Saturday, November 10, 2007

Vietnam's automobile sales surge in 1st 10 months

HANOI, Nov. 9 (Xinhua) -- Automobile joint ventures in Vietnam posted total sales of 58,230 vehicles in the first 10 months of this year, up 88 percent over the same period last year, according to a local industrial association on Friday.

In October alone, the country's automobile sales stood at 9,081units, increasing 125 percent over last October, said the Vietnam Automobile Manufacturers Association.

Last month, Toyota Vietnam kept on holding the biggest local market share, with 2,061 units sold, followed by Vinamotor with 1,268 vehicles and Truong Hai with 1,209.

Automobile joint ventures in Vietnam, sole producers of cars and main makers of other kinds of automobiles in the country, sold39,876 vehicles in 2006, down from 40,853 in 2005, said the association.

Last year, Vietnam with a population of about 84 million housed13 automobile joint ventures with total registered capital of nearly 700 million U.S. dollars and combined annual capacity of 173,000 units.

Besides, the country had dozens of local enterprises specializing in producing automobile parts and assembling simple vehicles.