On the list of five best sellers of last month, there was no presence of completely built-up automobiles (CBU).
The total volume of imported CBU cars into Vietnam in March 2018 was estimated at 5,000 units.
In the first two months of 2018, CBU (completely built-up) vehicles imported in Vietnam dropped sharply, equivalent to 3.5 per cent in number and 11.5 per cent in value compared to the same period last year.
According to Toru Kinoshita, chairman of Vietnam Automobile Manufacturers' Association (VAMA) cum president of Toyota Motor Vietnam, under the impact of some conditions regulated in Decree 116, auto companies may face difficulties and have to postpone Complete Built Up (CBU) importation.
Besides returning to Vietnam’s market through its exclusive distributor, Ssangyong Motor Company also plans to assemble cars in Vietnam for the purposes of lowering prices and increasing competitiveness vis-à-vis CBU (completely built-up) cars imported from ASEAN countries.
Thailand and Indonesia’s automobiles are gaining momentum in Vietnam.
Contrary to all predictions, automobile manufacturers have set modest targets for this year’s business plans. After a two-year boom, the automobile market is expected to be more quiet in 2017.
