Vietnam’s automobile sales rise 24 percent in September
Automobile sales in September surged by 24 percent from the previous month to reach 25,351 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on October 9.
Hanoi (VNA) – Automobile salesin September surged by 24 percent from the previous month to reach 25,351 units,the Vietnam Automobile Manufacturers’ Association (VAVA) reported on October 9.
Among the total, the sales of special-purpose vehicles saw the strongest riseat 36 percent from August figures with 513 units, followed by the sales ofpassenger cars and commercial vehicles, with the increases of 24 percent and 21percent to 17,213 units and 7,625 units, respectively.
Sales of domestically-assembled automobiles stood at 17,325 units, up 16 percentfrom August; whilst that of imported vehicles surged 42 percent, reaching 8,026units, the association said.
However, the automobile sales in the first nine months of 2018 went down 2percent year-on-year, reaching only 194,391 units. Sales of imported vehiclesdropped as much as 34 percent.
The decrease is attributed to the issuance of DecreeNo.116/2017 ND-CP on tightening automobile manufacturing and trade, which tookeffect on January 1, 2018.
From the second quarter to the present, most enterprises havecompleted 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 importedvehicles is forecast to become gradually more stable. –VNA
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Illustrative image (Source: VNA) 
