JavaScript is off. Please enable to view full site.

​Vietnam February car sales fall 29 pct on year

​Vietnam February car sales fall 29 pct on year

Monday, March 12, 2018, 15:39 GMT+7

Vietnam’s car sales fell sharply in February, declining 29 percent from a year earlier to 12,394 units, according to data released by the Vietnam Automotive Manufacturers Association (VAMA).

Sales in February fell 52 percent from January, VAMA said in a statement.

Dealers said buyers refrained from buying new cars as they were waiting for prices to fall later this year after an import tax on cars from other countries in Southeast Asia is slashed to 0 percent from 30 percent.

Toyota remained the leading brand last month, though sales fell 20 percent to 2,865 units.

Truong Hai (Thaco) group, the local assembler and distributor of brands such as Kia, Mazda, Peugeot and Hyundai and a significant player in the commercial vehicle segment, reported a 33 percent decline in group sales to 5,188 units.

Ford’s sales were 44 percent lower at 1,062 units in February while Honda sales fell 8 percent 502 units. Mitsubishi sales rose by 23 percent to 469 units.



Read more




Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Latest news