Vietnam’s CV market stabilises in Q4 of 2018
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By Jim Gibbins - 1st March 2019
Vietnam - Vietnam’s commercial vehicle market over 2 tons gvw stabilised in the fourth quarter (Q4) of 2018, with sales rising by just under 4% to 26,324 units from 25,334 units a year earlier, according to AsiaMotorBusiness analysis of data from the Vietnam Automotive Manufacturers Association (VAMA).
Vietnam’s economic growth accelerated to 7.3% in Q4 of last year from a revised 6.8% in the third quarter, driven by strong service and manufacturing sector growth and rising inward investment. This rounded off a strong year for the economy, with full-year GDP growth estimated at 7.1% - up from 6.8% in 2017.
