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Update news vietnam automobile market
Statistics compiled by the General Department of Vietnam Customs reveal that Thailand continued to dominate Vietnamese car imports last year.
Vietnam’s automobile market recorded slight growth in 2021, data from manufacturers showed.
Cars have been selling very slowly in amid Covid-19 and social distancing. A gloomy future has been predicted for the automobile industry.
Despite numerous challenges in the first half of the year, the automobile market is expected to improve significantly in the remaining half thanks to timely policies from the government and recovering growth speed in the following years
Car prices in Vietnam are predicted to continue falling with many discount programmes due to large inventory and slow sales.
The recent arrest of former directors at the Vietnam Engine and Agricultural Machinery Corporation (VEAM) has derailed the company’s future business plan.