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Nov 25, 2014

TRUCKS MARKET * Viet Nam: Truck sales

* Chinese trucks dominate Vietnam market thanks to cheap prices, domestic supply deficit


(Photo: Chinese trucks are on display at a car dealership in Ho Chi Minh City)
Ho Chi Minh City,Viet Nam -TUOI TRE NEWS -22 Nov 2014: -- Low prices combined with a failure by Vietnam’s domestic automobile industry to meet demand have enabled Chinese-made vehicles, mostly trucks, to flood the Southeast Asian country’s market... Vietnam’s imports of automobiles posted strong growth in both volume and value in the January-October period, according to newly released data from the Vietnam Customs... The Southeast Asian country imported 51,600 complete automobiles from all markets in the year to October, a steep increase of 79 percent year on year, whereas the import value rose 96 percent from the same period last year to US$1.14 billion...

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