Automobile sales, manufacture enjoy surges
Manufacture, assembly and sales of automobile products of Toyota Vietnam and Honda Vietnam in the northern province of Vinh Phuc have had a sharp gain in recent years thanks to new strategies from the manufacturers.
More than 51,500 vehicles were manufactured in the two plants in 2015, up 23.3% against the previous year.
Vios was the best-selling model of Toyota Vietnam last year, hitting 13,761 units, nearly doubling the sales recorded in 2014. The Corolla model came second with 5,926 cars sold, a year-on-year increase of 10%.
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Toyota looks forward to a 10% expansion in its yearly sales in 2016.
While automobile production and sales are running smoothly, those for motorbikes have gotten stuck.
The factories of Honda Vietnam and Piaggio Vietnam in Vinh Phuc manufactured 1,910,000 units in 2015, a decline of 15% year-on-year.
This is the third consecutive year the manufacture of motorcycles has experienced such a sharp fall. This is forecast to greatly impact Vinh Phuc province’s budget collection as the industry is a significant contributor to the locality’s budget.
