Carmakers Raise Output by 67 per cent in Jan-July
Automakers in Vietnam increased their output in the first seven months this year by 67 per cent to 33,271 units when local sales are on the sharp rise, a government source said.
Car sales by the 16 member carmakers of the Vietnam Automobile Manufacturers Association (VAMA), which are now dominating the Vietnamese auto market, rose 79 per cent in January-June to 28,524 units.
Vietnamese July car output was up 65.5 per cent on-year to 6,346 units, the General Statistics Office (GSO) said.
With a fledging auto industry, all carmakers in the country have to import parts for production. Carmakers in Vietnam are predicted to spend US$402 million on car components so far this year. (GSO July 2007)
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