Automobile sales in Vietnam plunged in July due to the complications of COVID-19 and social distancing measures being applied in many localities nationwide.
Honda Vietnam posted an 8.9% increase in retail sales of automobiles but a 16.9% drop in that of motorbikes in June, the firm announced on July 10.
A long Lunar New Year holidays, the ending of registration fee cut and impacts from COVID-19 pandemic are major reasons behind a strong fall of automobile sales in February, according to insiders.
Sales of automobiles in November went up 9% against the previous month to 36,359 vehicles, according to Vietnam Automobile Manufacturers’ Association (VAMA) said on December 10.