Vietnam’s auto sales in 8M surge 17%
Total vehicle sales in the 8-month period reaching 220,733 units.
Sales of locally-assembled vehicles up just 1% in May
According to the Vietnam Automobile Manufacturers Association (VAMA), sales of locally-assembled vehicles in May rose just 1 per cent compared to April, while sales of imported completely-built-unit (CBU) vehicles rose 7 per cent. Of note, May was the last month locally-assembled and manufactured vehicles were subject to a 50 per cent reduction on registration fees.
Auto market recovering but sales still down
September sales increase significantly against August but down 50 per cent against September 2020.