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Peugeot increases selling price for the 3rd time this year

Nov 28, 2022 – Peugeot adjusted the price of 3 models 2008, 3008 and 5008 with the highest increase of 45 million VND.

VinFast exports the first 999 electric cars to the US

Nov 28, 2022 – On November 25, VinFast became the first Vietnamese automaker to export a batch of 999 VF8 electric cars to the US, from MPC Port, Hai An district.

Chinese SUV Chery to be sold in Vietnam

Nov 28, 2022 – The B-sized SUV Chery OMODA 5 can be sold in Vietnam in early 2023 for a price of VND 699 – 799 million. Thus, this Chinese model has a rather high price compared to rivals such as KIA Seltos, Hyundai Creta.

Hyundai opens additional EV factory Vietnam

Nov 21, 2022 – Hyundai Thanh Cong Factory No.2 (HTMV2) will start producing eco-friendly car models from 2023 at the earliest.

Mercedes recalls approx. 1,000 cars in Vietnam

Nov 28, 2022 – The C300 series has a risk of fire if a short circuit occurs in the trunk control box, while the GLE, GLS have a fault with the decorative bar on the rear door.

Lexus increases car sales price in Vietnam

Nov 21, 2022 – Accordingly, the lowest increase of Lexus models in Vietnam is 10 million VND. The highest increase is 160 million VND.

MINI introduces new model to Vietnam at 2.3 billion VND

Oct 30, 2022 – MINI Asia and THACO have officially launched a special model called Cooper S 5-Door Resolute Edition in Vietnam with updated looks.

Genuine McLaren GT imported in Vietnam, priced from 16 billion VND

Oct 22, 2022 – On the afternoon of October 13, the first genuine McLaren dealer in Vietnam was officially opened. There, the British luxury car brand also introduced the Grand Tourer supercar – McLaren GT.

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.

Petrolimex gas stations nationwide to be integrated with VinFast electric vehicle charging service

It is expected that there will be a total of 500 points in Petrolimex’s system, spanning through the North – Central – South regions to be integrated VinFast electric vehicle charging service.

Toyota Hilux discontinued in Vietnam due to insufficient suitable fuel supply facilities

The reason given to explain the cease of sales of Toyota Hilux in Vietnam is that too few places now sell diesel grade 5 (DO-V).

Ford Everest discounts 100 million VND to discharge inventory

Model Everest is reduced by 40-100 million VND for each version, and there are not many colors left to choose from.

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.

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.

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.

Charging station construction in Vietnam faces difficulties

Oct 24, 2022 – As there have been no standard regulations on the construction of charging stations or station protection systems/devices, electric vehicle manufacturers in Vietnam face many difficulties when installing a network of charging stations.

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.

Vinfast enters strategic global partnership with inform to implement vehicle logistics software solution

Nov 28, 2022 – On 24 November, VinFast and INFORM – a leading provider of AI-based optimization software that facilitates enterprise solutions, announced a strategic global partnership on electric vehicle logistics management for VinFast.

Nearly 145,000 cars imported into Vietnam from the beginning of 2022

Nov 28, 2022 – According to the General Department of Customs, from the beginning of the year to November 15, the whole country imported 144,726 CBU cars of all kinds, with a total turnover of 3.24 billion USD, up by 5.9% in volume and 6.4% in turnover rate compared to the same period last year.

The first public university in Hanoi to install an electric car charging station

Nov 21, 2022 – University of Transport Technology has just become the first public higher education institution in the capital to install an electric car charging station to join the electrification trend in mobility.

VinES starts construction of LFP battery factory with 6,300+ billion VND investment

Nov 21, 2022 – On the morning of November 18, 2022, VinES Energy Solutions Joint Stock Company (a member of Vingroup) and Gotion Company, Inc. (member of Gotion High-Tech) just broke ground on the LFP rechargeable battery cell factory project in Vung Ang Economic Zone (Ha Tinh).

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 Winner X is being sold by dealers for 12 million VND lower than the proposed price, only from 34 million VND

Some HEADs are selling the Honda Winner X hand-clutch model with prices ranging from 34 million to 39.6 million VND; this price is 12 million VND lower than listed.

Experience the pinnacle of scooter technology from 2 new Piaggio rookies – Beverly S and MP3 Sport

Nov 27, 2022 – Recently, Piaggio Vietnam officially launched to the Vietnamese market two models of the high-end segment: Beverly S and MP3 Sport.

Imported scooters cost 40 million VND/unit

Nov 21, 2022 – Honda’s 160 cc ADV scooter model has just been imported CBU from Indonesia to Vietnamese market.

Price difference at 10 million VND, how do Honda Vario 125 and 150 differ?

Nov 14, 2022 – With a higher price, Honda Vario 150 has more color choices, more equipment, and a more powerful engine than Vario 125.

Honda SH Mode 125cc 2022 adds more versions, price increases

Oct 30, 2022 – Honda SH Mode 125 cc 2022 new version officially launched in Vietnam with 4 versions, with prices ranging from 56.6 to 63.3 million VND.

Honda Winner X sells for 15 million VND lower than the proposed price

Nov 21, 2022 – The selling price of the Honda Winner X clutch model continues to decrease from 3 to 4 million VND compared to the previous month, depending on the version.

Ducati’s best-selling series upgraded with more modern design

Nov 21, 2022 – The 3 versions of Ducati Scrambler that have received major upgrades this time are Icon, Full Throttle and Nightshift, with a more modern and youthful appearance.

Newly launched Honda WINNER X: Durable and powerful clutch motorbike, priced from VND 50 million

Nov 14, 2022 – On November 11, Honda Vietnam Company officially introduced the WINNER X sports version with new stamps and colors.

Moto Guzzi V7 Special priced at 405 million VND

Nov 14, 2022 – The model retains the classic DNA typical of the Italian motorcycle brand, fitted with a new 90-degree V-twin engine, priced from VND 385 million.

Dat Bike successfully raised 8 million USD

Nov 28, 2022 – Vietnamese electric motorcycle startup Dat Bike has just raised another 8 million USD, bringing the total amount raised to 16.5 million USD.

Vietnamese electric vehicle brand releases new model to compete against VinFast

Nov 2, 2022 – Data from the National Office of Intellectual Property of Vietnam has just been updated to show that Pega – a manufacturer and distributor of electric motorcycles in Vietnam – is preparing a new model to compete against VinFast and Dat Bike.

Korean electric scooter brand opens factory in Vietnam

Nov 2, 2022 – Korean electric motorcycle manufacturer Zio Motors opened a factory with a capacity of about 12,000 vehicles per year in Bac Ninh on October 31.

VinFast stops battery exchange service for EV

Oct 21, 2022 – VinFast has announced that it will stop implementing the battery exchange service for the EVs: Ludo, Impes, and Klara S- old version, in order to employ battery rental program. This new service will be applied from November 2022.

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.

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.

Proposal to collect tolls for Hanoi city entry from 2024

Oct 19, 2022 – Public Transport Management Center proposes to collect tolls to the inner city from 2024 through 15 toll stations on 9 inner-city roads with high traffic volume.

Hanoi studies urban railway line 6

Urban railway line 6 is planned to be 43 km long, from Noi Bai to the new urban area in the west of Ngoc Hoi, connecting line 4 in Co Nhue and line 7 in Duong Noi.

The motorcycle market at the end of the year gradually cools down

Nov 28, 2022 – The more abundant supply, the dealers are no longer “out of stock”, which has caused the price of motorbikes at the end of the year to drop significantly.

The ongoing electric motorcycle revolution in Southeast Asia

Nov 28, 2022 – Vietnam is considered as one of the promoting nations of the electric motorcycle revolution in Southeast Asia.

Vietnamese people increase their car purchases at the end of the year

Nov 21, 2022 – The sales volume of automakers in October reached more than 44,700 vehicles, up by 6% compared to September.

Proposal to pilot bicycle rental in 6 districts in Hanoi

Nov 21, 2022 – It is expected that in December, districts of Hoan Kiem, Ba Dinh, Hai Ba Trung, Dong Da, Tay Ho and Thanh Xuan will be able to pilot bicycle rental services.

2-Wheeler Monthly News Summary – Nov 2022

POLICY: 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 rental […]

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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