Automobile sales in Việt Nam up 9 per cent in July

August 14, 2024 - 12:17

Auto sales in Việt Nam in July increased 9 per cent from the previous month to 28,920 units.

llustrative photo. —VNA/VNS Photo

HÀ NỘI — Auto sales in Việt Nam in July increased nine per cent from the previous month to 28,920 units, the Việt Nam Automobile Manufacturers’ Association (VAMA) announced on Tuesday.

In terms of vehicle origins, 13,788 locally-assembled cars were sold in the month, up 6 per cent. Deliveries of completely-built units (CBUs) expanded 11 per cent to 15,132 over a month earlier.

During the seven-month span, VAMA members sold a total of 163,804 autos, a year-on-year rise of 1 per cent, with the sales of domestically produced units falling 12 per cent to 81,637 units and imported vehicles rising 19 per cent year-on-year to 82,167 units.

Car dealers are offering huge incentives for customers to promote sales in the 7th lunar month which started on August 4. The month is traditionally considered taboo by most Vietnamese for activities concerning large sums of money such as purchasing real estate and cars. — VNS

Tags vietnam automobile manufacturers' association VAMA

February automobile sales see biggest fall in three years

Local automobile sales in February plummeted 50 per cent year-on-year to 11,633 automobiles, the biggest drop in three years.

Economy

Automobile sales fall 9 per cent in August: VAMA

The automobile sales in Việt Nam faced difficulties in August, despite a slight grow in July following the reduction of registration fee by half, according a report of Vietnam Automobile Manufacturers Association (VAMA).

Economy

Việt Nam’s automobile sales grow slightly in July from previous month

.Based on the sales reports from VAMA, TC Group and VinFast, Hyundai continued to lead the market in July.

Economy

VAMA’s May automobile sales drop by 8%

Members of the Việt Nam Automobile Manufacturers’ Association (VAMA) sold 22,409 automobiles of all kinds in May, a decrease of 8 per cent compared with the previous month.

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Pushing up innovation

The recently revised Capital Law contains many new articles with special machenisms to support businesses in Hà Nội. These include tax exemptions in the first five years. This law aims to encourage development in science and technology, which will help turn Hà Nội into a hub for innovation, research, and technology both nationally and regionally. The law will also help nurture dreams for young people and start-ups.

Economy

Apparel, textile stocks shine with promise amid shifting order opportunities

The expected improvement in export orders will provide momentum for the apparel and textile ticker symbols

Economy

Processed industrial exports rise by 15.4% in seven months

Việt Nam’s export turnover of processed and manufactured industrial goods hit nearly US$192 billion in the first seven months of 2024.

Economy

Việt Nam's finished steel production projected at 30 million tonnes

The domestic steel market is currently inundated with various steel products, while imported steel continues to flood in, intensifying price competition for local producers.

Economy

SABECO joins PRO Vietnam, strengthens its green credentials

Saigon Beer-Alcohol-Beverage Corporation (SABECO) has officially joined Packaging Recycling Organisation Vietnam (PRO Vietnam) with an aim of fulfilling the company’s Extended Producer Responsibility (EPR), working towards a shared goal for all businesses in the industry.