According to Vietnam Automobile Manufacturers' Association, sales of complete knocked-down cars was 19,467 units, accounting for nearly 85 per cent of the total market in last month.
Truong Hai Automobile, a local automobile manufacturer, continued to lead the Vietnam automobile market in April 2018 with its sales being over twice the figure for Toyota Vietnam.
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.
There was a positive sign of the Vietnam automobile industry of which revenue in October 2017 was higher than last month.
Before an ever-rising pressure of duty at 0% on completely built cars imported from ASEAN nations, which is scheduled to be applicable in next year, many local automobile firms are launching a series of price reduction strategies on locally produced products. TheLEADER's reporter Vu Long interviewed Mr. Pham Anh Tuan, head of the Vietnam Automobile Manufacturers' Association (VAMA)'s Policy Subcommittee on a scenario for Vietnam's automobile industry.
Truong Hai Auto Corporation (Truong Hai Auto) continues to take the lead of Vietnam automobile market with the sales of 32,000 vehicles, accounting for nearly 40% of the market share.
