The new turn of the automobile industryVietNamNet Bridge - The Vietnamese automobile market is expected to have an unpredictable year following an unsatisfactory 2017. The new regulation, scheduled to take effect from 2019, has worried automobile assembling enterprises, both Vietnamese and foreign invested. The automobile market in 2017 was gloomier than expected with the total number of cars sold decreasing by 7.8 percent compared with the year before, to 250,619. Domestic manufacturers move aheadIn 2018, the Ministry of Industry and Trade affirmed that measures would be taken to control car imports and support domestic production. Foreign manufacturers complain about new policies, while Vietnamese manufacturers keep expanding their investments.

Source: VietNamNet News February 26, 2018 06:45 UTC