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[INFOGRAPHIC] Vietnam’s automotive market: Unpredictable changes by policies

[INFOGRAPHIC] Vietnam’s automotive market: Unpredictable changes by policies

Monday 09, 12 2019
Vietnam automotive market has held the spotlight, drawing attention of both domestic consumers and foreign investors. Due to the profound impact of Decree 116 and 125 which control and tighten automotive imports, the automobile market has become more
Vietnam automotive market has held the spotlight, drawing attention of both domestic consumers and foreign investors. Due to the profound impact of Decree 116 and 125 which control and tighten automotive imports, the automobile market has become more difficult to predict than ever.

After the price war in 2017, Vietnam’s automotive traders have been wavering between domestically assembled or imported cars. 2018 is considered to be the year for the automotive assembly companies to reak through and make significant strides. Opportunity is big yet there also exist challenges as it takes a lot of time for policies to be adjusted while the market demand is changing unpredictably.

The following infographic created by VietnamCredit will give you quite a thorough view of this market:


 
Vietnam automotive market
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Industry Report

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