Vietnam First Half Sales Decelerate

July 2006 | Market Trend Analysis

Data from the Vietnam Automobile Manufacturers Association (VAMA) shows that new vehicle sales by 11 foreign joint ventures in the first half of 2006 were 22% lower y-o-y at 12,652 units. The industry is not too worried just yet, however, as June was the third consecutive month of growth. VAMA claims that this is because sales of imported second-hand vehicles have not been as high as expected due to tariffs creating high

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