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October 9, 2007
Car sales rise 30% in first 9 months

Automobile joint ventures in Vietnam posted total sales of 49,240 vehicles in the first nine months of this year, up 30 percent over the same period last year, according to a local industrial association on Monday.

In September alone, the country's automobile sales stood at 7, 683 units, increasing 99 percent over August, said the Vietnam Automobile Manufacturers Association.

Automobile joint ventures in Vietnam, sole producers of cars and main makers of other kinds of automobiles in the country, sold 39,876 vehicles in 2006, down from 40,853 in 2005, said the association.

Last year, Vietnam with a population of about 84 million housed 13 automobile joint ventures with total registered capital of nearly 700 million U.S. dollars and combined annual capacity of 173,000 units.

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