According to the Vietnam Automobile Manufacturers’ Association (VAMA), its members sold a total of 27,289 units in March, up 135 per cent against February.
The entry of Chinese automakers into the Vietnamese auto market presents both opportunities and challenges for consumers and competitors in Viet Nam, according to local car experts.
The Vietnamese automotive market is expected to rebound this year, returning to its growth track after sluggish sales in 2021, according to industry insiders.
The Viet Nam Automobile Manufacturers’ Association (VAMA) has announced that total market sales of its member units reached 38,656 vehicles last month.
The 50 per cent reduction of registration fee for domestically-assembled cars is considered a push to help the auto market grow in the next six months.
The domestic auto market is expected to continue growing in the remaining months of this year, according to experts, after expanding by up to 120 per cent in October.
The cut in the fee has reduced the cost of car ownership, which the Government hoped would help revive a slumping auto market. But it has not worked out that way, at least not so far.
Around 28,280 cars were sold in the country in October, an increase of 26 per cent compared to the same period last year, the Vietnam Automobile Manufacturers’ Association (VAMA) said.
Vietnam Automobile Manufacturers'' Association (VAMA) held a seminar on
trends related to environmentally-friendly technology application in the
automobile industry in Ha Noi on October 6.
There will be a steep rise in import duties on various types of trucks
and their parts from December 20, a new circular issued by the
finance ministry said.