Car Assembly Soars 26 per cent in Jan-Apr

Car Assembly Soars 26 per cent in Jan-Apr 

Automobile manufacturers in Vietnam are estimated to manufacture 16,025 automobiles in the first four months of this year, representing a year-on-year increase of 26 per cent, according to the government’s General Statistics Office (GSO).

In April, automakers are forecast to turn out 4,438 units, up 34.9 per cent compared with the same period last year. They assembled 11,587 units in the January-March period, up about 19 per cent on year.

Foreign-invested firms lead the automotive industry, with 12,064 units in the January-April period (up 17.4 per cent on year) and 3,396 units in April (up 37 per cent), the private sector turns out 2,699 units in the four-month period (up 699 per cent) and 807 units in the month (up 818 per cent), and the state-owned sector produces 1,262 units (down 41.1 per cent) and 235 autos (down 76.9 per cent), respectively.

In the first three months, the foreign-invested, private and state-owned sectors manufactured 8,668 units, 1,892 units and 1,027units, respectively.

Vietnam is estimated to import 6,000 cars valued at USUS$100 million in the January-April period.

In 2004, automakers in the Southeast Asian country produced and assembled 44,760 automobiles, up 1,821 units from 42,939 units in 2003, according the Ministry of Transport.

• T.V