Automobile sale grows for 2nd consecutive month in Vietnam: Association

Update: 22:54 | 12/04/2020
The Vietnam Automobile Manufacturers’ Association (VAMA) recently announced that its members’ March sale was 19,154 units, 8 percent higher than the figure recorded in February.
TIN LIÊN QUAN
automobile sale grows for 2nd consecutive month in vietnam association Automobile sales up 11 percent in February
automobile sale grows for 2nd consecutive month in vietnam association Automobile market can set new sales record
automobile sale grows for 2nd consecutive month in vietnam association
At the 2019 Vietnam Motor Show. (Photo: VNA)

This marks the second consecutive monthly growth in the sale of the association, it said, adding increases of from 5-18 percent were seen in the three segments.

Of the total, 11,878 automobiles are locally assembled.

Many attributed the rise in March to the application of promotion programmes such as discounts or valuable presents by makers and sale agents.

In the first quarter of this year, the VAMA members sold 78,419 units, 33 percent lower than the same period last year.

However, watchers said those VAMA figures does not present a panorama of the automobile market in Vietnam as there are many other manufacturers who are not members of the association.

automobile sale grows for 2nd consecutive month in vietnam association

Malaysia seeks business opportunities in Vietnam’s automobile industry

Vietnam is an attractive market for the automobile industry, Malaysian Ambassador to Vietnam Dato Mohd Zamruni Khalid said at a workshop on business opportunities in ...

automobile sale grows for 2nd consecutive month in vietnam association

Growth in automobile sector drives up Vietnam industrial real estate market

A large number of industrial and commercial lease deals related to the automobile sector have been made over the past three years.

automobile sale grows for 2nd consecutive month in vietnam association

Bright prospects for automobile sector in Industry 4.0 era

Vietnam has plenty of potential huge opportunities for the development of its automobile industry if the country takes full advantage of Industry 4.0, automation and ...

(Source: VNA)