Industry and Trade News April 22: Cheap cars 'flood' into Vietnam

Energy sector

VOV Newspaper published the following information today, April 22: " The 8% growth target poses a challenge for the electricity industry"

The government has set a growth target of 8% by 2025 and double-digit growth in the following years, posing certain challenges for the electricity industry.

This information was given at the workshop "Responding to electricity demand in hot season - Challenges and solutions" organized by Vietnam Electricity Group (EVN) and Tien Phong Newspaper on the afternoon of April 21 in Ho Chi Minh City.

The workshop was attended by central and local management agencies, experts, scientists , electricity units, businesses and people who are electricity customers.

At the workshop, Mr. Nguyen The Huu - Deputy Director of the Electricity Department, Ministry of Industry and Trade said that providing electricity to achieve the economic growth target of 8%, ensuring people's lives, serving major political - diplomatic - cultural events in 2025... However, unpredictable weather, not following the law, along with fluctuations in the international environment have been and are greatly affecting Vietnam in general, as well as ensuring electricity supply in particular - becoming a big challenge for the electricity industry.

Accordingly, from the beginning of the year, the Ministry of Industry and Trade has promptly directed the electricity sector to effectively implement electricity supply solutions, while seeking and promoting measures to use electricity safely, economically and effectively during the hot season.

Vietnamplus newspaper published information: " Electricity in dry season: Building scenarios at the highest level, growth up to double digits"

Forecasting that the load will continue to increase in the upcoming dry and hot season, EVN has proactively developed power supply scenarios suitable for all situations, even when electricity demand grows by 12-13%.

Faced with complicated weather developments and upcoming heat waves, the Ministry of Industry and Trade and units under the Vietnam Electricity Group (EVN) have developed power supply scenarios and are on duty 24/7 to handle incidents and ensure electricity for socio-economic development.

Import and export sector

Vtcnews newspaper posted: "Ministry of Industry and Trade revokes the right to issue C/O, CNM and REX code from VCCI"

The Ministry of Industry and Trade issued Decision No. 1103/QD-BCT dated April 21, 2025 revoking the right to grant C/O, CNM and REX code previously authorized to VCCI.

Specifically, the Minister of Industry and Trade revoked the right to issue Certificates of Origin (C/O), Certificates of Origin of Unchanged Goods (CNM) and receive registration of Certificates of Origin of Goods (REX codes) under the Generalized System of Preferences (GSP) of Norway and Switzerland, which were authorized by the Minister of Industry and Trade to the Vietnam Federation of Commerce and Industry (VCCI) in decisions in previous years.

The Import-Export Department is responsible for notifying importing countries, relevant agencies, organizations and units at home and abroad about the change of the issuing authority for types of C/O form A, C/O form B, non-preferential C/O according to the regulations of the importing country, CNM, C/O form GSTP and REX code registration from the effective date of this decision.

The Ministry of Industry and Trade revokes the right to issue C/O, CNM and REX code from VCCI. (Illustration photo)

In addition, issuing C/O form A, C/O form B, non-preferential C/O according to the regulations of the importing country, CNM, C/O form GSTP and registering REX code smoothly, avoiding interruption and creating favorable conditions for traders.

Organize the handover and receipt from VCCI of contents related to the issuance of C/O form A, C/O form B, non-preferential C/O according to the regulations of the importing country, CNM, C/O form GSTP and registration of REX code during the period authorized by the Minister of Industry and Trade.

Bac Giang Newspaper reported: "Launching of Bac Giang International Logistics Center"

On April 22, Bac Giang International Logistics Limited Company coordinated to organize the launching ceremony of Bac Giang International Logistics Center in Song Khe ward (Bac Giang city).

Bac Giang International Logistics Center is planned on an area of ​​67 hectares. The project has a total investment of nearly 4,200 billion VND, including items such as: Multi-functional warehouse system, customs control warehouse, duty-free warehouse, e-commerce warehouse, automated warehouse... combined with a complete logistics solution system, modern and effective cross-chain Hub models (one-stop e-commerce Hub, import-export agricultural product center Hub...).

The completion of Bac Giang International Logistics Center is an important event, opening up many new development opportunities, creating favorable conditions for businesses in the province when carrying out import and export activities of goods and trade transactions.

Industrial sector

Vov newspaper published the news: "Cheap cars are flooding into Vietnam"

In the first months of the year, thousands of imported cars with an average price of more than 350 million VND arrived at Vietnamese ports.

According to statistics from the Customs Department, in the past three months, the country imported about 21,640 complete cars, with a total turnover of more than 445 million USD.

In the import tripod of three countries: Indonesia, Thailand and China, the market that exports the most cars to Vietnam is still Indonesia - with 8,841 cars, total value reaching more than 123 million USD. Cars imported from this country have an average declared value at customs of nearly 14,000 USD/car, equivalent to about 360 million VND/car.

Thailand ranked second in terms of vehicle import turnover with 7,731 complete cars arriving at Vietnamese ports in March 2025; and China ranked third with 4,473 cars. However, the total value of Chinese cars was more than 136 million USD, each car costing an average of 30,400 USD (converted to about 780 million VND in Vietnamese currency), which in terms of value would be higher than cars originating from Indonesia and Thailand.

Indonesia is still the country exporting the most cars to Vietnam.

Competition and consumer protection

Construction Newspaper reported: "VinFast electric motorbikes account for nearly 3% market share in Vietnam"

VinFast sold more than 70,000 electric motorbikes, accounting for only about 2.78% of the total motorbike consumption capacity of 2.545 million motorbikes consumed by Vietnamese people each year.

According to the 2024 Annual Report announced by Vingroup on April 19, VinFast sold 70,977 electric motorbikes, reaching 71% of the set target (100,000 electric motorbikes).

In 2023 and 2022, the number of electric motorbikes sold will be 70,266 and 60,264 units respectively. The growth rate of VinFast electric motorbikes in 2024 compared to 2023 is 1%.

Thus, VinFast electric motorbikes only accounted for 2.78% of the total motorbike consumption in Vietnam in the same year, which was 2.545 million units. Currently, the structure of Vietnam's motorbike market share still belongs to the Honda brand with 2.1 million motorbikes sold domestically, accounting for 82.5% of the market share, according to data shared by VAMM and Honda. Accordingly, VinFast's electric motorbike market share is only slightly higher than the odd number of Honda's market share in Vietnam (2.78% compared to 82.5%).

The remaining 10 brands (including 4 VAMM members: Yamaha, Piaggio, Suzuki, SYM) and 6 brands outside VAMM (VinFast, Pega, Yadea, Detech, DatBike, Kymco) share the remaining 17.5% market share. In terms of total industry output, each day, car manufacturers in Vietnam produce about 8,000 motorbikes, including VinFast electric motorbikes, an average of 200 motorbikes/day. Despite great efforts, VinFast's electric motorbike market share growth is slower than that of their electric cars.

Vneconomy newspaper posted: " Shopee 'out of breath', TikTok Shop encroaches on market share"

TikTok Shop's sales grew 113.8% in Q1/2025, increasing its market share from 23% to 35%, while Shopee's market share decreased from 68% to 62%...

According to the report "Online retail market in the first quarter of 2025 and forecast for the second quarter of 2025" by the Metric.vn data analysis platform, the total revenue in the first quarter of 2025 of the top 4 e-commerce platforms (Shopee, TikTok, Lazada, Tiki) increased by 42.29% over the same period last year, reaching 101.4 billion VND with 950.7 million products sold.

Notably, the revenue results have caused the market share of the platforms to change. Accordingly, TikTok Shop's sales increased by 113.8% in the first quarter of 2025, increasing its market share from 23% to 35%. This shows that consumers increasingly prefer shopping and entertainment through short videos.

In contrast, despite still growing 29.3%, Shopee’s market share fell from 68% to 62%, reflecting increasing competitive pressure. In addition, Lazada and Tiki also lost 43.5% and 66.6% of sales, respectively.

Metric.vn assesses that the rapid shift of consumers to content platforms like TikTok Shop is an important signal for platforms in orienting their upcoming development.

Dan Viet Newspaper published information: "Multi-level marketing "disguised", Ministry of Industry and Trade directed many agencies to take action"

The Office of the Ministry of Industry and Trade has just issued Document No. 2624/BCT-CT announcing the direction of the Minister of Industry and Trade on rectifying multi-level business activities.

Accordingly, in order to improve the effectiveness of multi-level marketing management and combat crimes related to multi-level marketing, the Minister of Industry and Trade requested.

The Minister of Industry and Trade requested the National Competition Commission to urgently review, propose amendments and complete legal regulations on the management of multi-level marketing business activities in order to meet the requirements of strict management of security and order for this activity, especially for new licensing cases.

Requirement to prevent risks of violating security and order, manifestations contrary to cultural traditions, ethical standards, and customs of the nation.

The National Competition Commission, an agency of the Ministry of Industry and Trade, urgently reviewed and coordinated with relevant agencies of the Ministry of Public Security to propose amendments and improvements to the provisions of the Penal Code on crimes related to multi-level marketing business activities.

Industry and Trade Newspaper

Source: https://congthuong.vn/tin-cong-thuong-224-o-to-gia-re-o-at-ve-viet-nam-383933.html