Vietnam’s automotive market is expected to see car sales rise during the holiday season, as the industry continues to recover after sluggish sales during the global pandemic, according to experts.

The Ministry of Industry and Trade’s Vietnam Competition and Consumer Authority has announced the recall of 730 VF e34 electric cars of Vinfast, which are available only in the domestic market, to check and replace their side crash sensors.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 33,463 vehicles of all kinds in September, representing a month-on-month rise of 8.5%.

The Vietnamese electric vehicle market promises to be more exciting after many years of consumers saying no to hybrid and e-cars, industry insiders said.

VOV.VN - The nation spent approximately US$153.6 million on importing 7,914 completely built units (CBU) cars in the first half of September.

VOV.VN - The country spent a total of US$385.41 million on importing approximately 18,279 completely built-up (CBU) automobiles in August, with the figure reaching the highest number ever recorded.

VOV.VN - The number of cars imported into Vietnam rose sharply in August and has reached a record high over the past eight months, according the General Statistics Office (GSO).

Regulations on the automobile localisation ratio will be abolished on October 10, 2022 after having been in force for almost 20 years.

The Vietnam Automobile Manufacturers’ Association (VAMA) said on July 13 that its members sold 25,159 vehicles in June, down 42% from the previous month.

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.