The low sale volume was due to difficult economic conditions that forced customers to tighten spending.

Vietnam’s domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company.

VOV.VN - About 10 people were injured on January 9 after a man lost control, driving his car into a makeshift market in Thuy Nguyen district, Hai Phong city of northern Vietnam.

Car imports in November dropped 10.4% month on month to 12,237 units, according to initial statistics of the General Department of Vietnam Customs.

VOV.VN - Vietnam imported most completely built unit (CBU) automobiles from Thailand and Indonesia during the past 10 months, making up 84% of its total car imports, according to the General Department of Vietnam Customs.

Local companies do not have to worry about a preliminary anti-subsidy tariff imposed by the US Department of Commerce on car and truck tyres from Vietnam, executives told local media.

A number of large manufacturers slashed car prices in early October, signaling a fierce race in the Vietnamese auto market.

For many people, the news that automobile manufacturers have paid high amounts of tax to the state in the context of slow auto sales indicates that cars are being sold at sky-high prices in Vietnam.

VOV.VN - The nation imported 6,400 completely built unit (CBU) cars with a total value of US$106 million in September, a decline of 47.5% in comparison to the previous month, according to data released by the General Department of Vietnam Customs.

The People’s Committee of the northeastern province of Quang Ninh on September 22 held a ground-breaking ceremony for an automobile supporting industry complex of Thanh Cong Group JSC.