In November, the wholesale and retail; repair cars, and motorbikes sector in Vietnam registered 101 new projects with US$368.1 million in newly registered capital, according to Vietnam’s Ministry of Planning and Investment. This represents a 4.12 percent increase compared to October, which recorded 97 new projects and US$79 million in newly registered capital.
Year-to-date (YTD), the sector has attracted a total of 1,070 new projects and US$1.37 billion in newly registered capital, reflecting significant growth in the sector.
The wholesale and retail motorbike and car sector in Vietnam continues to grow, driven by the country’s expanding consumer market, increased purchasing power, and the rise in demand for automobiles and related services. This sector is benefiting from both local and foreign investments, making it an attractive area for further growth.
Key foreign firms in the wholesale and retail auto-sector in Vietnam include major automotive brands such as Toyota and Honda, who continue to expand their footprint in the country.
Vietnam’s retail and wholesale auto-sector shows strong potential for continued growth, with foreign investments likely to keep rising.
See also: Automotive Industry in Vietnam