The Vietnamese market in 2024 demonstrated resilience and innovation, driven by domestic brands like VinFast, supportive policies and international market expansions.
Many dealers are maintaining promotional programmes that include reductions of 50 to 100 per cent on registration fees to attract buyers during the peak shopping season.
The Việt Nam Automobile Manufacturers Association (VAMA) announced on December 10 that its member companies sold 44,200 vehicles in November, marking a month-on-month increase of 14 per cent.
The expiration on December 1 of the 50 per cent reduction in registration fees for domestically produced and assembled cars has raised concerns about a potential downturn in the market.
