The Vietnam Automobile Manufacturers’ Association on October 10 reported that automobile sales in September drop 20 percent compared to the same period last year and 4 percent over the previous month.
Automobile assembling at Hyundai Thanh Cong factory (Photo: VNA)
Hanoi (VNA) – The Vietnam Automobile Manufacturers’ Association (VAVA) on October 10reported that automobile sales in September drop 20 percent compared to thesame period last year and 4 percent over the previous month.
Among total 21,216units of vehicles sold in September, 11,637 were passenger vehicles, down 7 percent;8,700 commercial cars, unchanged sales; and 879 special-purpose vehicles, up 4percent.
Particularly, sales ofdomestically-assembled automobiles were estimated at 14,739, a fall of 5percent, while 6,477 imported vehicles were sold in the month, down 2 percentmonth on month.
In the first ninemonths of 2017, total sales were 198,253 units, a drop of 8 percent year onyear. Both passenger and commercial vehicles saw a fall of 7 percent, while salesof special-purpose cars declined 18 percent.
Sales ofdomestic-assembled vehicles also slumped 28 percent, while that of importedvehicles rose 8 percent.
September was thefourth consecutive month that the automobile market suffers sale decrease,following a drop of 6 percent in August, 27 percent in July and 0.2 percent inJune.
Experts held that majorreason behind the situation is a cut of 10 percent in car import tax to 30percent in early 2017, along with customers’ trend of postponing their purchaseto wait for lower automobile prices as car import tax from ASEAN country isexpected to reduce to zero percent in 2018.
The Ministry ofFinance has proposed an exemption of special-consume tax to domestically-producedauto parts to create equal environment for domestically-assembled and importedcars.-VNA
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Automobile assembling at Hyundai Thanh Cong factory (Photo: VNA) 
