Promotion Initiatives of Foton Motor in Vietnam Market

The economic crisis swept the world at the end of 2008 and shadowed the development tendency of world economy. The auto industry was once in recession. With the spring comingin March, dealers in Vietnam started to smile again as they said excitedly that since the market promotion activity in
Vietnam market on February 10, sales picked up by 40% and by March, sales of Foton products reached 60 units on a monthly basis. We highly appreciate the support given by Foton Motor.
Vietnam is a crucial market for Foton Motor in the Asiapacific region and is also affected by the economic crisis, financial institutions in Vietnam tightened their credit policies, leading to lower enthusiasm of Vietnam consumers and inventory buildup at Vietnam dears. In regard to this situation of economic difficulty, Foton Motor launched large-scaled market promotion campaigns for which the staff from Foton Motor did not lose their concerns on the Vietnam market even during the traditional Chinese Spring Festival. Early in February, Foton Motor facilitated communications with Vietnam dealers and reached consensus on the promotion campaign implemented for Q1 2009, during the time when Foton Motor and Vietnam dealers would award the sales staff for their good performances while paying certain amount of registration fees for customers who were buying the vehicles.
Foton Motor will further strengthen its cooperation with dealers and enhance the service awareness of its dealers in future so that it can reach the target of working, growing and winning together with its dealers