Imported cars outpaced domestically assembled ones in September, pushing the recovery of Vietnam’s automobile market, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
The Vietnam Automobile Manufacturers Association (VAMA) on June 11 reported its members’ total sales of 29,210 vehicles in May, marking a modest 1% decline from April but a robust 13% increase compared to the same month last year.
Vietnam’s auto sales in May increased 6% from the previous month to 25,794 units, as dealers rolled out stimulus measures to spur consumption, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
Vietnam imported over 63,730 completely-built-up (CBU) cars worth some US$1.6 billion between January and June, dipping by 21.4% in volume and 14.4% in value year-on-year, according to data of the General Department of Vietnam Customs.