Automobile sales down 9% in August

Illustrative image (Photo: Toyota Vietnam)- Members of the Vietnam Automobile Manufacturers Association (VAMA) sold 22,540 vehicles in August, down 9% compared to the previous month, VAMA has reported.Of the vehicles sold last month, there were 17,335 passenger cars, down 10%; 5,036 commercial vehicles, down 5%; and 169 special-use vehicles , up 14% month-on-month.This indicates that the automotive market in Vietnam has faced difficulties in maintaining stable sales, especially in the two key segments of passenger cars and commercial vehicles.In terms of vehicle origin, the sales of domestically-assembled and imported completely built-up (CBU) vehicles reached 13,118 units and 9,422 units, down 3% and 15% month-on-month, respectively.In the first eight months of this year, VAMA members sold a total of 184,554 vehicles of all kinds, down 30% annually, with the sales of passenger cars, commercial and special-use vehicles dropping by 34%, 13%, and 61%, respectively.Besides VAMA member units, the Vietnamese auto market also includes other automakers such as Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen, and Volvo, but they do not disclose business results.Meanwhile, Thanh Cong Group (TC Group) announced its sales of 3,145 units in August, and 35,191 in the Jan – August period.Based on the sales reports from VAMA and TC Group, 25,685 units were sold in August, lifting the total sales in the first eight months to 219,745 units.Toyota led the market in August with 3,922 units, up 16.7% from the previous month. It was followed by KIA, Huyndai, Mazda and Ford./.

September 13, 2023 14:20 UTC


President attends opening of National Defence Academy’s new academic year

– President Vo Van Thuong on September 12 attended the opening ceremony of the 2023-2024 academic year of the National Defence Academy - the leading military scientific research and training centre of the army and Vietnam at large.Thuong requested the academy to continue working to increase the quality of education and training and actively contribute to improving the capacity of officers to meet requirements of the nation building and safeguarding in the new situation.He stressed the need for the academy to develop military, defence and security theories, especially new awareness and new thinking on nation safeguarding.It is also important to analyse, research, evaluate and accurately forecast situations related to national defence and security, with a view to promptly giving advice to the Party, State, Central Military Commission, and Ministry of National Defence on policies and preventive measures to protect the Fatherland early and from afar, he added.The president asked the academy to pay due attention to building a team of lecturers and scientists with strong political will and absolute loyalty to Marxism-Leninism, the Ho Chi Minh thought, and the Party, State, people and army, and high qualifications.President Thuong also emphasised the importance of promoting cooperation with defence and military academies and universities around the world to open more training classes for international defence officers, adding that this is a very important task, contributing to implementing the foreign policy of the Party and State in the current situation./.

September 12, 2023 15:18 UTC


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