In December 36,350 cars were sold by members of the Vietnam Automotive Manufacturers Association (VAMA), representing a 20 percent increase on December of 2022, Just Auto is reporting. The publication goes on to say that this is the first positive month in over a year.
Of note, Vietnamese banks engaged in some fairly aggressive lending practices in the last two months of 2023 with about US$30 billion worth of credit issued in the last two months of the year, almost equal to the total credit issued for the entire rest of the year.