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Update news Vietnam Automobile Manufacturers Association
The spread of the COVID-19 pandemic in almost all countries and territories worldwide is likely to force automobile manufacturing and assembly firms in Vietnam to scale down operations and even close their factories.
The year of 2019 was a difficult period for Vietnam’s auto market, but also marked positive performances of most local car producers.
Vietnam’s automobile industry is small compared to regional markets and local suppliers are asking for more support from the Government.
Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed, spreading more gloom about the sector’s health.