As many as 30,742 cars were sold in Vietnam in January, a decline of 34% compared to the previous month, according to a monthly report issued by the Vietnam Automobile Manufacturers Association (VAMA) on February 15.

The Vietnamese automobile market has continued to rebound, gaining slight growth in 2021, data from manufacturers showed.

Ju Teng International Holdings Ltd has been granted an investment certificate for its electronic component and automobile accessories project worth US$200 million at Hoang Mai Industrial Park in the central province of Nghe An.

Automobile sales in Vietnam posted a month-on-month increase of 30% and a year-on-year increase of 6% in November, announced the Vietnam Automobile Manufacturers’ Association (VAMA).

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that the total market sales of its member units reached 38,656 vehicles last month, a month-on-month increase of 30%, and a year-on-year increase of 6%.

The automobile market has become bustling again after the Government cut by 50% the vehicle registration tax.

The Government has issued Decree No.104/2021/ND-CP on the extension of the deadline for special consumption tax payment on domestically-manufactured or assembled automobiles.

The Ministry of Finance (MoF) has proposed rescheduling excise tax payments for local automobile manufactures and assemblers.

The domestic auto market is expected to grow further in the remaining months of this year after expanding up to 120% in October, experts have said.

Supply chains in Southeast Asia are racing to recover to full strength after months of factory stoppages and production cuts, including Vietnam which is seeing a rapid return to normality, according to an article published on Japan’s Nikkei newspaper.