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Home News Automotive

Vietnam’s automobile market stands 5th in Southeast Asia | Business

NEWSROOM by NEWSROOM
March 21, 2024
in Automotive, East Asia
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A production line of Thanh Cong Group’s plant in the northern province of Ninh Binh. (Photo: VNA) 

Hanoi (VNS/VNA) – The decline in domestic automobile
consumption and its drop to 5th place in Southeast Asia can be attributed to
both external and internal factors, according to industry insiders.

The Association of Southeast Asian Automobile Manufacturers
Association (AAF) reported that Indonesia took the lead in car sales with more
than 1 million units in 2023, down 4% over the same period last year. Malaysia
was in second with 799,731 units, an increase of 10.9% compared to…



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