The January-May imports represented ayear-on-year increase of 13 percent in import volume and 3.5 percent invalue, the office said.
Car importers and traderssaid the April 1 cut in registration fees from 20-15 percent to 15-10percent had encouraged buyers, along with the loosened credits forautomobiles.
They also said a rumour thatregistration fees would be cut further from the current 12 percent to 10percent also triggered the market.
Vietnam ’sautomobile market was reported to be gradually heating up in recentmonths, though the extent of the recovery remained unclear.
The Vietnam Automobile Manufactures’ Association (VAMA) reportedthat sales of locally assembled automobiles in April rose 4.8 percentover March and 26 percent over the same month last year, totaling morethan 8,780 units.
For the four month period, more than 30,410 units were sold, an increase of 3 percent over the same period last year.
Members of VAMA also reported stable sales growth in April. Theassociation raised its prediction of total car sales this year from100,000 to 103,000.
Ford Vietnam sales and marketing director Truong Kim Phong said increased demand had pushed up sales for his company.-VNA
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