Vietnam automobile market stagnant in early 2024


Imported cars wait for custom clearance at a port in Vietnam. - Viet Nam News/ANN

HANOI: Vietnam’s automobile market is currently facing a situation of high supply and low demand, resulting in a decline in sales and an excess of inventory for carmakers.

In response, car manufacturers have resorted to offering big discounts and promotions to attract customers and stimulate demand.

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Vietnam , carmakers

   

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