Vietnam's automobile industry sold nearly 16,150 units in September, up 29% against August and 65% on the same month of last year, according to Vietnam Automobile Manufacturers' Association (VAMA).
Members of the Vietnam Automobile Manufacturer Association (VAMA) have enjoyed steady sales growth in the 17-month period ending in August, but this is not good news for local car assemblers.
The latest sales figures confirm that despite lingering market difficulties, sales of domestic automakers continue to grow with Toyota, Thaco and Ford outperforming foreign manufacturers in recent months.
Sales by members of the Vietnam Automobile Manufacturers' Association (VAMA) continued rising high last month with nearly 10,000 automobiles sold, the Saigon Times Daily reported.
Ford Vietnam Limited recently announced it is investing VND72 billion in a new distributorship in Can Tho city and some new branches to benefit from the rising demand in the country's fast growing auto market.