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Sales of locally assembled cars lower than imported vehicles

By Hung Le

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HCMC – The first five months of this year saw more completely built-up cars (CBU) sold than locally assembled units, according to the Vietnam Automobile Manufacturers Association (VAMA).

A VAMA report, released on June 11, showed that total market sales in May reached 25,794 units, including 18,235 passenger cars, 7,292 commercial vehicles, and 267 special-use automobiles, up by 6%, 7% and 4% against the previous month, respectively.

In May, the sales volume of domestically assembled vehicles reached 11,985 units, up by a slight 0.02% over the previous month. Meanwhile, the sales of CBU vehicles stood at 13,809 units, expanding by 12% against April. This indicates that the number of imported vehicles sold was 1,822 units higher than locally assembled autos.

This is the second consecutive month that the sales volume of imported cars has surpassed that of locally assembled cars. In April, VAMA’s statistics showed that 11,983 domestically assembled cars were sold, while the number of CBU imported cars sold was 384 units higher.

In the January-May period, 108,308 units were sold, a 5% year-on-year decrease, VAMA reported.

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