The Vietnamese automobile market saw a remarkable breakthrough in its total sales in March, after several months of declines.

A number of large manufacturers slashed car prices early this year, signaling fierce competition in the Vietnamese auto market.

Vietnam’s automobile sales have borne the brunt of COVID-19, seeing a record low in August since 2015.

Despite the ongoing trade tensions between major economies, and the pandemic, supply chain shifts of Japanese investors are still taking place, mostly in the form of specifically targeted production expansions, with Vietnam being one of the prioritised destinations.