2022 – On Oct 19, the USD price in the banking and free market continued to increase by 100-120 VND compared to the day before to a new record of 24,620 and 24,700 VND, respectively.

Proposal for increase in driver’s testing fees by 10-15%

22 Jan 2023 – Recently, the Ministry of Finance published a draft regulation on the fee rates, fee collecting regulations, payment, management and usage of driving test fees, certificates of operation on vehicles, and fees for registration and issuance of specialized motorcycles.

New cars may be exempted from registration for the first time from 2023

Jan 3, 2022 – The Vietnam Register has just submitted to the Ministry of Transport (MOT) a plan to exempt new cars from registration for the first time within one year from the year of manufacture. Previously, the Traffic Police Department also had this proposal.

Car registration will continue to be tightened in 2023

Dec 25, 2022 – Extending into 2023, the Vietnam Ministry of Registry will continue to strengthen the examination of inspection activities at registration centers across the country.

Closing the starting price of the auto license plate auction at 40 million VND

Nov 21, 2022 – Congress has decided the starting price and the reservation fee of an auctioned license plate at 40 million VND, price step is 5 million VND.

How many cars will Vietnam market import in early 2023?

Jan 22, 2023 – Businesses in Vietnam have imported more than 6,000 Completely-Built Units (CBU) just before the Lunar New Year holidays begin in 2023.

Electric cars pose threat towards gas-based automobiles’ market share in 2022

Jan 22, 2023 – In 2022, electric vehicles achieved around 10% of the global market share for the first time, driven mainly by strong growth in China and Europe.

A-class cars in 2022: Hyundai Grand i10 holds top spot

Jan 16, 2023 – With sales of nearly 11,000 vehicles, Hyundai Grand i10 becomes the best-selling model in the A-Segment in 2022.

MPV segment in 2022: Mitsubishi Xpander remains in top spot

Jan 16, 2023 – Selling nearly 22,000 vehicles in 2022, Mitsubishi Xpander took the first position in the MPV segment for the 4th consecutive year.

Honda Wave RSX FI 110 2023 launched with impressive new colors and stamps

Dec 05, 2022 – On December 2, 2022, Honda Vietnam Company (HVN) introduced Wave RSX FI 110 version 2023 with new colors and stamp design.

Honda Super Cub C125 priced at over 150 million

Nov 14, 2022 – Genuine stock is no longer available, Super Cub C125 special edition in matte black is now imported via private company at high prices.

Multiple models raise prices, highest difference from listed price at 26 million VND

Many scooter models from Honda and Yamaha are still in short supply, causing high prices at dealers.

Brand-new Honda Wave 125i launched, priced at 33.8 million VND

The all-new model Honda Wave 125i is super fuel-efficient at 71.4 km/liter and has a suggested price from 33.8 million VND.

Honda SH and SH Mode simultaneously increase prices near Tet

Jan 22, 2023 – At several Honda dealerships, SH Mode’s price increases significantly compared to the listed price; the highest increase is 31 million VND.

Yamaha Grand Filano Hybrid Connected launched

22 Jan, 2023 – The scooter model has a classic design that combines many modern equipment while the resale price proves very reasonable.

Honda SH 2023 sells out, price to be increased

Jan 16, 2023 – In early January 2023, the selling price of SH scooters increased again due to the sudden increase in the number of customers ordering this model near Tet.

Honda Lead 2023 launched in Japan at 60 million VND

Jan 16, 2023 – Honda Lead 2023 version has just been updated in Japan with additional colors.

Honda CB1000R 2023 adds uniqueness, competing with many existing competitors in Vietnam

Jan 22, 2023 – On the new CB1000R 2023, Honda designers have applied better color schemes, transforming the details on the bike to bring freshness.

Suzuki offers registration fee incentives to customers

Jan 16, 2023 – The Japanese brand will support registration fees for 3 motorcycles models in Jan 2023.

Honda CL300 launched in China

Jan 09, 2023 – The model is designed with a strong appearance, suitable for exciting trips.

Honda CB1000R launched from 510 million VND

Jan 09, 2023 – The imported Japanese naked bike model has an additional Black Edition in addition to the standard colors, sold from January 6.

Neo’s – Yamaha’s first genuine electric motorcycle in Vietnam

Jan 16, 2023 – This Yamaha electric motorcycle model is domestically assembled, has an active range of 72 km per full charge, priced at 50 million VND, and is deliverable from February 2nd.

Honda to launch electric motorcycles in Vietnam

Jan 16, 2023 – PCX electric, U-GO, and U-BE – three new Honda electric motorcycle models are likely to be launched in Vietnam in the near future.

Yamaha Neo’s launched in Vietnam at VND 50 million, competing with VinFast Vento S

Jan 3, 2023 – At 50 million VND, the electric scooter model from Yamaha is on par with VinFast Vento S currently priced at 56 million VND.

Honda U-Be electric motorbike for 29 million VND in Vietnam, travels 80km per charge

Dec 25, 2022 – Honda U-Be electric motorbike is distributed by a private dealer at the price of 29 million VND in Hanoi. The vehicle can reach a maximum speed of 25km/h.

ADB raises Vietnam’s economic growth forecast for 2022

Dec 16, 2022 – The Asian Development Bank (ADB) has just raised its forecast for Vietnam’s economic growth in 2022 but lowered its forecast for GDP growth in 2023.

USD exchange rate rockets

Oct 20, 2022 – On Oct 19, the USD price in the banking and free market continued to increase by 100-120 VND compared to the day before to a new record of 24,620 and 24,700 VND, respectively.

IMF forecasts Vietnam’s GDP growth amidst Asia’s decline

TTO – International Monetary Fund’s Asian Economic Outlook released on October 11 forecast that Vietnam’s actual GDP growth will reach 7%, ranking first in the ASEAN-5 group.

Piloting license plate auction

Jan 09, 2023 – To ensure the rights of auction participants, Leaders of the Ministry of Public Security have directed the Traffic Police Department to develop legal documents and complete the infrastructure before May 1, 2023.

Summary of fines and errors causing possible registration denial

Dec 3, 2023 – According to statistics from the Motor Vehicle Inspection Department of the Vietnam Registry, there have been more than thousands of vehicles denied registration for the first time due to various problems.

2030: Vietnam’s population hits 105 million, average income reaches 7,500 USD

Oct 27, 2022 – According to the national master plan, by 2030, Vietnam’s population will be about 105 million people, with a per capita income of 7,500 USD.

Piloting auction of license plates nationwide, starting price of 40 million VND

Oct 23, 2022 – The starting price of the auto license plate auction to serve the needs of organizations, businesses and individuals will be VND 40 million. The license plate up for auction is white background plate with black letters and numbers.

Vietnamese consumers buy nearly 6 new motorbikes every minute

22 Jan, 2023 – The total number of motorcycles sold in 2022 reached over 3 million units, an increase of more than 120% compared to 2021.

Sales of Honda motorcycles in 2022 rockets

Jan 21, 2023 – From January to December 2022, Honda Vietnam sold a total of 2,407,907 motorcycles to the market, up by 20.9% over the same period last year, reaching a market share of 80.7%.

Honda Vision sells below suggested price at dealers

Jan 16, 2023 – The retail price at the dealer of the Honda Vision model is dropping to its lowest point.

The Vietnamese purchased nearly 2.2 million new mass motorbikes in 2022

Dec 31, 2022 – The end of year is a time to look back on a volatile year of the Vietnamese motorcycle market with new developments.

2-Wheeler Monthly News Summary – Nov 2022

SOCIAL TRENDS: EV continues to be a trend in Vietnam when technology delivery company Ahamove gradually switched to using electric motorbikes to reduce costs compared to gasoline motorbikes and reduce emissions to the environment. Meanwhile, state activities on coverting to eco-friendly vehicles are being promoted when in December 2022, Hanoi City piloted an electric bicycle […]

2-Wheeler Monthly News Summary – Oct 2022

Oct 31, 2022 – An overview of October 2022 2-wheeler market and its surrounding economy.

The difficulty of the last domestic giant in the Vietnamese beer market

Hanoi Beer is the leading beer in the North, but this region only accounts for 35% of the total consumption of the entire beer industry in Vietnam. Meanwhile, this brand is fading in the South. After ThaiBev approved the legal entity Vietnam Beverage acquired 53.6% capital of Saigon Beer – Alcohol – Beverage Corporation (Sabeco), […]

Sabeco and Habeco “recovered” in the second quarter

Sabeco and Habeco both had better business results in the second quarter, “recovering” compared to the first quarter, both with higher revenue growth than before. Before being transferred to Thai bosses, Sabeco and Habeco were two brotherly enterprises in the alcohol and beverage industry in Vietnam. If Sabeco is the market leader, Habeco will also […]

The lost revenue of beer industry

The revenue and profit of the beer companies leading the market share in Vietnam both fell sharply in the first quarter, although they prospered again in the second quarter, the wave of Covid-19 was spreading again, continuing to put pressure on the business situation of this industry. Sabeco – the market leader in beer market […]

Advertising crisis for the beer industry

On January 1, 2020, according to the Law on Prevention of Harm of Alcohol 44/2019 / QH14, under which alcohol-related advertisements are banned during the golden hour from 18:00 to 21:00 daily. In addition, the Law also restricts many provisions related to alcohol-related advertising, especially if advertising on websites, electronic information, and electronic media, there […]

Beer dealers are facing great pressure because of a sharp drop in demand in major cities

The volatile economic market has created a great pressure on retailers. Along with that, the outbreak of the epidemic reappeared also greatly affected many different industries such as tourism, food services, restaurants and hotels, especially not to mention the beer industry in Vietnam. According to the financial magazine of the Information Agency of the Ministry […]

Adverse effects on the beer industry during the recurrence of disease in Vietnam

The communiqué 19th brought Da Nang back to a state of social isolation and complied with high-level COVID-19 epidemic prevention measures at 0:00 on July 28, 2020. Therefore, a series of business locations in the Horeca channel in Da Nang are making the consumption of alcohol become “isolation” again. According to Ms. Truong Thi Hong […]

Key factors influencing beer consumption behavior due to disease and Decree 100

Beer sales have fallen by at least 25% because of Decree 100 recently. For many decades, urban people have always had the habit of consuming beer after work or on important occasions such as holidays, new year, weddings, weddings to celebrate with everyone and reduce stress in life. With many people thinking that drinking a […]

Who will inherit benefits from the cheap capital?

After the SBV’s decision to lower interest rates on September 30, 2020, is the 3rd executive interest rate lowering decision since the beginning of the year, plus a period of lowering important interest rates, the cost of capital already exists. conditions to return to a new low. Before the State Bank lowered the operating interest […]

Banking service fees – explanation of experts

When a customer transfers money, at least the banking system must send 3 messages to the remitter and receive the money, not to mention a customer who is late in entering the OTP or incorrectly entered … the bank must send it again. Although the current fee for e-banking services of major banks is considered […]

Banks raced on the stock exchange to dodge new regulations

TTO – From January 1, 2021 when the Law on Securities takes effect, it is not until after 2 years since the first transaction date on UPCoM system that a public company can submit an official listing registration dossier. Banks are racing to catch up on the exchange.  Lien Viet Post Bank (LienVietPostBank), the stock […]

The door is open for pharmaceutical imports

The drug supply network in Vietnam includes 1,910 domestic pharmaceutical companies and 30 foreign-invested enterprises. For the first time, a pharmaceutical import license was awarded to a multinational corporation. The pressure increased Sanofi-Aventis Vietnam Limited (Sanofi Vietnam) has just become the first multinational pharmaceutical corporation in Vietnam eligible for drug import. “In recent years, Sanofi […]

Accelerate digitalization of pharmaceutical data in Vietnam in the next three years

Vietnam’s annual pharmaceutical industry worth 6 billion USD is expected to digitize 100% valid information and drug data for circulation by 2023 and update it to the pharmacy data bank at VN drugbank. Updating the information technology application to transform the pharmaceutical industry, the Drug Administration of Vietnam (the Ministry of Health) since 2018 has […]

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