“According to the latest figures from the Department of Customs, Việt Nam imported 16,343 cars in October. Although this represents a 5.5 per cent drop from the previous month, total imports over the first 10 months reached 171,364 units, up 20 per cent year on year. Import turnover neared US$4 billion, the highest level in the past three years.
Data from the Vietnam Automobile Manufacturers’ Association (VAMA) shows that its members sold 131,503 fully imported vehicles in this period, an increase of 17 per cent, while domestically assembled cars reached 119,918 units, up just 6 per cent. The widening gap underscores a clear shift in consumer preference towards imported models.” – Viet Nam News
Source: Fierce Competition Ahead For Automakers
Fierce Competition Ahead For Automakers
