Vietnamese rush to buy cars as prices fall Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
05/03/2021 10:00 GMT+7
Though the automobile market has become big enough for manufacturers to step up domestic production, industry policies remain unencouraging.
With 300,000 cars sold in 2020, Vietnam has surpassed the Philippines to become the fourth largest automobile market in the region, according to AAF (ASEAN Automotive Federation).
Thailand led the region with 792,146 cars sold in 2020, while Indonesia was in the second position with 600,000 cars sold. The third position belonged to Malaysia with 550,000 cars. The figures were 296,634 for Vietnam and 223,793 for the Philippines.
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Motor vehicle sales in ASEAN plunged 29 percent in pandemic year 2020 with all countries in the red with Indonesia and the Philippines posting the steepest declines, data from the ASEAN Automotive Federation (AAF) showed.
Based on the AFF data, ASEAN countries’ combined sales reached only 2,453,8
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