Hopes of a big rise in car sales in October thanks to a steep drop in prices and the rollout of new models have been dashed, spreading more gloom about the sector’s health.
The 2019 Vietnam Motor Show opened in Ho Chi Minh City on October 23, showcasing the latest models and advanced technologies from 15 Vietnamese and foreign auto brands.
The Vietnam Motor Show 2019 (VMS 2019), to be held at the Saigon Exhibition and Convention Centre from October 23-27, will be a chance for local consumers to see latest models from many renowned automobile brands and breakthrough technologies in the industry.
Vietnamese automobile manufacturers and distributors had a banner month in May as the sales of car experienced a strong monthly growth of 30 percent following a line-up of promotions and discount programmes.
The total automobile sales in the first five months of 2019 surged by 22 percent year-on-year to 126,646 units, the Vietnam Automobile Manufacturers’ Association reported.
The Ministry of Finance has added environmentally-friendly cars to the list of vehicles with spareparts entitled to special preferential import tariffs.
The 16th International Exhibition on Automobile, Transportation and Supporting Industries (Vietnam AutoExpo 2019) will take place at the Vietnam National Convention Centre in Hanoi from June 12-15.
The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on January 14, according to the Ministry of Industry and Trade.
Despite difficulties in the first half of 2018, the domestic automobile market saw impressive growth compared to the previous year with nearly 290,000 vehicles sold during the year, an annual rise of 5.8 percent.
Almost 28,900 cars were sold in Vietnam in October, up 21 percent from the previous month, according to the Vietnam Automobile Manufacturers Association (VAMA).
Vietnam Motor Show 2018 will take place at the Saigon Exhibition and Convention Centre in Ho Chi Minh City from October 24-28, displaying about 120 models.
Automobile sales in September surged by 24 percent from the previous month to reach 25,351 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on October 9.
Fifteen renowned brands will present displays at the Vietnam Motor Show 2018, the largest national event of its kind, as heard at a press conference about the event held in Hanoi on August 20.
Automobile sales in the two first quarters of 2018 went down 6 percent compared to the same period last year to reach 125,659 units, the Vietnam Automobile Manufacturers’ Association (VAVA) reported on July 10.
A total of 23,065 automobiles were sold in the domestic market in May, up 9 percent against the previous month, reported the Vietnam Automobile Manufacturers’ Association (VAMA).
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