Toyota provides assistance for automobile supporting industry in Vietnam
Toyota Motor Vietnam and the Ministry of Industry and Trade have signed an MoU on the effort
Toyota recalls over 20,000 cars with airbag problems in Vietnam
There are two recalls, starting Thursday
Toyota Vietnam recalls more than 8,000 cars over airbag defect
The airbags’ inflators are prone to tear and shoot metal fragments at motorists and passengers
Toyota stops sponsoring Vietnam’s top-flight football league
The Japanese carmaker was the main sponsor in the 2015-17 seasons, providing VND40 billion (US$1.76 million) in funds each season
Car buyers in Vietnam continue preferring imported vehicles, especially luxury models
Ten out of 50 units of the high-end Mercedes-Maybach S600 produced for the global market in 2015 have already been booked by Vietnamese customers, and firms saw sales of imported cars in the first four months of this year soar at double-digit rates over the same period last year
Toyota Vietnam fails to deliver promise after 20 years, asks for more incentives
With current incentives from the government of Vietnam, the Japanese carmaker has yet to achieve the targeted localization rate of 30 percent after the first decade of operating in Vietnam, and now they are asking for more preferential treatment
Toyota seeking more incentives to maintain Vietnam operations beyond 2018
Toyota has proposed a series of tax breaks for locally assembled cars so that the Japanese automaker can increase the localization rate and open new factories in Vietnam
Vietnam automotive industry to grow fastest in ASEAN: Thai industry insider
The aging 67-million-strong Thai market buys around 880,000 units per year, so the 90-million-plus market of Vietnam with a younger age group will have higher demand for personal vehicles in the future
Vietnam’s automotive sales leap 43% in 2014: trade association
Last year, sales of personal cars increased by 43 percent year on year, topping 100,000 units, while sales of trucks grew by 42 percent over 2013 to reach nearly 57,371 vehicles
Toyota recalls 6.39 million vehicles worldwide
Despite record sales and bumper profits, Toyota has been fighting to protect its brand after millions of earlier recalls and in the wake of a $1.2 billion settlement last month to settle US criminal charges.