HCM CITY – HCM City has opened its first secondhand automobile market where sellers and buyers can meet directly to discuss purchases. The secondhand market, which is common in the US and Europe, helps sellers and buyers save time and money as there is no commission. “The secondhand auto market aims to connect sellers and buyers in the speediest and most time-saving way,” Trần Thái Hoà, director of Sago Auto, told Thời Nay (Nowadays) newspaper. Sellers of secondhand cars at Sago Auto pay a daily fee of VNĐ100,000 (US$4.5) for at least seven days to park their car. Civil engineer Vũ Huy Nam, who is willing to spend VNĐ600 million ($27,000) on a car, said he had been looking for a secondhand car for a long time.

Source: Viet Nam News August 22, 2016 21:56 UTC