MARKET SNAPSHOT: Good growth prospects for Vietnam car market. Vietnam's automotive industry rode a rollercoaster in 2009 as increased taxes brought sales down earlier in the year, only for tax cuts on passenger cars to inflate segment sales in the latter months of the year. By the end of the year, total sales of domestically produced vehicles were 7% higher year-on-year (y-oy). The market was buoyed by a 47% rise in passenger car sales, on the back of tax cuts. However, BMI believes this has unbalanced the market as sales of SUVs and MPVs, usually one of the stronger segments in the country, were up by just 3%, and commercial vehicle sales fell by 7%. Passenger car sales were 125% higher in December while the SUV/MPV segment grew 20%, despite the higher taxes. Commercial vehicle sales rose 50%.

Honda Vietnam Officially Enters the Automobile Market with the Launch of the All-New Civic. Bringing customers with joys and dreams of owning a stylish, Technically Advanced, High Quality Civic with Class-Leading Safety Features. Honda Vietnam today launched the All-new Civic as its first automobile offering in the Vietnamese market. The eighth-generation Civic, which is winning praise worldwide for its advanced technology, outstanding quality and class-leading safety features, is a major milestone for Honda as it marks the official start of the company’s automobile business in Vietnam. Building upon 10 years of success in the motorcycle market, Honda Vietnam believes that the local automobile market has developed to a point where Vietnamese customers are demanding the style, comfort, performance and reliability offered by the Honda Civic.

The Vietnam Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2014; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes. Business Monitor International's Vietnam Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Vietnamese automotives market.

NOTICE:  Dear all, we shall be off for Vietnamese New Year-Tet-from 13 Feb 2010 to 21 Feb 2010 (back to work on 22 Feb 2010). Wish all, a happy Tet holidays, healthy, successful & prosperous ! CHAOcom.com:::Real Estate & Car Rental

A look at the new health insurance law

The Law on Health Insurance, passed by the National Assembly on November 14, 2008, will take effect next July 1.

Prime Minister Nguîen Tan Dung has ....

Projects sponsored by UNDP approved

Seminar debates intellectual property rights enforcement

 Australia pledges $9.8 million to Vietnam

Cap on foreign corporate stakes lifted

Wiser investment in education can help Viet Nam run faster