Vietnam’s auto sales rise 19.5pc in eight months

HANOI (Xinhua) – Vietnam’s total automobile sales expanded 19.5 per cent year-on-year to 202,567 units between January and August, the Vietnam Automobile Manufacturers Association said yesterday.

Specifically, sales of passenger cars grew 31.4 per cent to 147,778 units, those of commercial vehicles such as trucks and buses dropped 1.6 per cent to 50,991, and those of special-purpose vehicles plunged 27.7 per cent to 3,798.

In August alone, 21,483 automobiles were sold in the Vietnamese market, down 19 per cent against July, and up four per cent against August 2018.

Over 288,600 automobiles were sold in the Vietnamese market in 2018, up nearly six per cent against 2017. Specifically, the sale of locally-assembled automobiles rose 11 per cent, and that of imported vehicles dropped over six per cent, said the association.

In the first eight months of this year, Vietnam spent over USD4.9 billion importing completely-built automobiles and components for assembly, seeing a year-on-year surge of 60.3 per cent.