~ Le ViÍt Nam, aujourd'hui. ~
The Vietnam News

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Vietnam auto sales nearly double in 2007

HANOI - Vietnam automobile sales nearly doubled to more than 80,000 units last year compared to 2006, driven by a 128 percent rise in demand for passenger cars, manufacturers said Tuesday.

Toyota topped the list of 17 manufacturers who make or assemble automobiles in the country with over 20,000 domestically-assembled units sold, followed by Truong Hai, GM Daewoo and Vinaxuki, they said. Total auto sales increased to 80,392 units from January to December, up 97 percent compared to the previous year, the Vietnam Automobile Manufacturers' Association (VAMA) said in a report.

In December 2007 alone, sales volume reached 12,006 units, up 96 percent compared to the same month of 2006. Communist Vietnam, a emerging economy with 8.5 percent growth last year, moved from bicycles to motorcycles in the 1990s and is now seeing a rise in car ownership, especially in cities, despite high import tariffs.

Agence France Presse - January 8, 2007.