Companies / Vietnam
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Manufacturers Undaunted By Decline
September 2006 | BMI ViewSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Changes in tariff structure and the anticipation of new models to hit the Vietnamese market have resulted in sluggish sales of locally-built vehicles for the first half of 2006, down 22% y-o-y. The signs are good for a second-half recovery as June already marked the third consecutive month of growth, although BMI remains cautious in its recently published "Vietnam Automotives Report", forecasting a 10% y-o-y decline in sales for the year. We expect the growth generated in the latter part of the year to continue throughout the remainder of the five year forecast period, however, with domestically-built vehicles projected to