Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Vietnam’s total auto sales in January 2021 stood at 26,432 units, up by 69pc from Jan 2020 but down by 45pc as compared to the previous month, according to the Vietnam Automobile Manufacturers’ Association (VAMA).


The monthly decline in auto sales in January was due to the economic impact of the COVID-19 pandemic which made the consumers tighten their spending. 


Besides that, the consumers were no longer entitled to the 50pc reduction on vehicle registration fees in the country from January 1, 2021. This also caused the sales to decline in January on a monthly basis as consumers had to pay 100pc registration fees again.


Passenger car sales in January rose by 60pc to 20,398 units from Jan 2020 but fell by 45pc as compared to the prior month, while sales of commercial vehicles (CVs) stood at 5,741 units, up by 116pc from the same month in 2020 but down by 46pc as compared to December 2020.


In January, sales of special-purpose vehicles stood at 293 units, up by 31pc as compared to the preceding year and down by 13pc from the month prior.


In the import and export market, Vietnam’s CKD (Completely Knocked Down) and CBU (Completely Built-Up) car sales in January stood at 14,512 units and 11,920 units, up by 56pc and 88pc, respectively, from the prior-year period. The CKD and CBU sales, however, declined by 51pc and 35pc, respectively, when compared to December 2020 figures.

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