Total vehicle sales in Vietnam in the first seven months of this year hit 162,014 units, down 30 percent year on year, local media reported on Wednesday, citing the Vietnam Automobile Manufacturers’ Association (VAMA).
The sales of passenger cars, commercial vehicles, and special-use vehicles declined by 34 percent, 13 percent and 63 percent respectively, local newspaper Vietnam News reported.
The Vietnamese auto market is forecast to continue growing from August until the end of this year, thanks to a policy that reduces the registration fee by half, the newspaper reported.—Xinhua
