return icon Vietnamnet.vn

Positive signs for year-end car shopping

Car sales in Vietnam increased by 52 percent last month after five consecutive months of decline, showing positive signs for the car market at the end of the year.

Positive signs for year-end car shopping hinh anh 1

 

The Vietnam Automobile Manufacturers’ Association (VAMA) announced that vehicle sales of its members reached 13,537 last month, up 52 percent compared to the previous month.

The total sales of the entire market of VAMA members reached a total of 188,937 vehicles of all types in the first nine months of this year, a year-on-year increase of 5 percent.

Of which, there were 129,896 passenger cars, a year-on-year decrease of 0.3 percent; 54,920 commercial cars, up 19 percent and 4,121 specialised cars, up 56 percent.

Sales reports of companies showed that most of the car sales in the past month witnessed good growth, such as TC MOTOR whose sales grew by 87 percent or VinFast also grew by 51.4 percent compared with the previous month.

Looking at the sales of automobile brands in Vietnam last month, TC MOTOR has risen to lead in sales when selling 4,079 cars. The next position is VinFast, Toyota, Kia, and Mazda.

Meanwhile, a look at the Vietnamese auto market last month showed that, due to the COVID-19 pandemic, sales of VAMA members in August only reached 8,884 cars, down 45 percent compared with the previous month.

August was also the fifth month in a row that the sales of VAMA members fell and also the month with the lowest sales record in the Vietnamese automobile market since 2015.

Businesses said that the growth in sales last month was due to the fact that the COVID-19 pandemic has been controlled thanks to the Government's pandemic prevention measures.

At the same time, many provinces and cities across the country have relaxed social distancing after months of implementing pandemic prevention and control to enter a new normal state, which has boosted car sales.

Some experts said that with the above growth rate and the pandemic situation gradually controlled, from now to the end of the year, there are nearly three months left which is also the peak shopping period. The Vietnamese auto market could grow at double digits by the end of the year.

However, most consumers as well as many car manufacturers still expect the Government to soon agree to a 50 percent reduction in registration fees as proposed by businesses two months ago to remove difficulties for businesses and customers and stimulate shopping demand in the last months of the year amid the pandemic./.

Source: VNA

MORE NEWS

Amid global unrest, VN billionaires incur huge losses

Despite good news about the economy, including high growth rate and low inflation, stock prices have been sliding all over the globe.

Vietnam needs to expand airport network to relieve pressure on infrastructure

Vietnam ranks No.1 on the list of the 25 countries with the fastest post-pandemic recovery of the domestic aviation market.

Binh Duong lures foreign investors with special care

The southern province of Binh Duong has taken the lead for foreign direct investment (FDI) attraction thanks to its methods of taking care of investors.

Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

Unemployment rate falls, workers' incomes increase

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

The most expensive birds in Vietnam

Red-whiskered bulbs (Pycnonotus jocosus) with original colors are priced at VND500 million and tiny chickens with original colors sell for thousands of USD.

Drinks from dracontomelon: A popular heat-relieving drink in Hanoi

Sweet drinks made from ‘sau’, a fruit which is known scientifically as Dracontomelon, are a popular heat-relieving drink in Hanoi during the hot summer.

1,000 authors with doctoral degree or higher compiled textbooks for new academic year

As many as 1,574 authorities participated in compiling textbooks for six grades in accordance with the new general education program issued in 2018.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.

Law on Pharmacy needs to be amended

The lack of medicine at public hospitals has caused concern among the public. The Prime Minister has instructed the Ministry of Finance (MOF) and relevant ministries to find solutions to resolve the problem.

FIEs seek streamlined workforce policy

The human resources of Vietnam are improving to meet the demand of foreign-invested enterprises. However, they may require stronger policies on visas to enhance performance and transfer high technologies to Vietnam

US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Entrepreneurs blaze a trail in the city

Die-hard entrepreneurs are re-inventing themselves to solve business problems and find their niches in Ho Chi Minh City.

VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.
back_to_top