Foreign investors can see great auto sales opportunities in the Vietnamese market. Billions of dollars have been spent to develop car distribution networks instead of manufacturing. Automobile manufacturers understand that expanding distribution networks is the best solution to improve revenue. Mercedes Benz, Audi, BMW, Toyota, Honda, Mazda, Ford, Hyundai, Kia and Mitsubishi have opened a series of authorized distribution agents recently. It is expected that by 2029, Vietnam market scale would be about 1 million brand-new cars a year with revenue of $12 billion.

Source: VietNamNet News February 02, 2017 07:30 UTC