Vietnam Auto Sales Surge 104 Percent in September

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Oct. 8 – Auto sales in Vietnam surged 104 percent in September from a year earlier after a 31 percent increase in August, an industry report said on Wednesday.

While 11,071 vehicles were sold in September, cumulative sales for the first nine months of the year were still down 12 percent from the same period last year the Vietnam Automobile Manufacturers Association said. After an annual fall of 19 percent in the first eight months of the year, the surge pushed sales to 80,374 for the year.

Sales in the passenger car category rose 15 percent during the nine-month period from a year earlier, the report said.

Vietnam’s economy grew an estimated 4.56 percent in the first nine months from a year earlier, slowing from an annual growth of 6.52 percent in the same period last year.