HÀ NỘI — April 2024 marks the second consecutive month the automobile industry reported significant growth since the beginning of the year, according to a report by the General Statistics Office of Vietnam (GSO). Last month, 25,700 vehicles were produced and assembled in Việt Nam, an increase of 4 per cent compared to the previous month (24,800 vehicles), marking a comeback from a sharp decline in sales before Tết. The Vietnam Automobile Manufacturers Association (VAMA) said its members had been reporting improved sales in March and April. The previous three implementations have produced positive outcomes for the industry with owners enjoying a 5-6 per cent reduction in total costs. The industry set a sales record in 2022 with half a million vehicles sold throughout the year.

Source: Viet Nam News May 04, 2024 01:25 UTC