Sign up | Log in



Home  >>  Daily News  >>  Vietnam News  >>  Automotive  >>  Car sales in Vietnam down 24% in May

8 June 2009

Car sales in Vietnam down 24% in May

Related Stories
May 9, 2009
Vietnam’s car sales down 38% in Jan-April 2009

April 9, 2009
Vietnam car sales down 36% in Q1 

January 10, 2009
Vietnam car sales decline 23% in Dec 2008

December 1, 2008
New law raises taxes on six-, nine-seaters in Vietnam 

November 8, 2008
Vietnam’s car sales dropped 37% in October 

Vietnam's car sales in May dropped 24 percent from a year earlier to 8,761 vehicles, as tight credit and a weakening economy hit demand, Reuters reported.

January-May sales by the 16 car makers operating in the Southeast Asian country fell 35 percent from the same period last year to 58,860 units, the Vietnam Automobile Manufacturers Association said in a report on Monday.

Dealers say demand could slow significantly for the rest of the year as consumers shelve big ticket items such as cars and houses.

Last year, car sales rose 37 percent to a record 110,186 units.

Vietnam's economy grew an estimated 3.1 percent in the first quarter, the slowest pace in at least a decade.

Japan's Toyota Motor Corp held on to top position with its 5-month sales down 14 percent to 10,228 vehicles. Sales by Ford Motor Co fell nearly a third to 3,441 units and Honda's sales slumped 47 percent to 2,816 units.

Mitsubishi Motors Corp, Malaysia's Proton, Suzuki Motor Corp and Nissho Iwai, part of Sojitz Holdings Corp, are among the car makers with assembly plants in Vietnam.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand