Due to the impact of the COVID-19 epidemic, the auto market in 2020 is less active than in previous years. However, with the increasing demand for car ownership and road travel, the car business will continue to grow.
The year 2020 is also a milestone for many FTAs in effect, which will lead to more fierce competition between domestically-assembled cars and imported cars. The Vietnamese government has also launched various policies to boost domestic automobile production.
Therefore, in this report, SEIKO IDEAS gathered some remarkable information about the automobile market in the past year. The contents of the report include:
- Domestic car business situation
- Vehicle import and export situation
- Related policies