Despite the sluggish sales of motorbikes, the automobile market saw signs of recovery, principally during the late 2014 compared to the corresponding period of 2012 and 2013.
Truong Thanh Hoai, head of the Heavy Industry Department attributed the remarkable car sales to a 2% in registration fee from 12 percent, noting that domestically-assembled trucks are gaining popularity, particularly light-weight category.
The Ministry of Industry and Trade reported that 3.3 million cars and 128,000 motorbikes were manufactured last year. Approximately 2 million cars and 37 million motorcycles are being used in Vietnam, it added.
