Good growth forecast for Vietnam’s auto, motorbike production

The Heavy Industry Department under the Ministry of Industry and Trade forecast that Vietnam’s automobile and motorbike production will grow rather well this year thanks to recovery of the country’s economy and Government’s policies on consumption stimulation.

Vietnam is expected to produce 200,000 automobiles in 2015 (Photo: SGGP)

Specifically automobile output will reach 200,000 automobiles while motorbikes will touch 4 million.

Average growth rates will be 2 percent and 4.4 percent a year for automobile and motorbike industries in the period of 2011-2015.

According to reports from the ministry, the revenue of the motorbike industry continuously increased in the last months of 2014, showing its recovery over 2013 and 2012.

Last year, motorbike output hit 3.3 million and automobiles topped 128,000.

By T. Van – Translated by Hai Mien

Other news


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).