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

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