Vietnam car market stays quiet ahead of Tet festival
The low sale volume was due to difficult economic conditions that forced customers to tighten spending.
The low sale volume was due to difficult economic conditions that forced customers to tighten spending.
All have suspended operation during the 15-day nationwide social distancing period, while resumption of production would depend on the actual pandemic situation.
In Vietnam, Ford Vietnam's Hai Duong assembly plant is scheduled to stop operation by March 26.
In January, Vietnam imported nearly 4,000 cars worth US$106 million, up 14% month-on-month in volume but down nearly 49% in value.
Vietnam’s automotive industry is lagging around 30 years behind neighboring countries such as Thailand, Indonesia and Malaysia.