Vietnam’s total auto sales in October increased by 22pc from September and by 15pc from the prior year October to 33,254 units, according to data by the Vietnam Automobile Manufacturers Association (Vama). In the Jan-Oct period, however, the country’s auto sales stood at 212,409 units, down by 18pc from the prior-year period.
Although October auto sales have recovered from the prior month, sales in the first ten month sales could not reach the prior-year level as the COVID-19 pandemic severely impacted the auto industry.
Of the total October auto sales, Vietnam’s passenger car (PV) sales grew by 23pc to 25,339 units, while commercial vehicle (CV) sales stood at 7,528 units, up by 17pc from the preceding month. Sales of special-purpose vehicles in October rose by 71pc to 387 units as compared to the prior month.
In the export market, CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in October stood at 20,498 units and 12,756 units, up by 15pc and 35pc, respectively, from September.
In the Jan-Oct period, PC and CV sales stood at 155,663 units and 53,711 units, down by 18pc and 17pc from the prior-year period, respectively. Sales of special-purpose vehicles in the ten months declined by 32pc to 3,035 units compared to the same period in 2019.
Vietnam spent over $4.8bn on importing completely-built automobiles and components for assembly, down by 21.5pc from the prior year, according to media reports citing data by the Ministry of Industry and Trade.