Industry Trend Analysis - Infrastructure, Fixed Investment And Tourism To Support CV Sales - JAN 2018
BMI View : Robust fixed investment and positive outlooks for Vietnam's construction , infrastructure and tourism industries will help drive growth of 14% in CV sales in 2018.
Following a projected drop of 14% in commercial vehicle (CV) sales in 2017, we expect demand for these specialised vehicles to return to positive territory in 2018, with forecast growth of 14%. This expansion in CV sales will be the second highest among ASEAN member nations, only behind the Philippines's forecast growth rate of 19% in 2018. While we do not have a CV forecast breakdown, we expect robust fixed investment, a booming tourism industry and a positive outlook for Vietnam's construction and infrastructure sectors to drive growth in the light commercial vehicle (LCV), heavy truck and bus segments.
Robust Fixed Investment Good For LCV Sales
|Sales Set For Recovery In 2018|
|Vietnam - Commercial Vehicle Sales, Units|
|f = BMI forecast. Source: VAMA, BMI|