Cars have been selling very slowly in amid COVID-19 and social distancing. A gloomy future has been predicted for the automobile industry.

Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 23,587 vehicles in June, down 8% month-on-month.

The Ministry of Finance has rejected the Vietnam Automobile Manufacturers’ Association (VAMA) proposal to continue reducing the registration fees for new domestically-produced cars by 50%.

VOV.VN - The Vietnam Automobile Manufacturers Association (VAMA) announced on April 13 that car sales of its members in March reached 30,935 vehicles of all kinds, representing a sharp rise of 127% compared to the previous month.

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

Members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold a total of 677,739 motorcycles in Q3, a year-on-year fall of 18.49%.

Sales of automobiles in September increased 32% against the previous month to reach 27,252 units, the Vietnam Automobile Manufacturers’ Association (VAMA) reported on October 10.

The Vietnam Motor Show 2020, scheduled for October 29 – November 1, will be cancelled due to the complicated developments of COVID-19, announced the Vietnam Automobile Manufacturers’ Association (VAMA) and Vehicles Importers Vietnam Association (VIVA).