Vietnam's Road To Recovery

Price cuts among carmakers based in Vietnam, as well as lower tariffs for new imported vehicles have supported an upturn in the automotive market. BMI's latest Vietnam Automotives Report highlights how December sales of 12 Vietnam Automobile Manufacturers Association (VAMA) members combined were 62% higher than November and 27% higher than December 2005, resulting in a full year decline of just 0.95%, compared with a fall of around 18% in 2005. The Report goes on to examine how the expected influx of cheap used imports was averted through changes in tariffs, which actually served to make new imports more cost-effective,

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