Focus On Local Produce Intensifies

New locally made vehicle sales in Vietnam rose 11% year-on-year (y-o-y) in the first five months of 2011, to reach 44,966 units, according to the Vietnam Automobile Manufacturers Association (VAMA). Over the same period, the number of completely built units (CBUs) imported into the country rose 45.7% y-o-y, to reach 26,900 CBUs, according to a report on the Vietnews website. Taken together, this makes for a total of 71,866 new car sales so far in 2011, a trend which, if replicated over the remainder of the year, would necessitate some upward revisions to our current forecast of 118,824 units to

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