Carmakers Raise Output by 33 per cent in Jan-June

Automakers in Vietnam increased their output in the first six months this year by 33 per cent to 21,149 vehicles as their sales are higher than last year, a government source said.

 

Car sales by the 16 member carmakers of the Vietnam Automobile Manufacturers Association (VAMA), now dominating the Vietnamese auto market, rose 85 per cent in January-May to 22,445 units.

 

Vietnamese June car output was up 45.7 per cent on-year and 10 per cent on month to 4,155 units, the General Statistics Office (GSO) said.

 

According to the GSO, foreign-led carmakers still dominate the Vietnamese automotive industry with production of 12,972 units in six months (up 14.3 per cent on year) and 2264 units in June (up 21.8 per cent), followed by non-State firms with 5,411 units (up 118 per cent) and 1,226 units (up 252.3 per cent) and State-owned firms with 2,766 units (up 33.5 per cent) and 665 units (up 3.3 per cent).

 

With a fledging auto industry, all carmakers in the country have to import parts for production. Carmakers in Vietnam are predicted to spend US$291 million on car components so far this year. (GSO June 2007)