News Room - Business/Economics

Posted on 13 Dec 2007

Vietnam’s automobile sales hit 11-month record

Sales of Viet Nam Automobile Manufacturers’ Association (VAMA) members reached 10,110 units in November, a year-on-year rise of 167 percent and the highest record so far this year.

VAMA said its members have sold 68,388 units during the past 11 months, a year-on-year rise of 97 percent.

Commercial vehicles accounted for 5,452 units, a year-on-year increase of 235 percent, while passenger cars made up 2,177 units, a year-on-year increase of 198 percent.

In November alone, Toyota Viet Nam sold 2,190 units, followed by Truong Hai Automobile with 1,390 units and the Viet Nam Motor Industry Corporation (Vinamotor) with 1,335 units.

Meanwhile, Viet Nam Daewoo Motors (Vidamco) ranked fourth with 1,016 units. November became the first month that Vidamco’s sales volume hit the four-digit number.

According to initial statistics, manufacturers still have around 10,000 orders. It is forecast that the “fever” for automobiles still continues and the demand will especially increase when the Tet festival is near.