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Hyundai Exter expected to launch in Vietnam in October

Sep 18, 2023 – Hyundai Exter will likely be assembled domestically, making it easy to have a reasonable price to compete with Kia Sonet and Toyota Raize.

VinFast will not disclose monthly sales figures

Sep 18, 2023 – Starting from this month, VinFast’s sales figures in Vietnam will no longer be disclosed on a monthly basis.

Ford recalls over 3,200 Everest and Explorer vehicles in Vietnam

Sep 18, 2023 – Ford recalled thousands of Everest vehicles at risk of sudden stops, incorrectly installed DPF exhaust filters, while Explorer had faulty camera control software.

The new-generation Ford Everest recalled

Sep 11, 2023 – The new generation Ford Everest SUV in Vietnam will be recalled due to a software error related to the electronic transmission.

Volvo currently offers discount of 350 million VND for Vietnamese customers

Sep 18, 2023 – Volvo is currently offering promotions, including a 50-100% reduction in registration fees and other programs of up to 350 million VND.

Luxury SUV Audi Q8 2024 launches with the new lighting system

Sep 11, 2023 – In the European market, the Audi Q8 2024’s price starts at 86,700 – 119,500 Euros (about 2.23 – 3.08 billion VND).

Volvo EX30 2024 launched in Thailand from 1.08 billion VND

Sep 11, 2023 – The Volvo EX30 pure electric SUV has been introduced in Thailand, just a few months after its global launch in June this year. The car is imported from China.

Lincoln Navigator Special Black Gold Edition for the savvy

Sep 11, 2023 – Lincoln Navigator Black Gold Edition is developed on the long-wheelbase Navigator platform, possesses a generous equipment list and some special highlights.

VinFast VF 6 commercial to launch in September

Sep 11, 2023 – The pure-EV CUV VF 6 having an electric motor with a battery capacity of 59.6 kWh, a range of 381-399 km, are competing with Hyundai Creta, Toyota Yaris Cross.

Ram 1500 Rebel – super pickup priced at 5.2 billion VND

Jul 23, 2023 – Genuine large-size pickup model imported from the US is launched to Vietnamese customers in Hanoi on July 21.

SM Green taxi reaches 1 million trips in 10 weeks

Jun 26, 2023 – SM Green Taxi announced that it has made 1 million trips after only 10 weeks of opening. The company will expand its operations to 27 provinces and cities this year.

SM eco-friendly taxi opens service in Da Nang

Jun 19, 2023 – GSM Smart and Green Moving Joint Stock Company officially opens operation of SM Green Taxi service in Da Nang with an expected scale of 500 vehicles.

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.

Charges for pickup truck registration and license plate to increase by 40 times from October 22, 2023

Sep 18, 2023 – According to Circular 60/2023/TT-BTC, pickup trucks are classified as passenger cars with 9 seats or less with a fixed charge for initial registration and license plate of 20 million VND/time/vehicle in Zone I.

Car dealers to inspect motor vehicles

Jul 10, 2023 – Many car dealers are waiting for instructions on allowing warranty and maintenance facilities of car manufacturers to participate in the registration service before installing the equipment system.

Exemption from registration for new cars, extension of registration cycle for used cars

Mar 27, 2023 – From March 22nd, new vehicles are exempt from registration for the first time; Family vehicles, personal vehicles under 7 years are extended the inspection cycle to 24 months.

Proposal to issue and manage license plates by vehicle owner’s identification number

Mar 27, 2023 – The Ministry of Public Security has just completed a draft proposal to issue and manage license plates of motorcycles and cars by vehicle owners’ identification number, which is expected to take effect from July 1st 2023.

Car consumption decreased sharply despite significant price reduction

Sep 18, 2023 – Although automakers have made efforts to offer high-value promotions (depending on model and version) to stimulate market demand, Vietnam’s automobile market remains gloomy during this period.

Vietnamese consumers increasingly prefer high ground clearance cars

Aug 21, 2023 – Over three years, sales of compact high ground clearance vehicles have increased by three times while that of B-sized sedans have almost not grown and A-sized hatchbacks have suffered a decline of 42%.

Automobile purchasing power in Vietnam fell the most in Southeast Asia

Aug 21, 2023 – A 31% decrease in sales after the first half of 2023 caused the Vietnamese automobile market to lose its 4th position, replaced by Philippines.

Chinese electric car products threaten the German auto industry

Aug 14, 2023 – High costs, reduced demand, and fierce competition are putting the German auto industry under increasing pressure, especially before Chinese rivals.

Yamaha Finn 2024 launches in Southeast Asia

Aug 13, 2023 – The Japanese motorcycle brand has introduced a model upgraded from Jupiter Finn with color changes and new stamp set, priced from $1,200.

New edition of Suzuki Smash Fi cub launched

Jul 23, 2023 – The new edition of the Suzuki Smash Fi Ultimate Edition has just been launched in Southeast Asia.

Honda Wave Alpha 2024 to launch at price from 17.8 million VND in Vietnam

Jul 17, 2023 – Honda Wave Alpha 2024 has a new stamp design, stylized logo “Wave Alpha” and different colors on each vehicle with price from 17.8 million VND.

Honda CT125 2023 launches

Jun 21, 2023 – The offroad model has a special style, suitable for those who love to move and like to explore.

Yamaha Exciter adds ABS version with slight price increase

Sep 18, 2023 – The new Exciter has a slight change in appearance, adding an ABS option, priced from 48 million VND, a slight increase of 1-3.5 million.

Honda officially released the all-new scooter Giorno+

Sep 06, 2023 – The all-new scooter model Honda Giorno+ after the leak has been officially released in Thailand, attracting great attention from the two-wheeler fan community here.

The scooter 2023 SYM Tuscany launches at VND 46 million

Sep 06, 2023 – The elegant, youthful, and highly competitive 2023 SYM Tuscany has just been introduced in the Southeast Asian market.

New scooter Honda Dio 125 introduced at 24.2 million VND

Aug 28, 2023 – The new scooter Honda Dio 125, with the same design as Honda LEAD, has just been launched with more modern equipment than the old version and a pretty attractive price.

2023 Honda CB300F launches at 49 million VND

Sep 18, 2023 – The 2023 Honda CB300F compact motorcycle has just launched in the South Asian market, has a signature and good-looking design and powerful engine, and a very attractive price.

CFMoto 450CL-C launches

Sep 11, 2023 – The 450CL-C has extreme ppearance, impressive equipment, and low expected selling price as its competitive advantage over other cruisers in the segment.

2023 Modenas Kawasaki Versys-X 250 launched, priced at 128 million VND

Sep 10, 2023 – The new 2023 Modenas Kawasaki Versys-X 250 motorcycle was launched in Southeast Asia, with a very attractive small-sized off-road bike style.

Honda Transalp 2023 motorcycle launched in Vietnam, priced from 309 million VND

Sep 10, 2023 – The Honda Transalp 2023 large displacement vehicle is imported in complete units from Japan and sold in Vietnam with a retail price from 309 million VND.

Honda launches an electric scooter that folds up like a suitcase

Sep 18, 2023 – The Motocompacto electric vehicle can travel 19 km on a single charge, has a maximum speed of 24 km/h, weighs 18.7 kg, and costs 995 USD.

Electric scooter 2023 Honda EM-1 to be sold in Southeast Asia

Aug 18, 2023 – Electric scooter 2023 Honda EM-1 has just been launched at an exhibition in Southeast Asia and is expected to expand to regional markets.

VinFast’s first electric bicycle launched

Jul 10, 2023 – The bicycle model with electric motor on the rear wheel, smartphone connection, removable battery, weighs 130 kg.

Honda U-GO 2023 electric motorcycle launched for 26 million VND

Jul 03, 2023 – The new version is significantly upgraded in terms of engine, but equipment and design have not changed much.

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.

Charges for pickup truck registration and license plate to increase by 40 times from October 22, 2023

Sep 18, 2023 – According to Circular 60/2023/TT-BTC, pickup trucks are classified as passenger cars with 9 seats or less with a fixed charge for initial registration and license plate of 20 million VND/time/vehicle in Zone I.

Proposal to issue and manage license plates by vehicle owner’s identification number

Mar 27, 2023 – The Ministry of Public Security has just completed a draft proposal to issue and manage license plates of motorcycles and cars by vehicle owners’ identification number, which is expected to take effect from July 1st 2023.

Europe divided over the draft banning petrol and diesel vehicles

Mar 20, 2023 – Germany formed an opposition coalition, while France supported the bill and criticized the move of the neighboring country.

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.

The motorbike market continues to slump

Sep 11, 2023 – The difficult economic situation has had a significant impact on many industries, including the automobile and motorbike sector. If around this time last year, consumption increased and the motorbike market was vibrant, this year sales will continue to plummet. While this time last year, consumption was on the rise and the motorbike market was buzzing, this year, sales continue to plummet.

Why are scooters popular among Asian markets?

Sep 11, 2023 – Unlike Europe and America, Asian markets, including Vietnam, are very devoted to scooters and for good reasons.

Vietnam consumes the second most Honda motorcycles worldwide

Aug 21, 2023 – With 506,000 units sold in the first quarter of fiscal year 2024, Vietnam ranks 2nd among the world’s largest consumers of Honda motorcycles.

Yadea drives Vietnam’s transformation towards a sustainable mobility future

Aug 19, 2023 – Yadea, the renowned global developer and manufacturer of electric two-wheel vehicles, is spearheading Vietnam’s transition into a more sustainable era of mobility. With its dedication to innovation, quality, and international acclaim, Yadea is at the forefront of shaping a cleaner and eco-friendly transportation landscape.

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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