Vietnam’s auto sales increased 30 percent in November

by SpeedLux
ho chi minh city, vietnam

Almost 38,700 units of automobiles were sold in the Vietnamese market in November, showing an increase of 30 percent against October and 6 percent on the year, according to the figures provided by Vietnam Automobile Manufacturers Association.

The demand for automobiles is increasing at the end of the year with maintained promotion programs and a new policy on registration fee decrease coming into force, leading to better sales of automobiles in November.

In the first 11 months of this year, the total automobile sales in the country stood at 257,390 units, posting a year-on-year increase of 3 percent.

The sales of domestically assembled automobiles declined 10 percent, while those of imported ones increased 26 percent on the year, said the association.

Between January and November, Vietnam invested more than $7.6 billion on importing completely-built automobiles and components for assembly, posting a year-on-year increase of 38.1 percent, according to the country’s General Statistics Office.

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