Passenger Cars

Car sales in Vietnam in the January–October period dropped 18% year-on-year to 212,409 units across all segments.

The government’s decision to slash the registration fee for domestically-produced cars by 50% is set to further boost the sale of domestic cars in the two remaining quarters of this year.

The majority of imported cars in Vietnam in April came from Thailand and Indonesia.

The main issues of the local automobile industry lie in the inability to master core technologies such as engine production, the control and transmission systems.

The majority of imported cars in Vietnam in March came from Thailand and Indonesia.

This resulted in Vietnam importing an average of 9,230 cars per month and over 300 cars per day, and car imports of nearly US$1.75 billion during the period, up 250% year-on-year.