Business

Auto market to continue growing: experts

The domestic auto market is expected to grow further in the remaining months of this year after expanding up to 120 percent in October, experts have said.
Auto market to continue growing: experts ảnh 1Illustrative image (Source: Kia)
Hanoi (VNA) – The domestic auto market isexpected to grow further in the remaining months of this year after expandingup to 120 percent in October, experts have said.

The Vietnam Automobile Manufacturers’ Association(VAMA) said on November 16 that vehicle sales of its members reached 29,797 lastmonth.

Of the total sales, there were 19,865 passenger cars,up 138 percent month on month; 9,492 commercial vehicles, up 94 percent; and 404specialised vehicles, up 45 percent.

In terms of origin, the sales of domesticallyassembled and imported cars hit 15,344 units and 14,453 units, increasing 110percent and 132 percent compared to September, respectively.

The association attributed the impressive rise toCOVID-19 prevention and control measures rolled out by the Government.

In the first 10 months of this year, the total salesof VAMA members reached 218,734 vehicles of alltypes, up 3 percent from the corresponding time last year.

Experts said the January-October sales did notfully reflect the entire Vietnamese car market because the brands of Audi,Jaguar Land Rover, Mercedes-Benz, Subaru, Volkswagen, and Volvo did not disclosetheir figures.

Looking at the sales of automobile brands in Vietnamlast month, Hyundai secured the first place. It was followed by Toyota, Kia,Ford, VinFast, Mazda and Honda./.
VNA
#auto market #Vietnam Automobile Manufacturers’ Association #vehicle sales #COVID-19 #automobile brands #Vietnam #VietanmPlus #Vietnam news
Follow VietnamPlus

Related News

See more

Inside Bach Dang shipbuilding factory (Photo: VNA)

Vietnam's industry spearheads transition to circular economy

The circular economy is no longer just a policy choice. It has become an inevitable trend for delivering sustainable and green growth, sharpening competitiveness at home and abroad, and meeting Vietnam’s net-zero emissions target by 2050. It is now a prerequisite to sustain long-term economic expansion, particularly in industrial production and supporting industries.

Algerian officials, representatives of foreign embassies, and numerous global oil and gas companies attend the Bid Round. (Photo: VNA)

Vietnam joins int'l bidding for oil and gas exploration in Algeria

Currently, PVEP is involved in oil exploitation at Blocks 433a and 416b of the Bir Seba field in the Hassi Messaoud area, Ouargla province, located more than 600 km south of Algiers. The project stands as one of Petrovietnam’s most successful overseas ventures, demonstrating the operational capacity and technical expertise of Vietnamese engineers on the global stage.

A customer is making payment via QR code at a coffee shop. The Ministry of Finance has proposed new regulations on taxable revenue thresholds for household businesses. (Photo: VNA)

Finance ministry eyes flexible tax thresholds

In a draft law amending several articles of the laws on personal income tax, corporate income tax and value-added tax, Vietnam's finance ministry proposed scrapping the fixed revenue threshold of 500 million VND. Instead, it suggested the threshold be set by the Government based on prevailing economic conditions.

Part of the Vung Ang II Thermal Power Plant. (Photo: VNA)

Vung Ang II thermal power plant inaugurated in Ha Tinh

With a total investment of 2.2 billion USD, the Vung Ang II Thermal Power Plant is developed under a build-operate-transfer (BOT) model and has a designed capacity of 1,200 MW, comprising two turbines. The plant is expected to play a key role in ensuring stable electricity supply for the central region and neighbouring areas, thereby facilitating the development of industries, agriculture and services.

Aircraft at the Noi Bai International Airport in Hanoi. (Photo: VNA)

Vietnam seeks stable jet fuel supplies from China amid Middle East disruptions

On the basis of the long-standing friendship and cooperation between Vietnam and China, as well as close ties between their aviation authorities, the Civil Aviation Authority of Vietnam has asked the Civil Aviation Administration of China to direct relevant fuel suppliers to ensure sufficient and stable supplies for Vietnam.

Illustrative photo (Photo: Xinua/VNA)

Remittances to Ho Chi Minh City decline in Q1 amid global headwinds

Data from the State Bank of Vietnam (SBV)'s Region 2 branch showed that remittances transferred through credit institutions and economic organisations in Ho Chi Minh City exceeded 2 billion USD in the January–March period, down 15.6% from the previous quarter and 16.9% year-on-year.

The shipments are unloaded at the airport. (Photo: VNA broadcasts)

Nearly 100 tonnes of Vietnamese fruits, vegetables airlifted to UAE

Vietnamese fresh produce and processed foods are increasingly recognised for their quality, with items such as cashew nuts, coffee and spices gaining popularity among Middle East consumers. In 2025, Vietnam’s farm produce exports to the UAE exceeded 445 million USD, up nearly 24% year-on-year.

The World Coffee Heritage Forum officially opens at the World Coffee Museum in Dak Lak province, with eyes on UNESCO recognition for Vietnamese coffee culture. (Photo: VNA)

World Coffee Heritage Forum opens in Dak Lak

Dak Lak is known as the 'capital' of Vietnamese coffee, with rich, fertile basalt red soil ideal for agriculture. The coffee provides livelihoods for thousands of locals and has developed a unique cultural space, closely tied to the socioeconomic life, customs and identity of local communities.