Domestic automobile market is currently facing a situation of high supply and low demand. This has resulted in a decline in sales and an excess of inventory for carmakers.

The decline in domestic automobile consumption and its drop to fifth place in Southeast Asia can be attributed to both external and internal factors, according to industry insiders.

VOV.VN - Nine paintings of Vietnamese children have been selected to compete in the Toyota Dream Car Art Contest, an event which is scheduled to take place in February in Japan.

VOV.VN - Vietnam spent approximately US$86.786 million on importing 3,416 completely built unit (CBU) cars in mid-December, according to statistics released by the General Department of Vietnam Customs.

VOV.VN - Thailand has topped the list of suppliers of cars to Vietnam over the past 11 months, according to the General Department of Vietnam Customs.

VOV.VN - The European Commission appreciates Vietnam implementing its recommendations on combating illegal, unreported and unregulated (IUU) fishing, and it expects to address the issue soon, said EC President Ursula von der Leyen.

VOV.VN - Vietnam spent approximately US$255 million on importing over 9,600 completely built unit (CBU) cars in October, marking an increase of nearly 30% in volume compared to the previous month, according to data unveiled by the General Department of Customs.

VOV.VN - Travel writer Patrick Scott of The New York Times has published an article showing his great impression of Vietnamese cable cars.

VOV.VN - A flight carrying 210 tourists from Kazakhstan’s capital Almaty touched down at Phu Quoc International Airport on October 23, said Bui Quoc Thai, director of the Department of Tourism of Kien Giang province.

The recent decline in Vietnam’s automobile consumption and its drop to the fifth place in Southeast Asia can be attributed to both external and internal factors, car experts said.