PSNews - The Vietnam Automobile Manufacturers’ Association on October 9 reported that automobile sales in September surged by 24% from the previous month to reach 25,351 units.
|Photo for illustration. Source: Internet
According to the Vietnam Automobile Manufacturers' Association, among the total, the sales of special-purpose vehicles saw the strongest rise at 36% with 513 units compared to the previous month, followed by the sales of passenger cars and commercial vehicles, with the increases of 24% and 21% to 17,213 units and 7,625 units, respectively.
Sales of domestically-assembled automobiles reached 17,325 units, a rise of 16% from August. Additionally, the imported vehicles surged 42%, reaching 8,026 units.
However, the automobile sales in the first nine months of 2018 went down 2% year-on-year, reaching only 194,391 units. Sales of imported vehicles dropped as much as 34%.
The reason why these rates were dropped is due to the issuance of Decree No.116/2017 ND-CP on tightening automobile manufacturing and trade, which took effect on January 1, 2018.
From the second quarter to the present, most enterprises have completed the procedures stipulated in Decree No.116/2017/ND-CP, and as such, the volume of imported cars has continued to increase. The supply of imported vehicles is forecast to become gradually more stable.
By Linh Bui