Archive for the 'Vietnam' Category

Suzuki becomes title sponsor of ASEAN Football Federation Cup

Monday, August 11th, 2008

Suzuki Motor Corporation is pleased to announce its support for the ASEAN Football Federation (AFF) Cup as the tournament’s title sponsor.

The AFF Suzuki Cup 2008 is the biggest football tournament in the ASEAN region since 1996. Aimed at raising the standard of ASEAN football to a world-class level and at making football more popular in the region, it will decide the top footballing nation among the AFF’s 11 members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam, and Timor-Leste.

The preliminary competition for the AFF Suzuki Cup 2008 will begin on 17 October in Cambodia. The finals will be played from 5 to 28 December in Thailand, Indonesia, and other ASEAN countries.

Suzuki is also supporting a wide range of other sporting events including the East Asian Football Championship 2008 and the QUALIFIERS 2010™ which is a football sponsorship package consisting 170 of the 268 matches of European qualification. Through ongoing support for events embodying the same excitement and passion for life that are communicated by Suzuki’s global “Way of Life!” slogan, Suzuki aims to heighten its brand awareness and convey its passion for making great vehicles to sport fans around the world.

Source: Suzuki Motor Corporation

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Vehicles

Honda Vietnam’s cumulative production achieved 5 million- unit milestone

Tuesday, July 29th, 2008

Honda Vietnam Company (HVN) celebrates the 5th million motorcycle to be produced in the first Motorcycle plant. To be at the ceremony are Koji Onishi, General Director of HVN, many journalists, suppliers and whole staffs of the company. The 5th million unit marked HVN’s continuous effort for more than 12 years to meet the increasing demand of Vietnamese customers. In his speech at the ceremony, Koji Onishi, General Director of HVN said that “HVN products has met the demand of customers in terms of: high quality, safety, modern & fuel economy. This is not only the proud but also the reponsibility of HVN. I do believe that we can do better to satisfy customers”.

For the recent years, HVN has continually applied the most advanced equipments of Honda in producing motorcycle models in Vietnam. By November 2006, in the First Motorcycle plant, the company had comprehensively modernized, upgraded production lines and put into manufacture many advanced machinery in order to meet the demand of raising the capacity from 800.000 unit/year to 1 million/year. Soon after that, in July 2007, HVN officially annnounced to broaden investing by building the second Motorcycle plant in Vietnam, which is supposed to focus on producing scooters and high class gear models. Carrying out those project, HVN desire to set a stable investment and well-developed business in Vietnam.

Furthermore, in order to meet with the growing demands of the Vietnamese customers, HVN had recently reinforced its model line up by adding scooters like Air Blade and CLICK and more environmental friendly model like Future Neo with PGM FI (Honda Programmed Fuel Injection). 5 million units for more than 12 years at present is a repeatedly great achievement of HVN in the area and all over the world, which helps to push HVN to be ranked among the list of the topHondamotorcycle factories globally.

Just within the first 6 months of this year, the company has had nearly 600,000 motorcycles delivered to the customers.

On the strong, sound base of the already gained achievements, HVN will continue to strike the best to become a corporate citizen, a part of Vietnam society, to share a hand in building the country to get stable developments.

Source: Honda Motor Co. Ltd.

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Honda, Motorcycles

Cast Wheel Production Shifts to New Facility at Vietnam Parts Factory

Friday, July 18th, 2008

Yamaha Motor Co., Ltd. announces the completion of a new cast wheel production facility in the premises of Yamaha Motor Parts Manufacturing Vietnam Co., Ltd. (YPMV) in response to the growing demand for cast motorcycle wheels in the ASEAN region. Transition to the new facility will be completed and manufacturing will begin in September 2008.

YPMV’s new specialized cast wheel production facility features three die casting machines that will operate as part of a comprehensive casting, processing and painting production process with the capacity to turn out 600,000 cast wheels annually. The investment for the construction and outfitting of the new facility and subsequent transfer of production is approximately 1.5 billion yen.

Cast wheels have become the mainstream wheels of choice for motorcycles in advanced markets due to their advantages in design freedom, processing ease and cost performance. In the ASEAN region with its growing motorcycle demand, there is also an increasing preference for cast wheels as opposed to conventional spoke wheels that have been predominant in the region. As evidence of this trend, the percentage of Yamaha motorcycles fitted with cast wheels has grown from 13% in 2004 to 44% in 2007 in the five ASEAN nations of Indonesia, Vietnam, Thailand, the Philippines and Malaysia.

Yamaha Motor has met this demand thus far with cast wheels produced at PT. Yamaha Motor Parts Manufacturing Indonesia (YPMI) and wheels from external makers. Plans call for the cast wheels produced at the new YPMV facility to be supplied to Yamaha Motor Vietnam Co., Ltd., the Yamaha Motor group manufacturing company in Vietnam, as well as to group bases in Thailand and the Philippines.

In the company’s current, three-year medium-term management plan covering the period from 2008 to 2010, the ASEAN market is designated as a growth market for which the group will be aggressively investing corporate resources to “introduce attractive new products,” implemet aggressive promotions,” “strengthen sales networks” and “expand production capacities.” The aim of these activities is to increase motorcycle unit sales to 4.3 million units annually by 2010, a 50% increase from 2007.

Source: Yamaha Motors Co. Ltd.

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Yamaha, Motorcycles

Hino Motors, Ltd. to enter the Vietnamese light-duty truck market

Wednesday, April 23rd, 2008

Hino Motors, Ltd. (Hino) has decided to put its “HINO 300 Series” light-duty trucks into the Vietnamese market. The company recently began selling the trucks, which are known in Japan as Hino Dutro, through its production and sales subsidiary, Hino Motors Vietnam, Ltd. (Hino Vietnam). In recent years, the market for new trucks and buses in Vietnam has been rapidly expanding. This is due to an increase in the volume of commodity distributions fuelled by the Vietnamese economic boom alongside a growth in demand for new vehicles resulting from tighter restrictions on used vehicle imports. Since the establishment of Hino Vietnam in 1996, Hino has sold heavy and medium-duty trucks and large and medium-sized buses, achieving great popularity among the company’s Vietnamese customers. By adding light-duty trucks into the market, Hino is making an effort to strengthen its operations in this growing market. The company aims to sell 3,000 units (including 800 light-duty trucks) in fiscal 2008, a twofold increase over the previous fiscal year. Hino will keep offering the most suitable products and services for each country and region to meet the needs of customers all over the world, and plans to further expand its global operations. Profile of Hino Vietnam: - Company name: Hino Motors Vietnam, Ltd. (Hino Vietnam) - Location (Headquarters/Plant): Hanoi City, Vietnam - Established: June 1996 - Capital: 8,111,000 U.S. dollars - Ratio of capital contribution: Hino Motors 51%, VINAMOTOR 33%,Sumitomo Corporation 16% - Business: Production and sales of Hino Trucks and Buses, sales of repair parts - Number of employees: About 100 (as of the end of March 2008) - Annual sales volume (local sales): 1,566 units (FY 2007 Results)3,000 units (FY 2008 Projection)

Source: Hino Motors Ltd.

High taxes bring down imported cars in Vietnam

Saturday, April 12th, 2008

Vietnam imported 3,000 cars in April, a 50% drop off compared to March, reported the General Statistics Office.

The figure doesn’t include commercial cars and buses, only cars with 15 seats.

According to the General Statistics Office, the volume of imported cars has decreased because of the new tax rate of 70%, witch took effect on April 2, and 83%, on April 22.

“The number of imported cars will continue to fall due to the increase of tax,” said an official of the General Statistics Office.

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Used Cars, Commercial Buses