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.

Cars in Vietnam since 2021 are subject to new regulations such as registration fee, import tariff, and higher emission standards.

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 - 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.