"automobile market"

After a strong surge in sales in September when the Vietnamese automobile market saw a 45% increase, an increase was still recorded in October, though at a more modest rate.

The Ministry of Industry and Trade has forecast that Vietnam's automobile market could grow by approximately 12% in 2025, with sales expected to reach 600,000 units. However, the influx of completely built-up (CBU) imported vehicles is likely to exert significant pressure on the domestic automobile industry.