Business

VinFast sells over 29,480 vehicles in 2020

Vietnam’s domestic automaker VinFast, a subsidiary of conglomerate Vingroup, sold a total 29,485 cars in 2020, according to a sales report of the company.
VinFast sells over 29,480 vehicles in 2020 ảnh 1A showroom of VinFast cars (Photo: VNA)

Hanoi (VNA) – Vietnam’s domestic automaker VinFast, a subsidiary of conglomerateVingroup, sold a total 29,485 cars in 2020, according to a sales report of thecompany.

In the final month ofthe year, the company set a new sales record as 4,503 vehicles were sold,breaking its previous one of 4,040 in November.

The automaker’sincentives and stimulus programmes attributed to the surge of its sales at the year-end,a VinFast representative explained.

Of particular note, itrolled out a promotion exceeding 600 billion VND (26.03 million USD) to thosewho purchased VinFast cars before the end of December.

VinFast boasts anetwork of service workshops expected to be present in all 63 cities and provincesnationwide by the end of this year.

The Ministry ofIndustry and Trade said in a report that Vietnam’s auto industry has been oneof the key sectors most affected by the pandemic, with production in the firstquarter falling 10.5 percent year-on-year to 56,200 units while inventoriestripled./.

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