Vietnam auto sales slump as government weighs latest fee cut

Assembly plants apparently operating at just 40% capacity

20240712N Vinfast showroom

A VinFast electric vehicle sits in a Ho Chi Minh City showroom in June. (Photo by Yuji Nitta)

YUJI NITTA, Nikkei staff writer

HANOI -- As auto sales in Vietnam continue to fall, the government is once again moving to cut part of the cost of buying a car.

January-June sales declined roughly 2% from a year earlier to 134,884 vehicles in data released Wednesday by the Vietnam Automobile Manufacturers' Association. The figure includes imports by nonmember companies.

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