Vietnam's car sales continue growth trajectory in October

Nov 12th at 22:26
12-11-2022 22:26:09+07:00

Vietnam's car sales continue growth trajectory in October

Vietnam's car market has continued to maintain its growth after recording an uptick in sales in October.

 

Data from the Vietnam Automobile Manufacturers’ Association (VAMA) reveals that sales of automobiles in Vietnam reached 36,560 units in October, an increase of 9.3 per cent over September and 22.7 per cent against October 2021.

The number of passenger car sales increased by 10 per cent from the previous month to 28,230 units. Deliveries of commercial vehicles grew by 6 per cent to 8,003 units, while deliveries of special-purpose vehicles rose by 4 per cent to 327 units.

Meanwhile, there were 20,051 completely knocked-down vehicles and 16,509 completely built vehicles sold in October, a rise of 17 per cent and 1 per cent respectively compared to last month.

In total, 334,963 vehicles have been sold by VAMA members in the first 10 months of 2022, up 52 per cent from the same period last year.

Other car manufacturers, such as Hyundai and VinFast, recorded combined sales of 10,000 cars per month. If those figures are added, Vietnam's car sales could surpass the 400,000-unit mark for the first ten months.

Vietnam's car market is still growing strongly amidst the difficult macroeconomic situation and credit tightening, with sales continuing to grow after a sharp plunge in June. The domestic auto market is expected to remain robust in the final two months of the year as it enters the peak season in preparation for the Lunar New Year.

vir



NEWS SAME CATEGORY

Vietnam exports first macadamia batch to Japan

The People’s Committee of Krong Nang District of Vietnam’s Central Highlands province of Dak Lak on Wednesday held a ceremony to ship the first macadamia batch to...

Vietnamese’s gold demand more than tripled in Q3

Vietnamese’s gold demand was estimated to total 12 tonnes of jewellery, bars and coins in the third quarter of this year, representing a rise of 264 per cent...

Vietnamese coffee exports set a new record

Despite inflation and difficulties in trade, Viet Nam's coffee exports recorded strong growth, according to experts, who expect a record US$4 billion in export...

MoIT calls for greater collaboration to end fuel supply disruption

The Ministry of Industry and Trade (MoIT) called for greater collaboration among ministerial-level offices as well as the PetroVietnam Group, the Nghi Son Refinery...

MoIT asks EU to remove EO controls on instant noodles

The Ministry of Industry and Trade (MoIT) recently sent a document to the Sanitary and Phytosanitary Measures Viet Nam Office requesting comments from the EU on...

MoIT orders inspections of gas stations suspending operations

The Ministry of Industry and Trade (MoIT) has ordered market surveillance forces to inspect petrol stations that have suspended operations and strictly deal with...

TBR39 fragrant rice wins first prize at Viet Nam’s best rice contest 2022

ThaiBinh Seed Corporation’s TBR39 fragrant rice won first prize at Viet Nam’s best rice contest 2022 and will represent the country at the 2022 World’s Best Rice...

Stronger greenback raises iPhone prices in Vietnam

The Vietnamese dong’s devaluation against the U.S. dollar has driven up the prices of the old iPhone models in Vietnam and is likely to fuel up a price hike among...

Morocco initiates anti-dumping investigation on tyres and tubes of bicycles and motorcycles from Viet Nam

The Ministry of Industry and Trade said that Morocco has announced it has initiated an anti-dumping investigation on tyres and tubes for bicycles, motorbikes and...

Output of assembled cars skyrockets, overwhelming imported cars

More than 53,500 cars, including both locally assembled and imported cars were sold last month, up 11.7 per cent compared to September, reported the General...

Commodity prices


MOST READ


Back To Top