Toyota Motor Vietnam's factory in the northern province of Vinh Phuc was established in 1995 and officially began operations one year later. From an initial production rate of just two vehicles per day, the plant's capacity has now grown to over 108 vehicles per day, or approximately 27,000 per year.
TIME editors note that while much of the world was mired in geopolitical uncertainty during 2024, businesses across the Asia-Pacific enjoyed an upbeat year. VinFast, which ranks 101st, outperformed numerous established automotive brands and stands as the sole Vietnamese company in the top 200.
Japan’s automaker Suzuki Motor on June 7 announced it will close a subsidiary's auto plant in Thailand by the end of 2025 to focus on global production sites with more promising markets.
VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, reported on March 14 that it delivered 774 electric vehicles (EVs) to customers in the first two months of 2023.
VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, sold 35,723 vehicles in 2021, posting a year-on-year surge of 21.2 percent despite the COVID-19 pandemic.
Automaker VinFast, a subsidiary of conglomerate Vingroup, sold 3,497 vehicles in September, posting a month-on-month surge of 51.4 percent despite the COVID-19 pandemic.
Vietnam’s domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company.
Honda Vietnam (HVN) has become the fourth automaker in Vietnam to suspend production and assembly of cars and motorbikes over the concerns of the COVID-19 pandemic.
TC Motor has said that it will halt vehicle production in the northern province of Ninh Binh from April 1 to 15 over concerns of the COVID-19 pandemic.
Mercedes-Benz Vietnam (MBV) reported a year-on-year growth of more than 60 percent in automobile sales during the first half of 2017, the best in 22 years of its presence in Vietnam.
Renault Vietnam opened a 3S dealer in Buon Ma Thuot city in the Central Highlands province of Dak Lak on March 25, raising the total number of its agents in the country to 7.
