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Vietnam's auto sales up in February

Xinhua News,HANOI
2020-03-17 13:14

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Vietnam's total automobile sales increased 11 percent month-on-month to 17,616 units in February, the Vietnam Automobile Manufacturers Association said Tuesday.

Specifically, sales of passenger cars fell 3 percent to 12,471 units, those of commercial vehicles such as trucks and buses jumped 74 percent to 4,812, and those of special-purpose vehicles increased 49 percent to 333.

In February, the sale of locally-assembled automobiles increased 22 percent to 11,697 units and that of imported vehicles decreased 4 percent compared to the previous month, said the association.

Despite the growth in February, it was still difficult for Vietnam's auto industry to avoid the impacts of COVID-19 as China is an auto components and spare parts production hub supplying products for automakers in the United States, Japan, South Korea and Vietnam, daily newspaper Vietnam News cited insiders as reporting on Tuesday, adding that a number of automakers said they had not yet been affected by the pandemic, but they would start to run out of components and parts next month.

In 2019, Vietnam imported 141,696 completely-built automobiles worth over 3.2 billion U.S. dollars, up 71 percent on-year in volume and up 75.8 percent in value, according to its General Statistics Office.
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