Tuesday, October 26, 2021 3:36:22 AM - Markets open
VN-INDEX 1,385.40 -3.84/-0.28%
HNX-INDEX 395.88 +4.68/+1.20%
UPCOM-INDEX 100.92 +0.56/+0.56%
Vietnam’s automobile sales slip to record low due to COVID-19
VietNamPlus - 9/13/2021 1:59:15 PM
 (0 ratings. You must sign in to rate.)
 Vietnam’s automobile sales have borne the brunt of COVID-19 and saw a record low in August since 2015.
 
In the month, the figure slipped 45 percent compared to that in July as 8,884 vehicles were sold, according to the Vietnam Automobile Manufacturers’ Association (VAMA).
 
It was the fifth consecutive month seeing the downward trend of the country’s automobile sales.
 
In the first eight months of 2021, VAMA members sold a total 175,400 vehicles, representing a decline of 13 percent against the figure recorded in the same period of 2019, when COVID-19 had yet to break out.
 
The vehicles included 121,549 passenger and 50,034 commercial cars, down 18 percent and 2 percent, respectively. Meanwhile, 3,817 special-purpose vehicles were sold, inching up 1 percent.
 
The number does not reflect the sales of non-VAMA members such as Audi, Jaguar Land Rover, Mercedes-Benz, Nissan, Subaru, Volkswagen and Volvo.
 
In the eight months, TC Motor of Hyundai Thanh Cong sold 40,248 vehicles, while VinFast of conglomerate Vingroup sold 22,030 units.
 
A total of 2,310 vehicles of VinFast were handed over to customers across the country in August.
 
The domestic carmaker is planning to release the first model of its VF e34 electric compact vehicle by the end of this year.
 
Since the beginning of the fourth wave of COVID-19 outbreaks in Vietnam in late April, various plants, car dealers and repair centres of VAMA members have to halt operations due to social distancing measures in an attempt to curb the spread of the pandemic./.
 
VNA
 
Read original article here
 
Newer News
23/10 Steel producers report strong growth in profits despite COVID-19
21/10 Steel exports surge 78.1 percent in nine months
21/10 Vietnamese rice exporters see great opportunities
18/10 Vietnam to join world's top five seafood processing countries by 2030
15/10 More than $10 billion per year to develop the power sources and grid in the 2021-2030 period
14/10 Vietnam likely to achieve rice export target this year
13/10 Tax cut proposed to stabilise domestic petrol price
12/10 FDI inflow into Vietnam still on upturn trend
08/10 Vietnam works towards responsible, sustainable fishery sector
06/10 Vietnam’s GDP growth may reach 8 percent in 2022: DBS
Older News
11/09 Vietnam enjoys major trade surplus with UAE
11/09 Vietnam, US ensure continuity of goods supply chain
09/09 Wood exports plummet as amid virus outbreak
08/09 Canadian businesses believe in Việt Nam’s medium-term economic outlook
08/09 Public investment capital disbursement remains slow
06/09 Việt Nam's steel sales increase due to exports
06/09 Canadian businesses believe in Vietnam’s medium-term economic outlook
01/09 Standard Chartered Vietnam increases charter capital, reinforcing its local commitment
30/08 Vietnam posts 3.71 billion USD in trade deficit in eight months
25/08 Vietnam forecast to grow by 4.8 percent in 2021: World Bank
 
Newsletter Signup
Top Stories
Transport ministry allows increase of domestic flight frequency from October 21
VIC: Vinfast & Europe's AUTOBEST enter new strategic partnership
Energy stocks benefit from higher oil prices
Vietnam’s GDP up 1.42 percent in nine months
VCS: Vicostone's Q3 pre-tax profit estimated to reach 80% of yearly target
Market Update
Last updated at 3:05:04 PM
VN-INDEX 1,385.40 -3.84/-0.28%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.