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Vietnam’s auto sales up 31 per cent in four months

HANOI (XINHUA) – A total of 132,865 units of automobiles were sold in the Vietnamese market in the first four months of this year, up 31 per cent year on year, according to the Vietnam Automobile Manufacturers’ Association.

Sales of domestically assembled automobiles surged 38 per cent to 79,442 units, while those of imported ones rose 22 per cent year on year to 53,423, according to the association’s monthly sales report released recently. Car parts shortage along with the expiration of the registration fee slashing policy by the end of May are expected to make the automobile market more volatile in the coming months, local experts said.

In 2021, 304,149 units of automobiles were sold in Vietnam, up three per cent year on year, according to the association. The country spent nearly USD8.7 billion importing completely-built automobiles and components for assembly last year, posting a year-on-year surge of 36.2 per cent, according to Vietnam’s General Statistics Office.