Rolls-Royce shuts Vietnam dealership

U.K. luxury car company Rolls-Royce has closed down its dealership in Vietnam and is looking for a new partner to replace it.

Vietnam, Rolls-Royce Motor Cars, automaker, Regal Motor Cars, Hanoi, dealership, distributor

The company said on Tuesday that the dealership, Regal Motor Cars in Hanoi, had not proven as effective as expected.

However, servicing would remain unaffected for existing customers, with Regal continuing to provide it until the company appoints a new dealer.

The dealership opened in 2014 with a showroom on Ly Thuong Kiet Street in downtown Hoan Kiem District, and a service center on Nguyen Van Linh Street, Long Bien District.

But the focus was on servicing existing vehicles rather than selling large numbers immediately.

There are several hundred Rolls-Royce cars currently in Vietnam, including its latest model, the Cullinan, which costs more than VND32 billion ($1.38 million) for the standard version.

It is not known if the company is close to finding a new distributor.

Rolls-Royce is a subsidiary of BMW, the German giant, though the two brands operate independently.

News Related

OTHER NEWS

PM Phuc hosts welcome ceremony for Japanese Suga Yoshihide

Prime Minister Nguyen Xuan Phuc hosted welcome ceremony for Japanese Prime Minister Suga Yoshihide at the Presidential Palace in Ha Noi on Monday morning.  Updating… Photo: VGP Prime Minister Suga Yoshihide arrived in... Read more »

Japanese medical, cosmetic store chain comes to Vietnam

Japanese cosmetic and pharmaceutical store chain Matsumoto Kiyoshi opened its first store in HCMC on Sunday at the Vincom Center shopping mall in District 1. Read more »

More domestic manufacturers participate in global supply chains

More domestic manufacturers participate in global supply chains Read more »

Japan, Vietnam boast thriving economic partnership

Read more »

Construction steel exports soar in Q3

Vietnam exported over 400,000 tonnes of construction steel in the third quarter of 2020, increasing by 4 percent and 37 percent compared to the first and second quarters, respectively, according to the Vietnam... Read more »

Rice exports drop in volume but still rise in value

Vietnam’s rice exports by mid-September had declined 0.8 percent in volume but still grown 11.8 percent in value compared to the same period last year. Read more »

Vietnam Airlines increases flights on domestic routes

Vietnam Airlines is set to add more flights on its domestic routes to meet increasing travel demand, said a representative of the national flag carrier. Read more »

Vietnamese exports to India likely to rise by 633 million USD

Vietnamese businesses could increase exports to India by 633 million USD annually, the Standard Chartered Trade Opportunity Report has revealed. Read more »

EVN aims to complete key power projects in 2020

Vietnam Electricity (EVN) planned to put two turbines of Thuong Kon Tum hydropower plant and Se San 4 solar power plant into operation by the year-end. Read more »

Second support package needs to actually benefit businesses: experts

The government’s first support package has failed to revive the economy due to poor implementation and authorities should make the second one more practical and accessible, experts warn. Read more »