The Ministry of Industry and Trade reported that the volume of locally-assembled cars in July was estimated at 23,200 units, up 31.4 percent compared with the same period last year.

From January-July, automobile production reached about 140,800 units, increasing by 9.5 percent on-year.

According to the Industrial Policies Strategies Institute under the Ministry of Trade and Industry, domestic production is expected account for an average of 18.5 percent per annum from 2018-25, but then drop off to 13.8 percent per year from 2025-35.

The Vietnam General Department of Customs said the country imported nearly 5,700 units in July, marking the highest volume in month since early this year. Most cars were imported from Thailand, Indonesia and the Republic of Korea.

Vietnam also imported auto parts from Japan, the Republic of Korea, Thailand, Indonesia and India.-VNS/VNA