86,000 cars sold since early 2017

According to a report by the Vietnam Automobile Manufacturers Association (VAMA), the total sales volume of automobile nationwide reached 21,942 vehicles in April.

Thus, the market has consumed more than 86,000 vehicles of all kinds since the beginning of the year, in which imported vehicles accounted for about 27%, equivalent to 24,000 units.

Particularly, VAMA's members sold 81,000 vehicles, up slightly 2% compared to the same period last year. This includes 27,893 commercial vehicles and 48,261 passenger cars and 4,754 SPVs.

Truong Hai Auto continues to lead the market with the sales volume of 32,000 vehicles, accounting for nearly 40% of the market share. The figures for Toyota and Ford are 22% and 12% respectively.

According to the General Department of Vietnam Customs, Vietnam imported 33,400 cars of all kinds in the first four months of the year, with the value of 663 million USD, increasing by 16% in volume but decreasing by 10% in value compared to the same period last year.

In 2016, Vietnam's automobile sales reached a record of 304,000 units (up 24% yoy). However, VAMA forecasts that 2017's sales will only increase by about 10% compared to 2016.