When did cars arrive in Vietnam?

What car companies are Vietnamese?

Market share of leading automobile manufacturers in Vietnam in 2020

Characteristic Market share
Thaco Group* 35.5%
Toyota 24.9%
Mitsubishi Vietnam (Vinastar) 10.2%
Ford 8.7%

Why are there no cars in Vietnam?

Due to high import taxes on automobiles, the Vietnamese government protects domestic manufacturing. Although Vietnam is a member of the ASEAN Free Trade Area, automobile imports fall under an exception. Since January 1, 2018, the 30% import tax has been discontinued as part of ASEAN agreements.

How much does it cost to buy a car in Vietnam?

In the U.S., a BMW 760Li fetches $140,000 while the average cost of buying the vehicle in Vietnam is $318,000, according to Sai Gon Giai Phong.

Is VinFast a public company?

Vingroup itself is publicly-traded on the Ho Chi Minh stock exchange. MarketWatch reports that Vingroup JSC has a market capitalization of 478 trillion Vietnamese dong, which equates to about $21 billion US dollars.

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