Vietnam’s auto industry production and sales dropped sharply in April from the previous month, Vietnam News Agency reported on Friday, suggesting sluggish demand for vehicles in the Southeast Asian country.
Total vehicle sales in April dropped 25 percent from March to 22,409 units, data from the Vietnam Automobile Manufacturers’ Association (VAMA) showed.
Sales by VAMA member manufacturers tumbled 39 percent to 50,017 units in the January-April period from a year ago, while sales of imported cars declined 16 percent to 42,784 units, VAMA said.
Total industry sales for passenger cars in the first four months of the year slumped 30 percent to 92,801 units year on year.—Xinhua
