Vietnamese market rebounds strongly in Q2 2021
By Will Pulson - 6th September 2021
Vietnam - Vietnam’s market for commercial vehicles over 2 tons gvw bounced back by almost 41% year-on-year to 20,026 units in the second quarter of 2021 after declining by 23% to 14,211 units in the same period of last year, based on www.AsiaMotorBusiness.com analysis of wholesale data supplied by Vietnam Automotive Manufacturers Association (VAMA).
The country’s GDP is estimated to have rebounded by 6.6% in the second quarter from close to zero growth a year earlier which reflected strict lockdown measures during the initial stages of the pandemic. This was stronger than the 4.7% year-on-year growth recorded in the first quarter of 2021, but slower than analyst expectations following a record surge in coronavirus infections during the second quarter driven by the new Delta variant.
