Hanoi, Nov. 17 -- Vietnam's automobile market is entering an unprecedentedly vibrant phase as a surge in imported vehicles, electric cars and hybrids gathers momentum. Intense competition between domestic and foreign manufacturers is reshaping the industry, ushering in a period of major transformation in both technology and consumer behaviour. According to the latest figures from the Department of Customs, Vietnam imported 16,343 cars in October. Although this represents a 5.5% drop from the previous month, total imports over the first ten months reached 171,364 units, up 20% year on year. Import turnover neared 4 billion USD, the highest level in the past three years. Data from the Vietnam Automobile Manufacturers' Association (VAMA) sho...
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