HÀ NỘI — Việt Nam’s automobile market seems to be on the way to recovery, particularly for domestically produced and assembled cars, according to industry insiders. The report suggests that in the first four months of 2024 it looks like the market is recovering in terms of automobile output production, new assemblies and automobile consumption. The timing appears strategic, as the market is showing signs of recovery after hitting a low point. Car manufacturers, while cautiously optimistic, are still monitoring market developments closely, especially considering the market's collapse a year ago. According to insiders, these developments indicate a positive trajectory for the Vietnamese automobile market, driven by both government policies and strategic initiatives from manufacturers.

Source: Viet Nam News May 11, 2024 07:00 UTC